- What A Vancouver warehouse is in play
- Why The property is between Highway One and downtown in a neighbourhood with flexible zoning
- What next Marcus & Millichap and Cushman & Wakefield have the marketing assignment
A fully occupied warehouse in Vancouver’s Port Town district has been listed for $25m.
The 37,000 sq ft property is at 1967 Triumph Street at the intersection of Semlin Drive. The price works out to about $673/sq ft. Marcus & Millichap has the marketing assignment.
The tenants are BC Hardwood, Bears Bloom and Reay’s Moving & Storage. All of the leases expire in 2025 or 2026.
Two of the units have 20-foot clear heights with the other at 14 feet. The building has four grade-level loading doors and one dock-loading door. The units also have office space.
The property is 4 km east of downtown Vancouver and 3 km west of access to Highway One. It’s near restaurants, microbreweries and cafes. The neighbourhood’s flexible zoning laws allowing for a density of 3.0 floor space ratio.
