Industrial Flex Property in Royal Oak, Burnaby | $3.875M Transaction

Property Overview

This single-storey freestanding industrial building is situated on Imperial Street, just south of Kingsway, in the heart of Burnaby’s Royal Oak Industrial District. With M4 zoning, the property allows for a wide variety of light industrial uses, making it a flexible investment for both owner-users and long-term investors. The site included holding income from a stable tenant lease, ensuring immediate cash flow for the new owner while offering long-term redevelopment potential in one of Burnaby’s most in-demand industrial corridors.

Neighborhood Benefits

Burnaby’s Royal Oak Industrial District is recognized as a highly desirable hub for industrial and commercial users, given its central location and connectivity. The property benefits from close proximity to major arterial routes, providing direct access to Kingsway, Marine Drive, and the Trans-Canada Highway. Additionally, the Royal Oak SkyTrain Station is just minutes away, enhancing accessibility for employees and businesses. The area has seen continued investment and development, further increasing property values and demand for well-located industrial space.

Client Relationship and Market Strategy

The seller, Trevor Hull, had previously worked with Sam Emam on another successful transaction and returned for assistance in selling 5471 Imperial Street. With the client’s goals in mind, the team devised a targeted marketing strategy to maximize exposure and attract the right buyers. This included a detailed property valuation, a full due diligence package, and a multi-channel marketing approach. By positioning the property’s holding income, zoning flexibility, and redevelopment potential, the team successfully engaged serious buyers and streamlined the sales process.

Market Insights

Industrial properties in Burnaby’s Royal Oak District continue to experience high demand due to limited supply, rising lease rates, and increasing investor interest in centrally located industrial assets. As Metro Vancouver’s industrial vacancy rates remain low, well-positioned properties with strong income potential and redevelopment flexibility, such as 5471 Imperial Street, remain a top choice for investors and owner-users. The competitive nature of the market made this property an attractive opportunity, further reinforcing the value of targeted marketing and expert negotiation.

Conclusion

The successful sale of 5471 Imperial Street showcases Sam Emam and his team’s expertise in marketing and negotiating industrial real estate transactions. Their ability to secure a strong offer in a competitive market underscores their deep knowledge of Burnaby’s industrial sector and commitment to delivering exceptional results for clients. Through comprehensive market positioning and a strategic buyer engagement process, they ensured a smooth transaction while maximizing value for the seller.

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