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Burnaby single-tenant office building sold for $4.2 million

The facility's primary use is warehousing but zoning can allow for dedicated office use
office building
Price: $4,188,000
Lot Size: 26,136 SF
Property Type: Office
Zoning: CD
2016 B.C. Assessment Value: $3,429,000
City: Burnaby 
Province: B.C. 
Name of Brokerage: Colliers International 
A single-tenant office building in Burnaby has sold for nearly $4.2 million, Western Investor has learned. 
The freestanding, 13,020-square-foot building has a strong corner presence. The building is used as a warehouse but can be rezoned to permit office as the principal use. The site has historically low operating costs and includes 21 parking stalls. The building has 18-foot ceilings and two roll-up grade loading doors. The property was listed on the market for $5.77 million and has an assessed value of $3.4 million. 
The property is located at 3939 North Fraser Way in the Big Bend Business Park Area.

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