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.

4171-7199 McConnell Drive, Burnaby, BC

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

4171-7199 McConnell Drive is a 100%-leased industrial property strategically located in Burnaby, B.C. Comprised of a 93,976 Sq. ft. on a corner lot, this property includes a single-storey, multi-tenant industrial building. Constructed in 1973, this well-maintained property features a leasable area of 43,669 sq. ft. with a highly desirable building design, which includes front office space and real loading.

CBRE successfully delivered a bespoke and tailored global marketing campaign, generating interest from several local and international parties, including a pre-emptive offer at our pricing guidance. CBRE ultimately transacted this property to a qualified private buyer.

12371 Bridgeport Road

February 11, 2021 / by Matthew Yung / / 0 Comments

12371 Bridgeport Road is an industrial property located in Richmond, B.C. Through a competitive broker selection process, CBRE was selected as the most qualified listing agent for the court-ordered sale of the Property. Due to our global and domestic marketing capabilities and wide network of prospective purchasers, CBRE was able to conduct a successful full-scale marketing program, presenting the opportunity to a wide list of qualified investors to ensure maximum value would be achieved.

Through a rigorous court process, producing multiple unconditional offers, both the client (lender) and the court approved CBRE’s marketing efforts and granted authorization to proceed with the highest unconditional bid.

8651 Eastlake Drive

February 7, 2019 / by Matthew Yung / / 0 Comments

8651 Eastlake Drive is a rare, 100% leased industrial property located on 4.5 acres in the Lake City Business Park in Burnaby, providing an exceptional multi-level investor opportunity, through secure existing income, substantial future income growth from increasing below market in-place rents, and repositioning upside through potential stratification. The Property is well-positioned to benefit from the unprecedented strength in the extremely tight North Burnaby industrial market.

CBRE NIT-Vancouver successfully delivered a tailored and bespoke marketing campaign, which resulted in CBRE securing a major global real estate trust as the Purchaser, at a price that exceeded value expectations.