12791 Clarke Place is a well-maintained, two-storey industrial building located just off Bridgeport Road in Richmond, B.C. Situated on an expansive 1.50-acre site, the property currently features two reputable food production tenants and one vacant unit comprising 27,459 sq. ft. of predominately office space over two floors. The property was positioned to the market as a value-add opportunity for income enhancement through leasing up the vacant space and leveraging market rental rates. The Property’s excellent clearance heights of 20 feet and proximity to the Bridgeport Road commercial corridor enhanced the attractiveness of the asset. Additionally, the Property allows the purchaser to capitalize on the strength of Metro Vancouver’s industrial market, which is currently undersupplied and experiencing record-low vacancy.
Due to the strength and uniqueness of this asset, CBRE was able to transact this property to a private investment firm in Canada.