The Lake City Lands represent an extremely rare opportunity to purchase nearly 19 acres of transit-oriented industrial land in a severely supply constrained market. Prominently located directly on the Lake City Skytrain station at the corner of Lougheed Highway and Lake City Way, the property provides convenient access to rapid transit and major transportation routes including Highway 1.
The Lake City Lands have the potential to be redeveloped as per the City of Burnaby's Lake City Community Plan and the properties are ideally positioned to capitalize on municipal support for densification. Currently improved with two industrial facilities with 252,883 SF of leasable area, the properties benefit from term certain, triple net leases that will provide stable holding income throughout planning and permitting.
|7725 Lougheed Highway
|3131 Lake City Way