- What A 51,000 sq ft warehouse is on the block for lease or sale
- Why The property is in a sought-after industrial area
- What next There’s potential to expand the warehouse floor space
An industrial property in Metro Vancouver is on the market for $23.4m.
The valuation for the 51,000 sq ft warehouse on 2 acres at 8985 Fraserwood Court in Burnaby works out to $462/sq ft. Avison Young has the marketing assignment. The property is also listed for lease at $19.75/sq ft.
The property, zoned M2, is in Burnaby’s Big Bend industrial area. According to marketing materials, about 6,000 sq ft of office space in the structure can be converted into more warehouse room.
The warehouse has 22-foot ceilings, three dock-level loading doors and three grade-level loading doors. Heated by forced air units, the building also has patios, views of the Fraser River and trails nearby. It’s 14 km southeast of downtown Vancouver and 7 km from access to Highway One.
The sales campaign touts the location as one of the most sought-after industrial areas in Metro Vancouver, with quick access to Boundary Road and Marine Way.
