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Investment Highlights

  • Ground-floor retail unit in President Plaza with high visibility and strong foot traffic.
  • Immediate access to Aberdeen Station on the Canada Line and minutes from Vancouver International Airport.
  • Situated in a dense, high-demand trade area with strong consumer purchasing power.
  • Located in Richmond’s Asian Town Centre, surrounded by major retail anchors and hospitality venues.
  • Bonus income stream from an existing subtenant, plus optional acquisition of an established antique business.
  • Features include 24-hour access, on-site security, food court proximity, and ample parking.

Executive Summary

President Plaza located in the bustling Asian Town Centre, the property benefits from proximity to major anchors such as Aberdeen Centre, Radisson Hotel, and numerous renowned dining establishments and financial institutions.

2 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1000A
  • 13,989 SF
  • Office/Retail
  • $4,646,608 USD ($332.16 USD/SF)
  • $200,161.56 USD
Sale Type Investment
Cap Rate 4.31%
APN/Parcel ID 018-553-010
Description
Amazing location! Unit is complete with two AAA tenants in President's Plaza. One of Units can be vacant for Owner Operator.  Over 21,000sq.ft in ZC1 zoning, allowing for a variety of use cases.
Sale Notes
Offering a generous cap rate. Buyer has option taking possession right away. Please contact listing agent for viewings and questions.
  • Unit 1000B
  • 13,989 SF
  • Office/Retail
  • $6,433,764 USD ($459.92 USD/SF)
  • $278,796.46 USD
Sale Type Investment
Cap Rate 4.33%
Description
Amazing location! Unit is complete with two AAA tenants in President's Plaza. One of Units can be vacant for Owner Operator.  Over 21,000sq.ft in ZC1 zoning, allowing for a variety of use cases.
Sale Notes
Offering a generous cap rate. Please contact listing agent for viewings and questions
Unit Unit Size Condo Use Price NOI
Unit 1000A 13,989 SF Office/Retail $4,646,608 USD ($332.16 USD/SF) $200,161.56 USD
Unit 1000B 13,989 SF Office/Retail $6,433,764 USD ($459.92 USD/SF) $278,796.46 USD

Unit 1000A

Unit Size
13,989 SF
Condo Use
Office/Retail
Price
$4,646,608 USD ($332.16 USD/SF)
NOI
$200,161.56 USD

Unit 1000B

Unit Size
13,989 SF
Condo Use
Office/Retail
Price
$6,433,764 USD ($459.92 USD/SF)
NOI
$278,796.46 USD

Unit 1000A

Unit Size 13,989 SF
Condo Use Office/Retail
Price $4,646,608 USD ($332.16 USD/SF)
NOI $200,161.56 USD
Sale Type Investment
Cap Rate 4.31%
APN/Parcel ID 018-553-010
Description
Amazing location! Unit is complete with two AAA tenants in President&#39;s Plaza. One of Units can be vacant for Owner Operator.&nbsp;&nbsp;Over 21,000sq.ft in ZC1 zoning, allowing for a variety of use cases.</li></ul>
Sale Notes
Offering a generous cap rate. Buyer has option taking possession right away. Please contact listing agent for viewings and questions.</li></ul>

Unit 1000B

Unit Size 13,989 SF
Condo Use Office/Retail
Price $6,433,764 USD ($459.92 USD/SF)
NOI $278,796.46 USD
Sale Type Investment
Cap Rate 4.33%
Description
Amazing location! Unit is complete with two AAA tenants in President&#39;s Plaza. One of Units can be vacant for Owner Operator.&nbsp;&nbsp;Over 21,000sq.ft in ZC1 zoning, allowing for a variety of use cases.</li></ul>
Sale Notes
Offering a generous cap rate. Please contact listing agent for viewings and questions</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 183,042 SF
Property Type Retail
Property Subtype
Storefront Retail/Office
  • General Retail Storefront Retail/Residential
Building Class B
Floors 6
Typical Floor Size 26,846 SF
Year Built 1994
Lot Size 5.97 AC
Parking Ratio 1.26/1,000 SF
Zoning ZC1 - Intended to provide opportunities for small scale convenience commercial uses serving the local neighborhoods. Includes Retail, Hotel, Commercial

Amenities

  • 24 Hour Access
  • Atrium
  • Food Court
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning
  • Smoke Detector
  • On-Site Security Staff
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Exceptionally bikeable
90/100

Nearby Major Retailers

Anytime Fitness
Tim Hortons
H Mart
Royal Bank of Canada
BMO
TD Bank
T&T Supermarket
TD Canada Trust
Scotiabank
Starbucks
  • Listing ID: 30042493

  • Date on Market: 11/13/2023

  • Last Updated:

  • Address: 8181 Cambie Rd, Richmond, BC V6X 3X9

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