Spencer Building 600-604 Columbia St Bureau 3 023 m² 100 % Loué À vendre New Westminster, BC V3M 1A5

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to acquire a 100% freehold interest in 600 Columbia Street, New Westminster (the “Property” or the “Spencer Building”). The Spencer Building offers 32,538 square feet of well-maintained heritage office area, currently 100% occupied with a diverse roster of 5 longstanding tenants including Corrections Canada, BAAS Premium Offices, and St John Ambulance.
The Property offers a flexible rent roll to both income investors and strategic owner-user profiles, with a short-term WALT of 2.2 years and flexible lease terms offering a pathway to near term occupancy or income enhancement.
Constructed in 1906 with a timeless brick facade, the Spencer Building spans 4 storeys of office area on the prominent corner of Columbia Street and 6th Street, offering unencumbered waterfront views across all levels. Attractive dual frontage onto Front Street offers retail uses fronting the new Westminster Pier Park expansion, constructed as part of Bosa Development’s Pier West development. The Property has been well maintained, with over $400,000 of capital upgrades over the last 5 years including an elevator modernization.