B.C. Industrial Portfolio - 5 Parcels
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B.C. Industrial Portfolio - 5 Parcels
5 Properties Offered at $32,153,242 in Multiple Locations
Investment Highlights
- Great Industrial Property Portfolio Investment Opportunity
- Approx. 12.02 Acres of Industrial Land
- Trophy Industrial Properties in the Lower Mainland and Okanagan, with Strategic Locations in the Kootenays and Northern B.C.
- Includes 5 Industrial Properties Located Throughout B.C.
- Approx. 78,871 SF of Leasable Industrial Space
- Each Property Includes a Significant Amount of Residual Land that will Allow for Further Densification Through Redevelopment
Executive Summary
The MCL Real Estate Group – RE/MAX Kelowna is pleased to present an outstanding opportunity to acquire a portfolio of 5 industrial properties located within BC. The properties are located at 2401 United Blvd in Coquitlam, 1505 Hardy St in Kelowna, 5130 Park Ave in Terrace, and 2229 & 2233 6th Ave in Castlegar.
The Portfolio of Industrial Properties is made up of 5 properties on 12.02 acres of land and contains 78,871 square feet of leasable industrial space. The Portfolio is well positioned within major commercial and industrial nodes in Coquitlam, Kelowna, Terrace and Castlegar (the Castlegar location is made up of two adjoining properties). Each property is located near a major transportation artery (Provincial Highway) making them ideal for the storage and movement of goods.
All the properties in the portfolio are industrial in nature, and all have industrial/warehouse type buildings on them, except for one property in Castlegar which is adjacent to a second property that does have a commercial building.
The portfolio is 100% leased and provides a strong cash flow for an industrial investor. The properties also contain a significant amount of residual land that will allow for further densification through redevelopment of the individual properties.
The industrial market in BC is hot and has remained so throughout the pandemic. There is a growing demand for industrial properties by both industrial investors and owner-occupiers. The tight demand and lack of available supply has pushed industrial prices to levels unseen in the past. This is especially true in the Lower Mainland and the Okanagan.
The sale of the properties will be on a portfolio basis and will not be sold in part or individually, and are offered on an as-is basis.
The Portfolio of Industrial Properties is made up of 5 properties on 12.02 acres of land and contains 78,871 square feet of leasable industrial space. The Portfolio is well positioned within major commercial and industrial nodes in Coquitlam, Kelowna, Terrace and Castlegar (the Castlegar location is made up of two adjoining properties). Each property is located near a major transportation artery (Provincial Highway) making them ideal for the storage and movement of goods.
All the properties in the portfolio are industrial in nature, and all have industrial/warehouse type buildings on them, except for one property in Castlegar which is adjacent to a second property that does have a commercial building.
The portfolio is 100% leased and provides a strong cash flow for an industrial investor. The properties also contain a significant amount of residual land that will allow for further densification through redevelopment of the individual properties.
The industrial market in BC is hot and has remained so throughout the pandemic. There is a growing demand for industrial properties by both industrial investors and owner-occupiers. The tight demand and lack of available supply has pushed industrial prices to levels unseen in the past. This is especially true in the Lower Mainland and the Okanagan.
The sale of the properties will be on a portfolio basis and will not be sold in part or individually, and are offered on an as-is basis.
Data Room Click Here to Access
- Offering Memorandum
- Kelowna - Floor Plan
- Kelowna - Virtual Walk-Through
- Castlegar - Floor Plans
- Castlegar - Virtual Walk-Through
- Coquitlam - Floor Plan
- Coquitlam - Virtual Walk-Through
- Terrace - Floor Plan
- Terrace - Virtual Walk-Through
Property Facts
| Price | $32,153,242 | Number of Properties | 5 |
| Price / SF | $304.59 / SF | Individually For Sale | 4 |
| Sale Type | Investment or Owner User | Total Building Size | 105,563 SF |
| Status | Active | Total Land Area | 10.25 AC |
| Price | $32,153,242 |
| Price / SF | $304.59 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 4 |
| Total Building Size | 105,563 SF |
| Total Land Area | 10.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1505 Hardy St, Kelowna, BC V1Y 7W9 | Land | 1.33 AC | - | $9,413,766 |
| 2401 United Blvd, Coquitlam, BC V3K 5Z2 | Industrial | 30,257 SF | 1978 | $18,827,533 |
| 2233 6th Av, Castlegar, BC V1N 2W1 | Industrial | 7,746 SF | 1975 | $725,208 |
| 5130 Park Av, Terrace, BC V8G 5S7 | Industrial | 67,560 SF | 1981 | $3,137,922 |
| 2229 6th Av, Castlegar, BC | Land | 0.21 AC | - | - |
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B.C. Industrial Portfolio - 5 Parcels
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