Cushman & Wakefield ULC (“C&W”) is pleased to present the opportunity to acquire a freehold interest in 1159 16th Street West, North Vancouver, BC (the “Property”). The rectangular-shaped 11,880-sf property is improved with a free-standing single storey, single-tenant, industrial building with approximately 5,432-sf of leasable ground floor warehouse, showroom and office area. There is a lease in place until March 31, 2026, with no option to renew.
The single-story concrete block building is approximately 5,432 sf and is occupied by Bartle & Gibson Co. Ltd. which is Western Canada’s leading independent distributor of plumbing, heating, and electrical products. The building features an exposed wood roof deck, wood joists and heavy laminated wood beams supported by concrete columns. The interior space offers mostly an open plan warehouse and is improved with showroom area, private offices, and washrooms. Serviced at the front by four (4) grade level loading doors and two (2) main entrance doors and at the rear three (3) grade level loading doors. The roof is torch on, warehouse heating is gas fired forced air and electrical is 200 amp single phase.
The Subject Property is located in the heart of the Norgate/Pemberton neighbourhood within the District of North Vancouver, with direct exposure onto West 16th Street and visible from Pemberton Avenue to the west and sits between Lloyd Avenue to the east. Within walking distance is a variety of shops, restaurants and services. The Property sits one block south of Marine Drive, a major east-west connector route from West Vancouver to North Vancouver. Vancouver International Airport is a 40-minute drive, Downtown Vancouver is a 10-minute drive via Lions Gate Bridge or a 20-minute Seabus ferry service from Lonsdale Quay. The immediate area surrounding the property and along Marine Drive is seeing significant mid-rise developments along with excellent retail and industrial service uses activity along Pemberton Avenue.