About 2984 Norland Ave

Avison Young is pleased to present the opportunity to acquire 2984 Norland Avenue in Burnaby (the Subject Property ), comprising a fully leased, recently renovated multi-tenant industrial facility located in the Still Creek Area of North Burnaby. The Subject Property is improved with a 26,400 square foot concrete tilt-up building fully leased to four tenants with three of the tenants having recently signed new 5-year leases. TM Mobile Inc. (Telus) has a 5-year antenna lease with two 5-year renewal options.

The Subject Property is centrally located on the north side of Norland Avenue in the Still Creek industrial area of North Burnaby. Situated between the Lougheed and Trans-Canada Highway' s, this area allows for quick and convenient access throughout Metro Vancouver. This area is easily accessible by regular bus service along Douglas Road, and is an approximately 10-minute walk from the Holdom SkyTrain Station. The City of Burnaby recently improved Still Creek Avenue between Eastbrook Parkway and Westminster Avenue, thereby providing access to the Subject Property from the Trans-Canada Highway, via Willingdon Avenue.
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Russ Bougie

Avison Young

  • Property Type Industrial
  • Zoning M2
  • Status Existing
  • Sale Price $6,350,000
  • Net Operating Income $267,780
  • Total Available Space 26,400 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 26,400 SF
  • Max Contiguous 26,400 SF
  • Building Size 26,400 SF
  • Lot Size 68,825 SF
  • Year Built 1985
  • Clear Height 23.0
  • Flyer Download
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