164 5th Av W - Warehouse FOR SALE


Vancouver, BC V5Y 1H7- Mount Pleasant
$4,995,000 CAD
604-630-3373
164 5th Av W, Vancouver, BC for Sale
$4,995,000 CAD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

164 5th Av W
Vancouver, BC V5Y 1H7
Mount Pleasant


HIGHLIGHTS

  • The adjacent property, 188 West 5th Avenue, is available for sale. Contact listing agents for additional information.
  • Located in the Mount Pleasant neighborhood with proximity to Downtown Vancouver and Olympic Village.
  • I-1 zoning allows for diverse uses including laboratories, offices, and technology manufacturing.
  • Broadway Plan designation supports up to 4.5 FSR and approximately 27,175 sq. ft. of buildable area.
  • Currently leased to Catalera BioSolutions Inc. through Q4 2027, providing holding income.
  • Features include air-conditioned office space, grade-level loading, 3-phase 600-volt power, and 4 parking stalls.

OVERVIEW

The property at 164 West 5th Avenue, Vancouver is a 7,920 sq. ft. industrial building situated on a legally described parcel of Lot 2, Block 33, District Lot 200A, Plan 197 (PID: 015-557-634). The building comprises 4,925 sq. ft. on the main floor and 2,995 sq. ft. on the second floor and is zoned I-1, allowing for a broad range of uses including laboratories, general office, health care offices, and information and communication technology manufacturing. Located within the Broadway Plan’s Mount Pleasant Industrial Area – Area A (MIAA), the site benefits from a 4.5 FSR, offering approximately 27,175 sq. ft. of potential buildable area. The property is currently leased to Catalera BioSolutions Inc. with a lease expiry in Q4 2027 and no further renewal options. Improvements include a fully air-conditioned second-floor office with ample natural light, open-plan layout, boardroom, and kitchen, along with an air-conditioned main-floor production and laboratory area, grade-level loading, 3-phase 600-volt power, 12-foot ceiling heights, and four on-site parking stalls. 2025 property taxes are $61,836.30. The adjacent property, 188 West 5th Avenue, is available for sale. Contact listing agents for additional information

FOR SALE DETAILS

PRICE

$4,995,000 CAD

PRICE/SF

$631 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14

LAND SF

6,039

ZONING

I-1

APN/PARCEL ID

007-764-821

ASK ABOUT THIS PROPERTY

Don MussendenLee & Associates Commercial Real Estate ServiceMore Info
604-630-3373

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Don MussendenLee & Associates Commercial Real Estate ServiceMore Info
604-630-3373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.