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11951 Mitchell Rd 23,922 SF Industrial Building Richmond, BC V6V 1M7 For Sale
Investment Highlights
- Clean phase II environmental report just received (Dec 2025)
- Flexible zoning supporting a wide range of permitted industrial uses and diverse tenant roster generating stable holding income
- High-traffic location with prominent exposure on Mitchell Road
- Pliable lease provisions with a WALT under 1 year, enabling immediate IPP repositioning or diverse end-user applications
- Heavy 3-phase power and independently metered units
- Approximately 20,000 sf + of secured rear yard space and vacant caretaker suite with river views
Executive Summary
*Revised pricing guidance & clean phase II environmental report (December 2025)* Well positioned, 25,189 square foot warehouse on 1.06 acres within Richmond’s Mitchell Island industrial node, featuring 16 individual units with independent metering, heavy 3-phase power, 200ft of Fraser River frontage, 20,000 sf + of secured rear yard, caretaker suite and multiple covered storage structures. Currently configured for multi-tenant occupancy/segmented uses, the property offers workability for value-add investors (mark-to-market: 58%) and end users (WALT less than 1 year) seeking a combination of warehouse and yard space in a high-exposure location with exceptional connectivity throughout the Lower Mainland and to the U.S. border. 61% of the NLA is available as of December 31, 2025 and the balance of NLA is available in intervals throughout 2026/2027.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1956/2015 |
| Property Subtype | Warehouse | Parking Ratio | 1.46/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 1.06 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 23,922 SF | No. Drive In / Grade-Level Doors | 17 |
| Zoning | I - Industrial Zone - The zone provides for a broad range of general and heavy industrial uses, with a range of compatible uses. | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.06 AC |
| Rentable Building Area | 23,922 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2015 |
| Parking Ratio | 1.46/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 17 |
| Zoning | I - Industrial Zone - The zone provides for a broad range of general and heavy industrial uses, with a range of compatible uses. |
Amenities
- 24 Hour Access
- Signage
- Waterfront
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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11951 Mitchell Rd
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