Catylist ID: #30562313
FOR SALE | 31,529 Sq. Ft. A-Class Flex Industrial Office Building
Industrial for Sale
|Catylist Listing ID:||30562313|
|Property Subtypes:||Free-Standing, Industrial-Business Park, Mixed Use, Warehouse/Distribution|
|Building Size (RSF):||31,529 SF|
|Gross Building Area:||See Agent|
|Sale Price:||See Agent|
|Docks/Doors:||5 Docks, 3 Doors|
|Property Use Type:||Investment, Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
Overview / Comments
CBRE’s North Shore Specialists and Investment Properties Group have teamed together to present the opportunity to acquire 50 Fell Avenue, a professionally managed state-of-the-art A-Class flex industrial/office building located within the “Harbourside Business Park” and situated at the foot of the North Shore Auto Mall in the City of North Vancouver.
The property is improved with 31,529 sq. ft. of high-quality flex industrial and office space, approximately 21,835 sq. ft. of which is warehouse industrial space on the main floor featuring 24’ ceiling heights and minimal columns. The second floor features over 9,694 sq. ft. of modern office space’s with large boardrooms & kitchenettes.
The property is further improved with both dock loading and grade loading doors, an accessibility elevator providing access to the 2nd floor, over 6,000 sq. ft. of yard space on the North side of the property, and 42 surface parking stalls.
The Property is well positioned to take advantage of North Vancouver’s highly constrained industrial and office markets, with vacancy rates as low as 0.8% (2nd lowest vacancy rate in Metro Vancouver) and 3.2% respectively. Upwards pressure on rental rates has been increasing throughout 2019, and vacancy rates are expected to remain compressed in the coming year.
|Regional District:||Greater Vancouver|
|Zoning:||CD-360 (COMPREHENSIVE DEVELOPMENT)|
|Site Description:||50 Fell Avenue is ideally situated across the street from the North Shore Auto Mall in the Harbourside Business Park in the City of North Vancouver; a highly sought-after location for businesses given its waterfront location. The property is close to a variety of retail amenities & services along Marine Drive, including Capilano Mall; North Vancouver’s 2nd largest shopping center, and is within walking distance to Lonsdale Quay Market & SeaBus via the Spirit Trail or by transit, with Immediate access to public transportation directly outside of the property.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Construction/Siding:||Concrete - Tilt up|
|Total Parking Spaces:||42|
|Legal Description:||Lot 19, District Lot 2654, Land District 37, LMP 45092|
Yashar KhalighiCBRE Limited Commercial First Member
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