High-Demand Industrial Asset in Burnaby’s Royal Oak District | $2.98M Transaction
Successful Sale of High-Demand Industrial Asset in Burnaby
Case Study: Targeted Buyer Engagement for an Industrial Sale
On November 30, 2017, Sam Emam and his team successfully completed the sale of 5291 Imperial Street for $2,980,000. Their expertise in industrial sales and ability to attract qualified buyers resulted in a smooth and efficient transaction for the seller.
Transaction Details
- Sale Price: $2,980,000
- Sale Date: November 30, 2017
- Property Type: Industrial Building
Property Overview
This industrial property was home to Burnaby Bag & Burlap, a well-established business that operated from the site for over 35 years. The property’s location, zoning flexibility, and redevelopment potential made it a highly desirable asset for industrial users and investors.
Neighborhood Benefits
Burnaby’s Royal Oak District is a thriving industrial zone with strong infrastructure, accessibility, and proximity to transit hubs. Its easy access to Kingsway, Marine Drive, and major highways makes it a preferred location for industrial and commercial operations. Investors continue to target properties in this corridor due to its long-term appreciation potential and strategic positioning.
Client Relationship and Market Strategy
The seller, Burnaby Bag & Burlap, needed to complete the sale of 5291 Imperial Street in order to relocate their business to a new location. Sam and his team devised a comprehensive sales strategy that highlighted the property’s income potential, zoning flexibility, and redevelopment opportunities.
A high-impact marketing campaign was launched, featuring direct buyer engagement, digital advertising, and outreach to a network of industrial investors and developers. By thoroughly qualifying buyers and strategically positioning the property in the market, Sam and his team secured a competitive offer that met the seller’s goals, allowing them to transition to a new space in Langley with a favorable lease agreement.
Market Insights
Industrial properties in Burnaby’s Royal Oak District continue to command strong demand due to limited supply, increasing lease rates, and the ongoing expansion of industrial and commercial developments. Investors seeking strategically located properties with future redevelopment potential remain highly active in this market, further reinforcing the value of well-positioned assets like 5291 Imperial Street.
Conclusion
The successful sale of 5291 Imperial Street is a testament to Sam Emam and his team’s ability to execute complex industrial transactions with precision. Their comprehensive marketing approach, expert buyer engagement, and strong negotiation skills ensured a seamless sale that met the client’s objectives.
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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