1159 16th St W - Warehouse FOR SALE


North Vancouver, BC V7P 1M9
$5,500,000 CAD
604-640-5889
1159 16th St W, North Vancouver, BC for Sale
$5,500,000 CAD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

1159 16th St W
North Vancouver, BC V7P 1M9


HIGHLIGHTS

  • Suitable for industrial, office and retail users alike.
  • Multiple Front & Rear Grade Level Loading Doors.
  • Central Norgate neighbourhood location with easy access to multiple markets.
  • Active, Amenity rich & growing commercial and residential base in the area.
  • Direct front exposure onto West 16th Street and rear lane access.

OVERVIEW

Cushman & Wakefield ULC (“C&W”) is pleased to present the opportunity to acquire a freehold interest in 1159 16th Street West, North Vancouver, BC (the “Property”). The rectangular-shaped 11,880-sf property is improved with a free-standing single storey, single-tenant, industrial building with approximately 5,432-sf of leasable ground floor warehouse, showroom and office area. There is a lease in place until March 31, 2024, with no option to renew. The single-story concrete block building is approximately 5,432 sf and is occupied by Bartle & Gibson Co. Ltd. which is Western Canada’s leading independent distributor of plumbing, heating, and electrical products. The building features an exposed wood roof deck, wood joists and heavy laminated wood beams supported by concrete columns. The interior space offers mostly an open plan warehouse and is improved with showroom area, private offices, and washrooms. Serviced at the front by four (4) grade level loading doors and two (2) main entrance doors and at the rear three (3) grade level loading doors. The roof is torch on, warehouse heating is gas fired forced air and electrical is 200 amp single phase.

FOR SALE DETAILS

PRICE

$5,500,000 CAD

PRICE/SF

$1,013 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

7

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27

LAND SF

11,880

ZONING

E-Z-LI

APN/PARCEL ID

008-850-178

ASK ABOUT THIS PROPERTY

Flavio UntiCushman & WakefieldMore Info
604-640-5889

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Flavio UntiCushman & WakefieldMore Info
604-640-5889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.