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23251 Fraserwood Way - Building 2 3,240 SF Industrial Condo Unit Offered at $1,021,952 in Richmond, BC V6V 1E3



Investment Highlights
- Concrete tilt-up industrial unit constructed in 2022 within Catalina Corporate Centre.
- Strategically located near Highway 91, Westminster Highway, and 20 minutes from the Vancouver International Airport.
- Equipped with 200-amp, 3-phase power, gas heating, and HVAC to the mezzanine.
- 26-foot clear ceiling height and one grade loading door (12' W x 14' H).
- Long-term cash flow security with tenancy in place until April 2029.
- Conveniently positioned near major distribution corridors and service amenities.
Executive Summary
The property consists of a 3,240 SF corner unit within a modern industrial strata complex in Richmond. It includes a ground-floor warehouse and shell mezzanine and offers a grade loading door. Located near Highway 91 and Westminster Highway, the site provides connectivity to industrial nodes and core transportation routes across Metro Vancouver. The building includes tilt-up concrete construction, designated parking, and IL-Light Industrial zoning permitting manufacturing, warehousing, and distribution.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | No. Parking Spaces | 2 |
| Sale Type | Owner User |
| No. Parking Spaces | 2 |
Description
Unit 211 features one grade loading door measuring 12 feet wide by 14 feet high, along with a 26-foot clear ceiling height. The space is equipped with 200-amp, 3-phase, 120/208V electrical service and includes two designated parking stalls. Additional features include a gas-fired unit heater, ceiling fans, and a ground floor load capacity of 500 pounds. The building is constructed with insulated concrete tilt-up panels and provides HVAC service to the mezzanine level. It is conveniently located at the northwest corner of the complex.
Sale Notes
Positioned within Catalina Corporate Centre in Richmond, this modern light industrial unit offers a compelling opportunity for investors seeking secure rental income and long-term upside. The 3,240 SF corner unit features contemporary design, quality finishes, and highly functional space, including a shell mezzanine and warehouse configured for efficiency. Currently tenanted by a quality operator until 2029, this property delivers stable cash flow from day one.
Strategically located just minutes from Highway 91 and Westminster Highway, the asset benefits from exceptional connectivity to major markets throughout Metro Vancouver. YVR International Airport is only 20 minutes away, with Downtown Vancouver accessible within 35 minutes. The property is insulated with concrete tilt-up panels, equipped with a 26’ clear ceiling height, grade loading access, and two dedicated parking stalls, offering a fully adaptable layout for a range of industrial uses.
With robust proximity to Burnaby, Delta, and New Westminster, this zoning supports manufacturing, warehousing, and distribution users. A rare investment in a high-demand submarket, this asset combines modern construction with prime accessibility, positioning it as a valuable addition to any industrial portfolio.
Strategically located just minutes from Highway 91 and Westminster Highway, the asset benefits from exceptional connectivity to major markets throughout Metro Vancouver. YVR International Airport is only 20 minutes away, with Downtown Vancouver accessible within 35 minutes. The property is insulated with concrete tilt-up panels, equipped with a 26’ clear ceiling height, grade loading access, and two dedicated parking stalls, offering a fully adaptable layout for a range of industrial uses.
With robust proximity to Burnaby, Delta, and New Westminster, this zoning supports manufacturing, warehousing, and distribution users. A rare investment in a high-demand submarket, this asset combines modern construction with prime accessibility, positioning it as a valuable addition to any industrial portfolio.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 211 | 3,240 SF | Industrial | $1,021,952 USD ($315.42 USD/SF) | - |
Unit 211
| Unit Size |
| 3,240 SF |
| Condo Use |
| Industrial |
| Price |
| $1,021,952 USD ($315.42 USD/SF) |
| NOI |
| - |
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Unit 211
| Unit Size | 3,240 SF |
| Condo Use | Industrial |
| Price | $1,021,952 USD ($315.42 USD/SF) |
| NOI | - |
| Sale Type | Owner User |
| No. Parking Spaces | 2 |
| Description | |
| Unit 211 features one grade loading door measuring 12 feet wide by 14 feet high, along with a 26-foot clear ceiling height. The space is equipped with 200-amp, 3-phase, 120/208V electrical service and includes two designated parking stalls. Additional features include a gas-fired unit heater, ceiling fans, and a ground floor load capacity of 500 pounds. The building is constructed with insulated concrete tilt-up panels and provides HVAC service to the mezzanine level. It is conveniently located at the northwest corner of the complex.</li></ul> | |
| Sale Notes | |
| Positioned within Catalina Corporate Centre in Richmond, this modern light industrial unit offers a compelling opportunity for investors seeking secure rental income and long-term upside. The 3,240 SF corner unit features contemporary design, quality finishes, and highly functional space, including a shell mezzanine and warehouse configured for efficiency. Currently tenanted by a quality operator until 2029, this property delivers stable cash flow from day one.<br> Strategically located just minutes from Highway 91 and Westminster Highway, the asset benefits from exceptional connectivity to major markets throughout Metro Vancouver. YVR International Airport is only 20 minutes away, with Downtown Vancouver accessible within 35 minutes. The property is insulated with concrete tilt-up panels, equipped with a 26’ clear ceiling height, grade loading access, and two dedicated parking stalls, offering a fully adaptable layout for a range of industrial uses.<br> With robust proximity to Burnaby, Delta, and New Westminster, this zoning supports manufacturing, warehousing, and distribution users. A rare investment in a high-demand submarket, this asset combines modern construction with prime accessibility, positioning it as a valuable addition to any industrial portfolio.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 36,454 SF | Typical Floor Size | 36,454 SF |
| Property Type | Industrial (Condo) | Year Built | 2023 |
| Property Subtype | Warehouse | Lot Size | 2.87 AC |
| Building Class | B | Parking Ratio | 1.07/1,000 SF |
| Floors | 2 | ||
| Zoning | IL - Light Industrial | ||
| Total Building Size | 36,454 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 36,454 SF |
| Year Built | 2023 |
| Lot Size | 2.87 AC |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | IL - Light Industrial |
Amenities
- Front Loading
- Mezzanine
- Security System
- Shallow Bay
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting
- Heating
Somewhat walkable
20/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
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23251 Fraserwood Way - Building 2
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