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 which resulted 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.