A rarely available 25,189 square foot warehouse on 1.06 acres within Richmond’s Mitchell Island industrial node, featuring 16 individual units with independent metering, heavy 3-phase power, 200ft of Fraser River frontage, 20,000 sf + of secured rear yard, caretaker suite and multiple covered storage structures. Currently configured for multi-tenant occupancy/segmented uses, the property offers workability for value-add investors (mark-to-market: 58%) and end users (WALT less than 1 year) seeking a combination of warehouse and yard space in a high- exposure location with exceptional connectivity throughout the Lower Mainland and to the U.S. border. Approximately 46% of the net leasable area (NLA) is available for immediate occupancy, 61% of the NLA is available as of December 31, 2025, and the balance of NLA is available in intervals throughout 2026/2027.
Address
11951 Mitchell Road, Richmond
List Price
$1
Type of Dwelling
Industrial
Transaction Type
Sale
Sub-Area
Richmond
Floor Area
25,189 Sq. Ft.
Listing Brokerage
Macdonald Commercial
Features
• Pliable lease provisions with a WALT under 1 year, enabling immediate IPP repositioning or diverse end-user applications • Flexible zoning supporting a wide range of permitted industrial uses • Diverse tenant roster generating stable holding income • Heavy 3-phase power and independently metered units • Vacant caretaker suite offering river views • Approximately 20,000 sf + of secured rear yard space • High-traffic location with prominent exposure on Mitchell Road • Potential Fraser River access with approximately 200 feet of river frontage • Opportunities for building expansion and redevelopment • Approximately 800 sf of outdoor storage structures • Located within a highly desirable industrial node with strong fundamentals and close proximity to major thoroughfares
