275 Fell Ave - Service FOR SALE


North Vancouver, BC V7P 3R5
$17,000,000 CAD
604-608-5971
275 Fell Ave, North Vancouver, BC for Sale
$17,000,000 CAD
Service - FOR SALE
1/4
null | 3.31% Cap Rate

275 Fell Ave
North Vancouver, BC V7P 3R5


HIGHLIGHTS

  • Fully leased mixed-use facility with no historical vacancy
  • 20% rental upside and short WALT for repositioning flexibility.
  • Located in Harbourside near North Shore Automall and Capilano Mall.
  • Dock loading and ample power support diverse tenant uses.
  • Mixed Employment zoning supports redevelopment potential.
  • Surrounded by high-income demographics and growing population.

OVERVIEW

275 Fell Avenue presents a rare opportunity to acquire a high-quality, free-standing mixed-use facility in North Vancouver’s tightly held Harbourside industrial corridor. Spanning 31,290 square feet on a 1.17-acre site, this asset combines scale, functionality, and location appeal, making it a compelling investment for buyers seeking long-term stability and upside potential. The property is fully leased to five tenants with no historical vacancy and a weighted average lease term of 1.6 years as of January 2026, offering immediate income and a 20% upside in rents. With dock loading, ample power supply, and 63 on-site parking stalls, the building supports a wide range of industrial, office, and service uses. The site’s Mixed Employment zoning aligns with the City of North Vancouver’s Official Community Plan, encouraging economic activity and future redevelopment. Strategically located steps from Marine Drive and minutes from Highway 1 and Lions Gate Bridge, the property offers seamless access to downtown Vancouver and West Vancouver. It is also adjacent to the North Shore Automall and within walking distance of Capilano Mall, which is undergoing a transformative redevelopment that will introduce thousands of new residential units and significant commercial space—further enhancing the area’s vibrancy and demand. With strong demographics, including an average household income exceeding $140,000 within a 3km radius and projected population growth of over 11% in five years, 275 Fell Avenue is positioned to benefit from sustained market momentum and evolving urban dynamics.

FOR SALE DETAILS

PRICE

$17,000,000 CAD

PRICE/SF

$543 CAD /SF

CAP RATE

3.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

Lighting - Fluorescent

CLEAR CEILING HT

22 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17

LAND SF

50,965

ZONING

CD-282

APN/PARCEL ID

019-113-421

ASK ABOUT THIS PROPERTY

Blake GozdaCushman & WakefieldMore Info
604-608-5971

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Blake GozdaCushman & WakefieldMore Info
604-608-5971

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