Fully Leased Medical Building in New Westminster’s Sapperton Neigbourhood | $6.75M  Transaction

Property Overview

The two-story medical office building is fully leased to reputable tenants, including the BC Centre for Disease Control, Provincial Health Services Authority, and Mountain View Health Clinic. The property generates stable rental income while offering long-term redevelopment potential. Its C-2 zoning allows for a mix of commercial uses, including healthcare services, retail, and professional offices. This acquisition presented the buyer with an immediate opportunity to house their growing business while securing an asset with strong appreciation potential in one of Metro Vancouver’s most promising redevelopment districts.

Neighborhood Benefits

Sapperton, a thriving district in New Westminster, is undergoing rapid transformation, largely driven by the $1.35 billion expansion of Royal Columbian Hospital. This medical facility serves as a key economic anchor, attracting healthcare-related businesses and commercial investments to the area. With its proximity to Sapperton SkyTrain Station and direct access to Highway 1, the location ensures seamless connectivity for businesses and employees alike. Additionally, the nearby Brewery District continues to grow, adding vibrant retail, dining, and residential developments that contribute to the neighborhood’s long-term appeal.

Client Relationship and Market Strategy

Sam Emam and his team have built a longstanding relationship with this client, assisting them with multiple transactions over the years. For this deal, the client required a property that would not only support their existing business operations but also serve as a lucrative redevelopment opportunity in the future. Understanding these dual objectives, Sam and his team conducted a meticulous market analysis, identifying properties that met the client’s criteria. They engaged directly with property owners and leveraged in-depth market knowledge to negotiate the optimal price. Through persistent negotiation and strategic planning, they successfully secured the property at a favorable price, ensuring both immediate usability and long-term investment value for the client.

Market Insights

New Westminster’s commercial real estate market remains strong, particularly in areas like Sapperton, where healthcare and transit-oriented development drive demand. The ongoing expansion of Royal Columbian Hospital further enhances the desirability of nearby properties, making investments in this district highly strategic. With increasing population growth and infrastructure improvements, well-located assets such as 237 East Columbia Street are expected to experience steady appreciation, making them ideal for investors looking for both stable cash flow and long-term development potential.

Conclusion

This acquisition highlights Sam Emam’s ability to identify high-value investment opportunities and navigate complex negotiations to achieve the best outcomes for his clients. By securing a fully leased medical office building with strong redevelopment potential, Sam and his team once again demonstrated their expertise in helping clients make informed, strategic real estate decisions that align with both their immediate and future goals.

Testimonial