8218 North Fraser Way features the opportunity to acquire, as an investment, a near new strata industrial unit built by the Beedie group in late 2016. The property is prominently located in the Big Bend neighbourhood of South Burnaby, directly south of South East Marine Drive. The property offers a rare ownership opportunity directly neighbouring the Vancouver-South Burnaby border, and in close proximity to the Vancouver International Airport, Highway 17, Highway 91, the Trans-Canada Highway, transit services, new industrial developments, and walking distance to major retail amenities. This well maintained strata unit has excellent long term value appreciation potential and a strong tenant producing stable cash-flow. The Property is tenanted by Premium Liquid Labs Inc. (www.premiumlabs.ca) who’s lease expires August 31st, 2022.The tenant has one (1) option to renew for five (5) years with the rental rates in the renewal term not to be less than the annual rent payable during the last year of the lease term. The property produces $152,000.00 of Annual Net Income, which increases during the term. The tenant is responsible for paying Operating Costs & Taxes. FEATURES -2 Dock & 1 Grade with 40,000 lbs mechanical levelers -500 lbs/sf floor load capacity -26’ clear ceiling height -ESFR sprinklers -200 amps at 347/600 volts power -T5 high efficiency lighting -2 washrooms (1 on each level) -2 lunchrooms (1 on each level) -13 parking stalls
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