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Progress Way Business Centre 7672 Progress Way 147,536 SF 100% Leased Industrial Building Delta, BC V4G 1A4 $11,750,000 CAD ($79.64 CAD/SF)



Investment Highlights
- 16,538 SF warehouse
- Two docks & one grade door
- 2,979 SF mezzanine space
- Easy highway access
Executive Summary
Property Facts
Amenities
- Mezzanine
- Skylights
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
In April 2003, BC Ferries was transformed from a Crown corporation into an independent, commercial organization under the Company Act. BC Ferries is governed by an independent Board of Directors appointed by the B.C. Ferry Authority. The provincial government passed the Coastal Ferry Act in 2003, which established the BC Ferries Commissioner as an independent commercial regulator. It also enabled the Government to enter into the Coastal Ferries Services Contract with BC Ferries as a vehicle to implement Government transportation policy around service levels and fares and allows cross subsidization between routes. The Contract is divided into four-year performance terms.
Gulzar Distributions is a premier provider of warehousing and distribution services, committed to meeting the diverse needs of businesses across various industries. With state-of-the-art facilities and unparalleled expertise, Gulzar Distributions offers clients seamless and cost-effective solutions for all their storage and logistics requirements. At their warehouse, Gulzar Distributions understands that each business has unique needs. They work closely with clients to ensure that expectations are not only met but exceeded. The team of experienced professionals is dedicated to delivering exceptional service, with tailored solutions designed to suit specific needs. Whether clients require short-term or long-term storage, flexible options are available to accommodate their requirements.
Socialite Beauty & Wellness is Canada’s premier destination for luxury, clean, and cruelty-free beauty. Offering high-performance skincare, makeup, and haircare, the brand is dedicated to delivering premium products that align with ethical values. With a focus on excellence, Socialite Beauty & Wellness provides exclusive perks and an unparalleled experience for those seeking top-tier beauty solutions.
Unitrend Plastics Manufacturing is a Private Corporation with 35+ Years in the flexible packaging industry. Established in 1984 in Delta B.C (Vancouver), Unitrend services Western Canada and the United States of America. Our customer base extends from British Columbia to Alberta, Saskatchewan, Manitoba, Ontario, and to Washington, Oregon, Utah, Idaho, Nevada, and California in the US.
At World Cold Storage, their unwavering commitment lies in delivering a cost-effective and superior solution to their valued customers. Through a customer-centric approach, they tailor storage plans that perfectly align with the ever-evolving demands of the food industry. With over 15 years of experience, they have earned recognition from both multinational corporations and small businesses for their dedication to providing high-quality and efficient service. Their brand-new facility in Delta offers exceptional convenience, strategically located near key transportation hubs such as the Delta Port, the US-Canadian Border, YVR airport, and major highways. This prime location ensures seamless connectivity, allowing for the swift and unrestricted movement of goods to any desired destination. As a customer-focused company, they provide a logistical advantage, helping businesses thrive in an interconnected world.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Transportation and Warehousing | - | $30.00 CAD | Triple Net | Dec 2027 | |
|
Transportation and Warehousing | - | - | - | - | |
|
Retailer | - | - | - | - | |
|
Services | - | - | - | - | |
|
Transportation and Warehousing | - | - | - | - |
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Progress Way Business Centre | 7672 Progress Way
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