$1,950,000

1167 - 11871 Horseshoe Way, Richmond, BC V7A 5H5

MLS® C8078035

Description

Opportunity to acquire a well-located industrial strata unit in Richmond's established Horseshoe Way industrial corridor. The property comprises approximately 4,370 square feet of functional warehouse and office space and is currently leased to an established tenant, providing immediate income and investment stability. The property offers investors the opportunity to acquire a cash-flowing industrial asset in one of Metro Vancouver's most supply-constrained industrial markets. The existing lease generates attractive in-place income while providing future upside through lease rollover and market rent growth. Richmond continues to benefit from strong industrial fundamentals driven by its proximity to Vancouver International Airport, major transportation routes, and the Port of Vancouver. This opportunity is ideally suited for private investors, family offices, and industrial real estate buyers seeking stable income, long-term appreciation potential, and exposure to the highly desirable.

Property

Property type

Commercial Sale

Style

Industrial

Structure

Condo Strata Complex

Year built

1,993

Ownership

Strata

Lot and parking

Lot size

3,920.4 sq ft

Strata and restrictions

Strata fee

$399 per month

Costs

Annual property tax

$17,980

Tax year

2,025

Location

Area

Richmond

Neighbourhood

Gilmore

Waterfront

No