Listings Type: Sale
The subject property is situated in the Still Creek Industrial Area of North Burnaby, a Light Industrial Office Warehouse area, which enjoys quick and easy access to all points in the Lower Mainland via The Trans-Canada and The Lougheed Highways. Still Creek Avenue has been recently upgraded to 4 lanes and now provides direct access west to Willingdon Avenue and Brentwood Town Centre.
INVESTMENT INCOME: The Tenant base rent is $40,404.00 per year triple net. Included in the price the Landlord will buy the Lease Rate up to market value at $21.00 per sq. ft. or $60,606.00 per year Triple Net. Lease expires February 28, 2024 – no further Tenant option periods
Specifications
Sale Price: $2,020,200.00
Property Taxes: $8,196.50 (2021)
Strata Fees: $543.23 per month
Total Area: 2,886 sq. ft.
Zoning: M-2: Light Industrial, allowing for light manufacturing, assembly, warehousing, wholesale and office.
Parking: Four (4) parking stalls plus loading bay plus visitor parking
Brochure
Features:
Main Floor Office/Showroom
– Lots of windows for natural light
– Open area reception and work area
– Coffee bar (no sink)
– One (1) handicap accessible washroom
– Security bars in windows
Second Floor Office
– Lots of windows for natural light
– Open area plan
– One (1) private office
– One (1) private washroom
– Coffee bar (sink can be added)
Main Floor Warehouse
– Grade level loading 10’ x 14’ (approx.)
– 20’ clear ceiling heights
– Gas fired heater unit
– 3 phase 100 AMP electrical service
– Racking systems can be provided should Tenant like
Map
A1 - 5279 Still Creek Avenue, Burnaby, B.C.
For Further Details Contact
Peter Hall*
*Personal Real Estate Corporation
T: (604) 718-7303
E: peter@davieshall.ca
Steve Hall
T: (604) 718-7317
E: steve@davieshall.ca
Braden Hall
T: (604) 718-7302
E: braden@davieshall.ca
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