7147 RUSSELL AVENUE, Burnaby, British Columbia V5J4R8 Canada
- SQ. FEET3527
- PROPERTY TYPEIndustrial
Great Investment Property!! M4 Zoned 2 Level Warehouse Building with over 4.1% Cap Rate near Metrotown, with 2,509 SQ FT of Warehouse/Office Space on main level, 867 SQ FT of Office Space on the Second level and additional Storage Space of 151 SQ FT Property! The Building is currently Leased out to an Automotive Repair Shop for $5500/MO NNN for 5 Years + 5 Year Renewal, Leased Commenced September 2018, with 1.8% Escalations every Year! Gross Property Taxes including Utilities is $14,712.50 for 2018. There is a second Tenant Upstairs Leasing 1 Large Office Space for $700/MO Gross including Utilities! Currently, there is 200 Amp Single Phase Power in the Building, however Power can be Upgraded to 3 Phase at a reasonable cost. The Fixtured Auto Repair Tools in the Automotive Repair Shop must be purchased for an additional $50,000. (id:9345)...
Tranaction Type: For sale
Lease Per Unit: square feet
Zoning Description: M4
Constructed Date: 2018
Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.