6350 204th Street

April 7, 2022 / by Matthew Yung / / 0 Comments

6350 204th Street is an industrial building comprising 49,236 sq. ft. of net rentable area located within the Township of Langley’s Willowbrook commercial core. The property is 100% leased and provides a value-add opportunity for income enhancement through leveraging market rental rates, as the property’s existing average rental rates are significantly below market. 6350 204th Street is poised to benefit from its proximity to the recently announced extension of the SkyTrain Expo Line into Langley’s City Centre.

After communicating these benefits through a comprehensive global marketing campaign, CBRE successfully transacted this asset to a qualified private buyer in Vancouver.

12791 Clarke Place

April 7, 2022 / by Matthew Yung / / 0 Comments

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.

175 & 185 Golden Drive

July 7, 2021 / by Matthew Yung / / 0 Comments

Located in Coquitlam, B.C., 175 & 185 Golden Drive are two high-quality “Class A” industrial buildings offering over 164,000 sq. ft. of net rentable industrial space on a 6.3-acre site. Situated at the junction of Trans-Canada Highway 1 and Lougheed Highway, this property provides exceptional access throughout Metro Vancouver. This institutionally managed and 100% occupied space offers a strong and diverse national tenant roster in an unprecedented Metro Vancouver industrial market.

CBRE successfully delivered a bespoke marketing strategy which generated interest from several parties, ultimately transacting the property to a Canadian institutional investor.

13888 Wireless Way

May 12, 2021 / by Matthew Yung / / 0 Comments

13888 Wireless Way is an irreplaceable Class “AAA” office building offering exceptional curb appeal and long-term leases in Richmond, B.C. Built in 2008, this well-maintained 4.97-acre site offers 116,530 sq. ft of net rentable area. This institutionally managed suburban office offers large floorplates in a strong Metro Vancouver office market. With over 500 parking stalls, this property provides ample parking for tenants.

Due to the strength and uniqueness of this asset, CBRE was able to transact this property to a private real estate investment company.

11220 Horseshoe Way

May 12, 2021 / by Matthew Yung / / 0 Comments

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.