7147 Russell Ave

Burnaby, BC, V5J 4R8
MLS® #: C8022444
Frank Pupo, RE/MAX Central

$1,790,000

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Business Type: Industrial

Date Listed: Tue, Dec 04, 2018

Property Tax: N/A

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7147 Russell Ave

Burnaby, BC, V5J 4R8

$1,790,000

3527 sqft|Industrial
MLS® #: C8022444
Frank Pupo, RE/MAX Central

More to See

Property Description

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.

Details

Property Type: Commercial
Property Tax: N/A
Fees: N/A
Last Updated: Wed, December 12, 2018

Key Facts

MLS® #: C8022444
Style: Industrial
Ownership-Type: N/A
Year Built: N/A
sqft: 3527 SQFT
Date Listed: Dec 04, 2018
Lot Size: N/A
Occupancy: N/A
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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2019 Real Estate Board of Greater Vancouver. All Rights Reserved.

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RE/MAX Central

Burnaby, BC

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(604) 433-2211

PH: (604) 433-2211
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Introduction to Investing in Commercial Real Estate

[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2017 Commercial Investor Report, highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing in commercial real…

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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2019 Real Estate Board of Greater Vancouver. All Rights Reserved.