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Main Photo: 7435 LOWLAND Drive in Burnaby: Big Bend Industrial for sale (Burnaby South)  : MLS?# C8021793
Status:
Active
Prop. Type:
Industrial
MLS® Num:
C8021793
Build. Type:
Freestanding
OWNER-OCCUPIER OR INVESTOR OPPORTUNITY. This multi-tenanted freestanding industrial building is situated on 1.151 acres in the Big Bend area of South Burnaby. Recent property upgrades include: asphalt patching of the driveway and parking lot areas, fire code upgrades, and replacement of a grade loading door. The Vendor will provide the option of preforming approx. $322,805 of structural steel and slab replacement work once a firm deal is secured. Building is split into 4 units (approx. 8,000 SF each). The property is currently property managed and generates $297,720.96 of gross annual income. Current rental rates are significantly below market with the leases up for renewal in 2021. Unit 7441 is occupied on month-to-month basis only and can be marketed for lease or occupied by the purchaser.
Sale Type:
Asset
Property Type:
Industrial
Construction:
Concrete, Precast
Building Type:
Freestanding, Manufacturing, Warehouse
Year built:
1976 (Age: 43)
Total Floor Area:
0.73 acre(s)
Office Size:
12,000 sq. ft.
Mezzanine Size:
6,000 sq. ft.
Wrhse Size:
20,000 sq. ft.
Land Use/Zoning:
M-2
Taxes:
$64,971.62 / 2018
Mezzanine, Outside Storage, Paved Yard, Visitor Parking, Fenced Yard
HVAC:
Forced Air
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
  • Photo 1: 7435 LOWLAND Drive in Burnaby: Big Bend Industrial for sale (Burnaby South)  : MLS?# C8021793
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Listed by CBRE Limited
Listing information last updated on October 26, 2018 at 12:05 AM (UTC)
CHARLES ZHOU PERSONAL REAL ESTATE CORPORATION