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7328 Arcola St 23,956 SF Office/Retail Condo Unit in Burnaby, BC V5E 0A8
INVESTMENT HIGHLIGHTS
- High profile corner location with 244 feet of frontage onto Edmonds Street.
- The Property is ideally located in a densely populated neighbourhood near many schools, parks, restaurants, services, and community amenities.
- 100% leased to a mix of retail, office, and medical tenants.
- Exceptional exposure onto Edmonds Street and Kingsway -a major thoroughfare in the city of Burnaby providing direct access to the neighbouring cities.
- Situated near the Edmonds SkyTrain Station (1 km), providing convenient rapid transit connectivity throughout Metro Vancouver.
- Excellent access to public transit, with major bus routes operating along Kingsway and the nearby Edmonds SkyTrain Station.
PROPERTY FACTS
| Total Building Size | 684,460 SF | Typical Floor Size | 24,445 SF |
| Property Type | Multifamily (Condo) | Year Built | 2009 |
| Property Subtype | Apartment | Lot Size | 2.21 AC |
| Building Class | B | Parking Ratio | 0.08/1,000 SF |
| Floors | 28 | ||
| Zoning | C3 - General Commercial District | ||
| Total Building Size | 684,460 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 28 |
| Typical Floor Size | 24,445 SF |
| Year Built | 2009 |
| Lot Size | 2.21 AC |
| Parking Ratio | 0.08/1,000 SF |
| Zoning | C3 - General Commercial District |
1 UNIT AVAILABLE
Unit 7315
| Unit Size | 23,956 SF | Sale Type | Investment |
| Condo Use | Office/Retail |
| Unit Size | 23,956 SF |
| Condo Use | Office/Retail |
| Sale Type | Investment |
SALE NOTES
Price, Cap Rate, and NOI disclosed upon a signed CA.
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire the commercial podium at Esprit 1 (the “Property”) located at the high traffic intersection of Edmonds Street and Kingsway in Burnaby’s Edmonds neighbourhood. The Property comprises one air space parcel totaling 52,676.42 square feet which includes 23,956 sq. ft. of leasable area. A diverse mix of tenants occupy the fully leased Property with lease expiry dates ranging from 2025 to 2034.
The Property is the commercial component of BOSA Properties’ Esprit 1, a 28-story mixed-use building with 171 residences. The immediate area provides an ample offering of desirable shops, services, and restaurants along the Kingsway corridor and into the nearby city of New Westminster. Conveniently accessible via walking and vehicle distance from the surrounding residential communities, the Property’s location is transit-oriented with numerous bus routes operating along Kingsway daily and the Edmonds SkyTrain Station located a 3 minute drive away.
This offering presents investors with an exceptional opportunity to acquire a fully leased commercial property that is ideally located in a vibrant and growing community in southeast Burnaby.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 320 | - | 850 - 1,114 |
CONTACTS
-
Andrew Gormley -
Jon Buckley -
Mario Negris -
Martin Moriarty -
Tate Venier -
Marcus & Millichap
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7328 Arcola St
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