The property is improved with 31,529 sq. ft. of high-quality flex industrial and office space, approximately 21,835 sq. ft. of which is warehouse industrial space on the main floor featuring 24’ ceiling heights and minimal columns. The second floor features over 9,694 sq. ft. of modern office space’s with large boardrooms & kitchenettes.
The property is further improved with both dock loading and grade loading doors, an accessibility elevator providing access to the 2nd floor, over 6,000 sq. ft. of yard space on the North side of the property, and 42 surface parking stalls.
The Property is well positioned to take advantage of North Vancouver’s highly constrained industrial and office markets, with vacancy rates as low as 0.8% (2nd lowest vacancy rate in Metro Vancouver) and 3.2% respectively. Upwards pressure on rental rates has been increasing throughout 2019, and vacancy rates are expected to remain compressed in the coming year.
50 Fell Avenue, a professionally managed state-of-the-art A-Class flex industrial/office building located within the “Harbourside Business Park” and situated at the foot of the North Shore Auto Mall in the City of North Vancouver.
Address: 50 Fell Avenue, North Vancouver, BC
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- Purchase Price (CAD):
- Mortgage (CAD):
- Interest Rate (fixed):
- Debt Maturity:
- Rentable Area (sq. ft.): 32,000
- Site Area (acres): 1.28
- Number of Units: 8
- Floors: 2
- Main Industrial (sq ft): 21,835
- Second Office (sq ft): 9,694
- Parking: 42 surface parking stalls