Industrial Property in East Vancouver | $3.28M Transaction

Property Overview

Built in 1980, this newly renovated industrial property features a 6,278 sq. ft. building with 18.75 ft. ceiling clearance. The warehouse is well-equipped for various industrial uses, including manufacturing, distribution, and storage. Located in Vancouver’s Downtown Eastside, the property benefits from easy access to major transit corridors, the Port of Metro Vancouver, and key commercial hubs.

Neighborhood Benefits

Situated in East Vancouver, 1245 Frances Street provides excellent connectivity to key business districts. The property is near major arterial roads, including Clark Drive and Hastings Street, ensuring efficient transportation routes for industrial operations. Proximity to the Port of Vancouver makes it a valuable asset for logistics-based businesses. The surrounding neighborhood is an evolving commercial and industrial hub, attracting strong demand from investors and business owners.

Client Relationship and Market Strategy

The seller had previously worked with multiple brokers before choosing to work with Sam and his team, citing their market expertise, strategic marketing, and client-focused approach as key differentiators. Recognizing the urgency of the sale, Sam and his team swiftly prepared a comprehensive due diligence package within a week, ensuring all necessary reports and documentation were readily available for potential buyers. They then launched a multichannel marketing campaign that included direct outreach, paid advertising, and exposure on commercial real estate platforms to maximize visibility. Additionally, they conducted targeted phone qualifications and arranged private tours to attract serious buyers. This strategic approach resulted in four strong offers, with the final accepted offer exceeding the client’s expectations in both price and timeline.

Market Insights

Vancouver’s industrial real estate market remains highly competitive due to limited supply and increasing demand from investors and business owners. Properties in East Vancouver, particularly those with proximity to key transportation hubs and the Port of Vancouver, continue to attract significant interest. With ongoing urban redevelopment in the area, industrial properties like 1245 Frances Street offer long-term appreciation potential.

Conclusion

This transaction underscores Sam and his team’s ability to deliver superior results through strategic marketing, deep market knowledge, and expert negotiation. By securing an above-asking sale price with favorable terms, the team provided the client with a seamless and highly successful transaction.

Testimonial