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3140 Gilmore Diversion 16,496 SF Industrial Building Burnaby, BC V5G 3B4 For Sale
INVESTMENT HIGHLIGHTS
- 14 minute walk to Gilmore station
- High density population centers of Brentwood and Metrotown
- Significant density planned for the immediate area
EXECUTIVE SUMMARY
Opportunity to acquire a 100% freehold interest in 3140 Gilmore Diversion, Burnaby, BC (the “Property”). The Property is located in the Canada Way Corridor of North Burnaby offering quick access to the Trans-Canada Highway and Gilmore skytrain station.
With prominent exposure to Gilmore Diversion, located just south of the Trans-Canada Highway, the Property is currently improved with a 16,800 sq. ft. industrial building fully leased to EMCO Corporation, lease expiry is September 30th 2028 ( no renewal option)
The City of Burnaby is in support of a rezoning from M1 Manufacturing District to CD Comprehensive Development based on the M5 Light
Industrial District zoning. If increased flexibility in use is desired, M2 General Industrial could also be added.
With prominent exposure to Gilmore Diversion, located just south of the Trans-Canada Highway, the Property is currently improved with a 16,800 sq. ft. industrial building fully leased to EMCO Corporation, lease expiry is September 30th 2028 ( no renewal option)
The City of Burnaby is in support of a rezoning from M1 Manufacturing District to CD Comprehensive Development based on the M5 Light
Industrial District zoning. If increased flexibility in use is desired, M2 General Industrial could also be added.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 16,496 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Manufacturing | Year Built | 1970 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.00 AC | Parking Ratio | 2.18/1,000 SF |
| Zoning | M1 - (Manufacturing District). This zoning provides for accommodation of light manufacturing. | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.00 AC |
| Rentable Building Area | 16,496 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | M1 - (Manufacturing District). This zoning provides for accommodation of light manufacturing. |
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (73)
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3140 Gilmore Diversion
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