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Newly built White Rock retail unit sells for $1,077 psf

Unit offers plenty of upside to investor buyer
cru-2-1586-johnston-road-white-rock
The home of Pizza Garden at 1586 Johnston Rd., White Rock, sold June 1 for $1.85 million.

DEAL | A one-year-old corner retail unit at 1586 Johnston Rd., White Rock, tenanted by Pizza Garden sold June 1 for $1.85 million. The sale price averaged $1,077 per square foot, below average for the market, and together with rent escalations included in the 10-year lease, ensures upside for the purchaser.

PRICE | $1,850,000

FROM | George Richmond and Rebecca MacLeod, Commercial Properties Group