Located in Richmond, B.C., 11220 Horseshoe Way is an approximately 1-acre, fully leased industrial property offering exceptional site characteristics and income growth potential. The property is comprised of a 43,514 sq. ft site and is improved with a single storey (plus mezzanine), multi-tenant industrial building. Built in 1985, this well-maintained and professionally managed Property features a gross leasable area of 23,590 sq. ft. with clear heights of 21-22 feet, four dock-level loading doors and parking for 42 vehicles.
Using a strategic comprehensive marketing campaign, CBRE launched this property into the market, resulting in interest from several qualified parties and ultimately received a pre-emptive offer at our pricing guidance. The property transacted to a qualified local private investor who will see future income growth potential from this fully leased asset.