January 14, 2022 • Trideep Chakraborty
Retail Lease: 7918 15th Avenue, Burnaby
A successful lease of 1,716 sf. of retail space at 7918 15th Avenue, Burnaby, in the Edmonds neighbourhood. This street-level commercial unit features floor-to-ceiling windows, creating a bright and open storefront for businesses looking to establish a presence in an established East Burnaby neighbourhood.
Summary
Transaction Date: January 14, 2022
Transaction: Retail Lease
Address: 7918 15th Avenue, Burnaby, BC
Unit Size: 1,716 sf.
Asset Type: Retail Commercial Space
Zoning: CD — Comprehensive Development
Property Characteristics
Street-Level Retail Space: The unit offers 1,716 sf. of commercial space with floor-to-ceiling windows, providing natural light and visibility for a customer-facing business.
Open-Plan Layout: The open-shell design offers flexibility for tenants to customize the interior to suit their business needs, subject to permitted uses and building requirements.
Dedicated Parking: The property includes one underground parking stall and two surface parking stalls, providing convenient parking for staff and visitors.
Modern Building Features: The property was built as part of a newer commercial strata development with 15.5-foot ceilings and a 5-ton HVAC system.
Neighborhood Overview
Situated in the Edmonds area of Burnaby, the property serves an established residential neighbourhood with nearby shops, services, and other local businesses. Its East Burnaby location provides access to surrounding commercial areas and major routes connecting Burnaby with New Westminster and the wider Metro Vancouver region.
Conclusion
The successful lease of 7918 15th Avenue highlights the appeal of flexible retail space in established neighbourhoods. With its street-level position, large windows, adaptable layout, and dedicated parking, the unit offers a practical setting for businesses seeking to serve customers in East Burnaby.
For commercial property owners considering leasing their space, effective marketing, competitive positioning, and an understanding of tenant requirements can help attract suitable tenants and achieve a successful lease.
Quick FAQ
Q1: What type of businesses is this space suited for?
A: Retail and other customer-facing businesses, subject to permitted uses.
Q2: What is the size of the leased unit?
A: 1,716 sq ft.
Q3: What parking is available?
A: One underground parking stall and two surface parking stalls.
Q4: What makes this location attractive?
A: Street-level visibility, floor-to-ceiling windows, and a location in Burnaby's established Edmonds neighbourhood.
Have more questions?