49.21902 -122.979294

7147 RUSSELL AVENUE Burnaby, BC V5J 4R8

226570715 49.21902 -122.979294 734 /listing/226570715-150112754/7147-russell-avenue-burnaby-bc-v5j-4r8 False 0 1790000.0 3527 101 C8022444 False
  • $1,790,000
  • 3,527 sqft

Property & Neighborhood Info

Courtesy Of RE/MAX Central

Commercial in Burnaby

Great Investment Property!! M4 Zoned 2 Level Warehouse Building with over 4.1% Cap Rate near Metrotown, with 2,509 SQ FT of Warehouse/Office Space on main level, 867 SQ FT of Office Space on the Second level and additional Storage Space of 151 SQ FT Property! The Building is currently Leased out to an Automotive Repair Shop for $5500/MO NNN for 5 Years + 5 Year Renewal, Leased Commenced September 2018, with 1.8% Escalations every Year! Gross Property Taxes including Utilities is $14,712.50 for 2018. There is a second Tenant Upstairs Leasing 1 Large Office Space for $700/MO Gross including Utilities! Currently, there is 200 Amp Single Phase Power in the Building, however Power can be Upgraded to 3 Phase at a reasonable cost. The Fixtured Auto Repair Tools in the Automotive Repair Shop must be purchased for an additional $50,000.

Courtesy Of RE/MAX Central
  1. 3,527 Sq. Ft.

Main Features

  • Listing Status: Active
  • MLS® Number:C8022444

Additional Features

  • Style:
    • Industrial
  • Floor Area Fin - Main Flr:
    • 0
  • Short Region Code:
    • Vancouver
Neighborhood info courtesy of Homes.com © 2019
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Johnson Syyong
Johnson Syyong
Personal Real Estate Corporation
Associate
110, 6086 Russ Baker Way Richmond BC V7B 1B4
49.21902 -122.979294

7147 RUSSELL AVENUE Burnaby, BC V5J 4R8

226570715 49.21902 -122.979294 734 /listing/226570715-150112754/7147-russell-avenue-burnaby-bc-v5j-4r8 False 0 1790000.0 3527 101 C8022444 False
  • $1,790,000
  • 3,527 sqft