物业类型：Retail, Development Site, Shopping Mall
面积(平方英尺)： 10.18 Acres
Valley Fair Mall is the premier shopping destination in the Town Centre of the City of Maple Ridge, one of Metro Vancouverâ€™s fastest-growing municipalities. The extremely well-located centre, with over 700 ft. of exposure on Lougheed Highway, provides 139,297 net rentable sq. ft. of high-performing retail on a 10.18 acre medium to high density zoned site. It is anchored by some of Western Canadaâ€™s most prominent retailers being Save-On-Foods, London Drugs, BC Liquor Store, TD Canada Trust, Starbucks and Red Robin Restaurant.
The Property is 98.3% occupied with average tenant sales of $852 PSF and one of the best performing Save-On-Foods locations in Metro Vancouver with sales of over $1,000 PSF. The five largest tenants occupy almost 75% of the centre and provide 70% of the stable and secure income.
The Property is currently built to a 0.41 FSR, but the C-3 zoning provides significant value add potential permitting a 4 FSR for residential, so there is immediate potential for high-rise infill development and exceptional long-term high-density redevelopment potential for the entire site.
Valley Fair Mall provides secure income from strong covenant tenants, located in a well-maintained centre in a high-profile location in an affordable, rapidly growing community!