Situated at #107, #108, & #109 23288 Fraserwood Way in Richmond, this industrial property offers a total of 9,402 square feet of combined industrial and office space. It has 6,330 Square feet of ground floor warehouse space and 3,072 sq ft of second floor office space. Comprising of three continuous strata units, the property is currently leased out to a single tenant at the prevailing market lease rate.

Investment Highlights

• Tenant Stability: The entire property is leased out to a single tenant, ensuring stable and consistent rental income.
• Market Lease Rate: Currently leased at the market lease rate, reflecting competitive pricing in the area.
• Lease Escalations: The lease agreement includes escalations, providing an additional layer of income growth for the investor.
• Appreciation Potential: With its strategic location and current market trends, the property presents an opportunity for appreciation over time. This is an an excellent investment opportunity for those seeking a stable income stream with growth potential. The combination of a strong lease agreement, escalations, and the property’s strategic location positions it as an attractive prospect in the competitive industrial real estate market.

Brand New Industrial Unit at Catalina Corporate Centre

• +/- 82,306 SF brand new industrial small bay warehouse space across two buildings
• IL light industrial zoning
• Insulated concrete tilt-up panels and built in concrete mezzanine
• 26′ clear ceiling height
• 12’w x 14’h front grade loading
• ESFR fire protection system
• Warehouse includes LED lighting and gas fired unit heaters and ceiling fans
• 200 amp at 120 volt, 3 phase electrical service per unit
• Ground level: 500 lbs/SF
• Mezzanine level: 100 lbs/SF