Industrial Redevelopment Opportunity in Burnaby | $2.75M Transaction
Successful Sale of Industrial Redevelopment Opportunity in Burnaby
Case Study: Strategic Marketing to Maximize Property Value
On December 14, 2016, Sam Emam and his team successfully completed the sale of 5289 Lane Street for $2,750,000, achieving a price per buildable unit of $89,464. Their ability to position the property effectively, attract qualified buyers, and negotiate strong terms resulted in an outstanding outcome for the seller.
Transaction Details
- Sale Price: $2,750,000
- Sale Date: December 14, 2016
- Property Type: Industrial Building
- Price per Buildable Unit: $89,464
Property Overview
This industrial property was home to Burnaby Bag & Burlap for over 35 years, serving as a key manufacturing and distribution hub. The property was located in Burnaby’s Royal Oak District, an area experiencing rapid redevelopment. Given its flexible zoning and strong investment potential, the property attracted developers and industrial users alike.
Neighborhood Benefits
Burnaby’s Royal Oak District is a prime industrial and commercial hub with strong transportation infrastructure, high visibility, and proximity to major transit routes. The area’s growing demand for industrial and mixed-use development made this property a highly sought-after investment. Its easy access to the Royal Oak SkyTrain Station and major arterial roads added to its long-term value.
Client Relationship and Market Strategy
The owners of Burnaby Bag & Burlap made the decision to sell their long-held industrial properties to relocate their business. Given the site’s redevelopment potential, Sam and his team worked closely with the sellers to position the property effectively in the market. They prepared a comprehensive due diligence package, ensuring that environmental reports, tenancy details, and financials were readily available for buyers.
A multi-platform marketing campaign was launched, including direct investor outreach, paid advertising, and high-visibility placement on commercial real estate platforms. The team carefully screened potential buyers, ensuring only serious investors with redevelopment experience were considered. Through skilled negotiations, they secured a competitive offer that aligned with the seller’s pricing and timeline expectations, leading to a seamless transaction.
Market Insights
The industrial real estate market in Burnaby’s Royal Oak District remains highly competitive, with low vacancy rates and increasing investor interest in redevelopment sites. Properties with holding income and long-term development potential continue to attract strong demand from developers and owner-users looking for strategically located industrial assets. The successful sale of 5289 Lane Street reinforced the continued desirability of industrial properties in this corridor.
Conclusion
The sale of 5289 Lane Street highlights Sam Emam and his team’s ability to structure industrial transactions that maximize value for sellers. Their expertise in marketing, buyer engagement, and negotiation ensured that the property was sold at an optimal price, allowing the client to move forward with their business relocation plans.
Testimonial
"We were here at Burnaby Bag and Burlap located at 5291 Imperial Street and 5289 Lane Street for over 35 years. We were very satisfied with how Sam Emam marketed and sold our properties. He was very polite and never pushy, as some salesmen can be. He provided us with a notary we were pleased with and have used several times since. I would highly recommend Sam Emam and his team to anyone considering selling their industrial building. Thank you, Sam, for your hard work."
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