Coquitlam commercial building sold for full ask at $4.25M

Two-storey, 7,491-square-foot building in Austin Heights has three long-term office tenants and potential for higher-density development

By
for Western Investor
March 6, 2020





DD Coquitlam Chinese restaurant with offices

A 7,491-square-foot commercial building in Coquitlam's Austin Heights area with three long-term office tenants on the second floor has sold for $4.25 million, reports Macdonald Realty. The site has potential for higher-density development under the City of Coquitlam's Official Community Plan.

Breakdown:

Property type: Commercial building

Location: 1106 Austin Avenue, Coquitlam

Property size: 7,491 square feet

Number of units: 4

Lot size: 9,458 square feet

Zoning: C-2

Listing price: $4.25 million

Sale price: $4.25 million

Date of sale: February 18, 2020

Brokerage: Macdonald Realty Ltd., Coquitlam

Broker: Wayne Tullis 


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