SOLD: 5500 Kingsway, Burnaby, B.C.
Property Highlights
- 100% freehold interest in a centrally located retail property
- Fully leased to Steve Nash Fitness World until 2019 w/ one 5-year renewal option at market
- Currently below market rental rate
- Generous contractual rent growth
- Covenant strength facilitates financing availability
- Situated on Kingsway, one of the Lower Mainland’s most active corridors and adjacent Metrotown, a rapidly growing town centre area
- High quality construction on a 32,701 SF site
- OCP identifies site for future redevelopment to mixed-use (2.2 FAR)
