Still Creek industrial investment property sold for $5.75 million
The four-unit warehouse sold for $1.4 million per unit
Copyright © Western Investor
A multi-tenant industrial facility has sold for $5.75 million, according to Avison Young Vancouver.
The fully-leased, recently renovated property is 26,400 square feet situated on a 1.57 acre lot. The warehouse has seven grade loading doors with 23ft ceilings. The property has a net-operating income of $267,970.
The warehouse is within the Still Creek industrial area of North Burnaby, between Lougheed and Trans-Canada Highway. This area allows for quick and convenient access throughout Metro Vancouver. This area is easily accessible by regular bus service along Douglas Road, and is an approximately ten minute walk from the Holdom SkyTrain Station.
The property is located at 2984 Norland Ave., Burnaby.
No. of Units: 4
Lot Size: 1.57 acres
Property Type: Industrial
2016 B.C. Assessment Value: $4,812,000
Name of Brokerage: Avison Young
Do you have a Done Deal you'd like to promote? Submit here for a free posting!