5270 Imperial St - Manufacturing FOR SALE


Burnaby, BC V5J 1E4
$3,750,000 CAD
604-640-5889
5270 Imperial St, Burnaby, BC for Sale
$3,750,000 CAD
Manufacturing - FOR SALE
1/8
null | 2.82% Cap Rate

5270 Imperial St
Burnaby, BC V5J 1E4


HIGHLIGHTS

  • Suitable for industrial, office, showroom, and retail users alike.
  • Transit Oriented Development site within 200 meters of the Royal Oak Skytrain station.
  • Central Royal Oak neighbourhood location with easy access to multiple markets.
  • Active, amenity rich and growing commercial and residential base in the area.
  • Direct front exposure onto Imperial Street and rear lane access.

OVERVIEW

Cushman & Wakefield ULC (“C&W”) is pleased to present the opportunity to acquire a freehold interest in 5270 Imperial Street, Burnaby, BC (the “Property”). The rectangular-shaped 8,050-SF property is improved with a free-standing single storey plus mezzanine, single-tenant, industrial building with approximately 4,605 SF of leasable warehouse, showroom, and office area. The building has the flexibility to be split in half with two electrical and natural gas metes, and separate entrances. There is a lease in place until March 31, 2027, with two (2) 3-year options to renew. Lease termination is possible with 12 months written notice to the tenant at anytime during any of the renewal periods. The single-story concrete block building is approximately 4,603 SF and is occupied by Wheat Cluster Bakery Corp. which is a wholesale and retail pita bread bakery and offers a wide variety of baked goods. They have made a large financial commitment to the building installing a state-of-the art pita bread baking system along with mixers and packaging equipment. The building is very well maintained and features concrete block construction, metal roof deck, steel Wilson joists and steel columns. The interior space offers an open plan warehouse with one column and is improved with showroom area, private offices, and 2 washrooms on the main level and 2 washrooms on the mezzanine office level. Serviced at the front by two (2) entrance doors and at the rear two (2) grade level loading doors facing the rear loading and parking area. The showroom and office areas are heated via electrical baseboards and the warehouse heating is gas fired forced air.

FOR SALE DETAILS

PRICE

$3,750,000 CAD

PRICE/SF

$814 CAD /SF

CAP RATE

2.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water, Sewer, Heating - Electric

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18

LAND SF

8,050

ZONING

M4

APN/PARCEL ID

012450201

ASK ABOUT THIS PROPERTY

Flavio UntiCushman & WakefieldMore Info
604-640-5889

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Flavio UntiCushman & WakefieldMore Info
604-640-5889

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