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275 Fell Ave 31,290 SF 100% Leased Industrial Building North Vancouver, BC V7P 3R5 $17,000,000 CAD ($543.30 CAD/SF) 3.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased mixed-use facility with no historical vacancy
- Located in Harbourside near North Shore Automall and Capilano Mall.
- Mixed Employment zoning supports redevelopment potential.
- 20% rental upside and short WALT for repositioning flexibility.
- Dock loading and ample power support diverse tenant uses.
- Surrounded by high-income demographics and growing population.
EXECUTIVE SUMMARY
275 Fell Avenue presents a rare opportunity to acquire a high-quality, free-standing mixed-use facility in North Vancouver’s tightly held Harbourside industrial corridor. Spanning 31,290 square feet on a 1.17-acre site, this asset combines scale, functionality, and location appeal, making it a compelling investment for buyers seeking long-term stability and upside potential.
The property is fully leased to five tenants with no historical vacancy and a weighted average lease term of 1.6 years as of January 2026, offering immediate income and a 20% upside in rents. With dock loading, ample power supply, and 63 on-site parking stalls, the building supports a wide range of industrial, office, and service uses. The site’s Mixed Employment zoning aligns with the City of North Vancouver’s Official Community Plan, encouraging economic activity and future redevelopment.
Strategically located steps from Marine Drive and minutes from Highway 1 and Lions Gate Bridge, the property offers seamless access to downtown Vancouver and West Vancouver. It is also adjacent to the North Shore Automall and within walking distance of Capilano Mall, which is undergoing a transformative redevelopment that will introduce thousands of new residential units and significant commercial space—further enhancing the area’s vibrancy and demand.
With strong demographics, including an average household income exceeding $140,000 within a 3km radius and projected population growth of over 11% in five years, 275 Fell Avenue is positioned to benefit from sustained market momentum and evolving urban dynamics.
The property is fully leased to five tenants with no historical vacancy and a weighted average lease term of 1.6 years as of January 2026, offering immediate income and a 20% upside in rents. With dock loading, ample power supply, and 63 on-site parking stalls, the building supports a wide range of industrial, office, and service uses. The site’s Mixed Employment zoning aligns with the City of North Vancouver’s Official Community Plan, encouraging economic activity and future redevelopment.
Strategically located steps from Marine Drive and minutes from Highway 1 and Lions Gate Bridge, the property offers seamless access to downtown Vancouver and West Vancouver. It is also adjacent to the North Shore Automall and within walking distance of Capilano Mall, which is undergoing a transformative redevelopment that will introduce thousands of new residential units and significant commercial space—further enhancing the area’s vibrancy and demand.
With strong demographics, including an average household income exceeding $140,000 within a 3km radius and projected population growth of over 11% in five years, 275 Fell Avenue is positioned to benefit from sustained market momentum and evolving urban dynamics.
PROPERTY FACTS
AMENITIES
- Signage
UTILITIES
- Lighting - Fluorescent
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (87)
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275 Fell Ave
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