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7224 Curragh Av 7,800 SF Industrial Building Burnaby, BC V5J 4V9 $3,160,580 USD ($405.20 USD/SF) 3.39% Cap Rate
Investment Highlights
- Single tenant, fully leased office/warehouse building
- Two grade level loading doors with terrific site and street parking
- Concrete-block and wood/steel office warehouse
Executive Summary
FOR SALE | The Airstream Building | Office/Warehouse
Opportunity to purchase a single tenant, fully leased office/warehouse building, one block south of Kingsway in the busy Royal Oak business district in Burnaby.
Built in 1979, the building is a concrete-block and wood/steel office warehouse with two grade level loading doors with terrific site and street parking.
The existing lease in place is with Airstream Heating and Air Conditioning Inc. at a current rent of $20 per SF per annum ($156,000) until expiry at December 31st, 2028 with no right of renewal.
Opportunity to purchase a single tenant, fully leased office/warehouse building, one block south of Kingsway in the busy Royal Oak business district in Burnaby.
Built in 1979, the building is a concrete-block and wood/steel office warehouse with two grade level loading doors with terrific site and street parking.
The existing lease in place is with Airstream Heating and Air Conditioning Inc. at a current rent of $20 per SF per annum ($156,000) until expiry at December 31st, 2028 with no right of renewal.
Property Facts
| Price | $3,160,580 USD | Lot Size | 0.28 AC |
| Price Per SF | $405.20 USD | Rentable Building Area | 7,800 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 3.39% | Year Built | 1979 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.13/1,000 SF |
| Building Class | B | Clear Ceiling Height | 18’ |
| Zoning | M-4 Special Industrial | ||
| Price | $3,160,580 USD |
| Price Per SF | $405.20 USD |
| Sale Type | Investment NNN |
| Cap Rate | 3.39% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.28 AC |
| Rentable Building Area | 7,800 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Tenancy | Single |
| Parking Ratio | 0.13/1,000 SF |
| Clear Ceiling Height | 18’ |
| Zoning | M-4 Special Industrial |
Amenities
- 24 Hour Access
- Bus Line
- Fluorescent Lighting
- Smoke Detector
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
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7224 Curragh Av
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