For Sale
101 — 103 306 Sixth Street, New Westminster.
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The Opportunity
| Civic Address | 101—103 306 Sixth Street, New Westminster, BC |
| Legal Address | Strata Lots 42, 43 & 44, Sub Block 6, Plan BCS3456, New Westminster Land District |
| Site Area | 2,105 ft² |
| Current Zoning | C-3A |
| Property Taxes | $15,768.02 (2020) |
| Cap Rate | 3.6% |
| Asking Price | $2,750,000 |
Located in the renown Amadeo building, the subject property represents a retail strata property offering 2,105 ft² with prime corner frontage and three assigned parking stalls. The subject property was substantially renovated in 2015 to tenant Life Dental in Units 101-102 with Unit 103 tenanted by a dental lab to provide complimentary services and products.
Whether a new or seasoned investor, this turn-key property offers a unique opportunity to capitalize on the growing City of New Westminster while enjoying stress-free cashflow. A strong tenant covenant with in-place income combined with ample transit accessibility, and desirable amenities presents this opportunity as a safe and profitable investment for years to come.
Highlights:
- Strong tenant covenants with long term leases in place
- Exceptional brand-new state-of-the-art dental facility
- Triple-net leases in place providing care-free investment
- Prime location in Western Canada’s most historic city
The Building
Amadeo
Year Built: 2009
The Amadeo Building is a well-constructed concrete and steel building featuring 41 luxury residential units with exceptional retail on the ground floor. It is strategically located above New Westminster’s highly coveted and sought-after Sixth Street shopping corridor. Centrally located within the city, the subject property is only steps to amenities such as Downtown New Westminster, Tipperary Park, and Royal City Centre.
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Location
101—103 306 Sixth Street represents a unique opportunity to capitalize on security and growth in one of New Westminster’s most prominent neighbourhoods. Reap the rewards of an appreciating cashflow investment in the growing and bustling City of New Westminster. Relish in the rich history ingrained in Western Canada’s oldest city, which provides for destination shopping, lifestyle and tourist attractions. With New Westminster containing the most rapid transit stations per capita in Greater Vancouver, New Westminster is the ideal location for young professionals, families and students alike.
101—103 306 Sixth Street is strategically located on New Westminster’s highly coveted and sought-after Sixth Street shopping corridor. Centrally located within the city, the subject property is only steps to amenities such as Downtown New Westminster, Tipperary Park, and Royal City Centre.
Brokerage Team
Jonathan Gee
Vice President
604.781.9865
jonathan@paradigmvancouver.com
Paradigm Group Commercial Real Estate Services: 501 – 211 East Georgia St, Vancouver BC V6A 1Z6 +1.604.398.8836 paradigmvancouver.com
Robert Down*
*Personal Real Estate Corporation, Vice President
604.499.4700
robert.down@colliers.com
Colliers International: 200 Granville St, 19th Floor Vancouver BC V6C 2R6 +1.604.681.4111 collierscanada.com
Reach Us
Paradigm Group Commercial Real Estate Services
501-211 E Georgia St,
Vancouver, B.C. V6A 1Z6
info@paradigmvancouver.com