5500 Kingsway, Burnaby

SOLD: 5500 Kingsway, Burnaby, B.C.

Property Highlights

  • 100% freehold interest in a centrally located retail property
  • Fully leased to Steve Nash Fitness World until 2019 w/ one 5-year renewal option at market
  • Currently below market rental rate
  • Generous contractual rent growth
  • Covenant strength facilitates financing availability
  • Situated on Kingsway, one of the Lower Mainland’s most active corridors and adjacent Metrotown, a rapidly growing town centre area
  • High quality construction on a 32,701 SF site
  • OCP identifies site for future redevelopment to mixed-use (2.2 FAR)