23251 Fraserwood Way - Warehouse CONDO FOR SALE


Richmond, BC V6V 1E3
$1,425,000 CAD
604-647-5093
23251 Fraserwood Way, Richmond, BC for Sale
$1,425,000 CAD
Warehouse CONDO - FOR SALE
1/20
null | Request Cap Rate

23251 Fraserwood Way
Richmond, BC V6V 1E3


HIGHLIGHTS

  • Concrete tilt-up industrial unit constructed in 2022 within Catalina Corporate Centre.
  • 26-foot clear ceiling height and one grade loading door (12' W x 14' H).
  • Strategically located near Highway 91, Westminster Highway, and 20 minutes from the Vancouver International Airport.
  • Long-term cash flow security with tenancy in place until April 2029.
  • Equipped with 200-amp, 3-phase power, gas heating, and HVAC to the mezzanine.
  • Conveniently positioned near major distribution corridors and service amenities.

OVERVIEW

Positioned within Catalina Corporate Centre in Richmond, this modern light industrial unit offers a compelling opportunity for investors seeking secure rental income and long-term upside. The 3,240 SF corner unit features contemporary design, quality finishes, and highly functional space, including a shell mezzanine and warehouse configured for efficiency. Currently tenanted by a quality operator until 2029, this property delivers stable cash flow from day one. Strategically located just minutes from Highway 91 and Westminster Highway, the asset benefits from exceptional connectivity to major markets throughout Metro Vancouver. YVR International Airport is only 20 minutes away, with Downtown Vancouver accessible within 35 minutes. The property is insulated with concrete tilt-up panels, equipped with a 26’ clear ceiling height, grade loading access, and two dedicated parking stalls, offering a fully adaptable layout for a range of industrial uses. With robust proximity to Burnaby, Delta, and New Westminster, this zoning supports manufacturing, warehousing, and distribution users. A rare investment in a high-demand submarket, this asset combines modern construction with prime accessibility, positioning it as a valuable addition to any industrial portfolio.

FOR SALE DETAILS

PRICE

$1,425,000 CAD

PRICE/SF

$440 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Building 2

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

36,454 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

IL

APN/PARCEL ID

011-082-488,031-887-520,031-887-538,031-887-546,031-887-554,031-887-562,031-887-571,031-887-589,031-887-597,031-887-627

ASK ABOUT THIS PROPERTY

Bryn CartwrightAvison YoungMore Info
604-647-5093

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Bryn CartwrightAvison YoungMore Info
604-647-5093

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