5270 Imperial St 4,605 SF Industrial Building Burnaby, BC V5J 1E4 $3,600,000 CAD ($781.76 CAD/SF) 2.94% Cap Rate

Cushman & Wakefield ULC (“C&W”) is pleased to present the opportunity to acquire a freehold interest in 5270 Imperial Street, Burnaby, BC (the “Property”). The rectangular-shaped 8,050-SF property is improved with a free-standing single storey plus mezzanine, single-tenant, industrial building with approximately 4,605 SF of leasable warehouse, showroom, and office area. The building has the flexibility to be split in half with two electrical and natural gas metes, and separate entrances. There is a lease in place until March 31, 2027, with two (2) 3-year options to renew. Lease termination is possible with 12 months written notice to the tenant at anytime during any of the renewal periods.
The single-story concrete block building is approximately 4,603 SF and is occupied by Wheat Cluster Bakery Corp. which is a wholesale and retail pita bread bakery and offers a wide variety of baked goods. They have made a large financial commitment to the building installing a state-of-the art pita bread baking system along with mixers and packaging equipment. The building is very well maintained and features concrete block construction, metal roof deck, steel Wilson joists and steel columns. The interior space offers an open plan warehouse with one column and is improved with showroom area, private offices, and 2 washrooms on the main level and 2 washrooms on the mezzanine office level. Serviced at the front by two (2) entrance doors and at the rear two (2) grade level loading doors facing the rear loading and parking area. The showroom and office areas are heated via electrical baseboards and the warehouse heating is gas fired forced air.