1780 McLean Avenue

Industrial for Sale
Catylist Listing ID: 30635534
Property Subtypes: Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 28,167 SF
Gross Building Area: See Agent
Gross Land Area: 1.16 Acres
Sale Price: $7,750,000
Unit Price: $275.14 PSF
Ceiling: 18 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2020

Overview / Comments

• 18 independent units fully leased to 14 tenants
• Grade level loading
• Approximately 18’ clear ceiling heights in warehouse area
• Fully sprinklered
• 3-phase electrical service
• Fully landscaped grounds
• On-site and street parking
• Recently replaced roof and steel parapets
• Recently painted exterior
• Below-market rents

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Taxing Authority: Port Coquitlam
Parcel ID: 004-009-487
Zoning: M3
Area Description: The subject property is situated at the southeast corner of McLean Avenue and Brown Street, directly across from the Cat & Fiddle Pub. McLean Avenue leads directly to Pitt River Road and the Lougheed Highway and is just 30 minutes east of Downtown Vancouver. The Port Coquitlam industrial market has historically been one of the best performers in the Lower Mainland and is characterized by very low vacancy rates and virtually no available undeveloped land. Recently, several large industrial occupiers have committed to relocating to the immediate area including Saputo, Staples and Lordco Auto Parts.
Tenancy: Multiple Tenants
Property Condition: Good
Construction/Siding: Block, Concrete
Parking Type: Surface
Sprinklers: Wet
X-Phase: 3
Heat Type: Electricity, Natural Gas
Zoning Description: M-3 Clean Industrial, allowing a wide array of warehousing, light manufacturing and distribution uses, as well as commercial indoor recreation, pet daycares and certain office uses.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 155 DISTRICT LOT 255 GROUP 1 NEW WESTMINSTER DISTRICT PLAN 50164

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Contact

Photograph of Listing Agent

Kevin J Volz

Personal Real Estate Corporation
Cushman & Wakefield Commercial First Member
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