DEAL | A 5,041-square-foot commercial property at 11200 No. 5 Rd., Richmond, sold June 20 for $7.4 million. The high-profile, freestanding property includes 23 on-site parking stalls. Tenanted by CIBC under a triple-net lease, four years remain on the term. The sale price of $1,464 per square foot reflected a strong valuation in a yield-sensitive market, representing a cap rate of nearly 3.9 per cent.
PRICE | $7,380,000
FROM | Allon Shapiro and Angus Tone, CBRE Ltd.
