5502 Lougheed Hwy - Specialty FOR SALE


Burnaby, BC V5B 2Z8
$108,000,000 CAD
778-806-5056
5502 Lougheed Hwy, Burnaby, BC for Sale
$108,000,000 CAD
Specialty - FOR SALE
1/5
null | Request Cap Rate

5502 Lougheed Hwy
Burnaby, BC V5B 2Z8


OVERVIEW

HIGH-RISE DEVELOPMENT OPPORTUNITY ' 3rd Reading Approved - A premier 4.29-acre, transit-oriented high-rise development site located immediately beside Holdom Station on the Millennium Line, just one stop from Brentwood Town Centre. This rare offering presents a large-scale, high-density development opportunity in the rapidly evolving and highly desirable Brentwood neighbourhood. The existing project is nearly entitled with 3rd Reading approval in place, significantly reducing development risk and timeline. The current ownership group has completed plans for a three-tower project totaling over 1.3 million sq.ft. of proposed gross floor area. Drawings and reports upon request to qualified buyers, please contact listing agents for further information.

FOR SALE DETAILS

PRICE

$108,000,000 CAD

PRICE/SF

$1,679 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

201

LAND DETAILS

LAND ACRES

4.28 AC

LAND SF

186,437 SF

ZONING

M-2, P-2

APN/PARCEL ID

002-789-906

ASK ABOUT THIS PROPERTY

Jamie WallaceOakwyn Realty Ltd.More Info
778-806-5056

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Jamie WallaceOakwyn Realty Ltd.More Info
778-806-5056

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