Metrotown Office Building Sold in $27.2 Million Deal

Marloborough Court, a 5-storey office building located at Marlborough Avenue and Kingsway in Burnaby, has been sold to a local private investor.

The building is adjacent to Metropolis at Metrotown mall, is an 83,000 square foot, five storey office complex offering large floor plates. The purchase price was $27,200,000, or $326 per SF.

The building is located on a fairly large site, totaling 36,500 SF. The site is designated commercial within the existing Metrotown Plan.