Commercial & Industrial Real Estate
Commercial and Industrial Real Estate
The Economic Development Department has its finger on the pulse when it comes to the availability of commercial and industrial properties in Mission. Read below for an overview of the main development opportunities then connect with the Economic Development Department to get the latest information and to discuss your requirements.
Industrial space leases for an average $8 to $9 per square foot, plus common space.
Mission Industrial Park
LOCATION: Mission Way and London Avenue
DESCRIPTION: The industrial park has 10,000 to 80,000 sq ft. available for leasing opportunities. Set in a central location, with easy access to Highways 7 and 11 and approximately 15 minutes from the US Border. Much of the zoning allows for light impact industry, warehouse, office use and accessory retail.
Silver Creek Industrial Park
LOCATION: 31500 Lougheed Highway
DESCRIPTION: Owned by Solterra Development Corporation, the Silver Creek Industrial Park is located on the Lougheed Highway just west of downtown Mission. The site is approximately an hour travel time from downtown Vancouver and approximately fifteen minutes to the US Border. The 39.8 acre site has highway and rail frontage of approximately 1,300 feet and Fraser River frontage of approximately 1,400 feet (with foreshore rights). The site is zoned M-10 (Industrial Business Park Zone).
OPPORTUNITIES: There are units available for sale or lease ranging from 3060 sq ft to 6370 sq ft.
LOCATION: Railway Avenue, 1st-3rd Avenue
DESCRIPTION: Downtown Mission offers some of the more affordable investment opportunities. With a vibrant and historic feel that niche retail outlets, restaurants and professional establishments find attractive. Major tenants include Canada Post, several Financial Institutions (Royal Bank, CIBC & ScotiaBank), Rex Cox Men’s Wear, Fields and Big Box Outlets Store.
OPPORTUNITIES: Vacancies range in size from 900 sq ft to 10,000 sq ft. Lease rates average $6-$12 per square foot, plus triple net or gross lease. Also check out the Downtown Tax Revitalization Exemption Initiative.
Heritage Park Marketplace
LOCATION: Stave Lake Street and 11th Avenue.
DESCRIPTION: In the heart of the College Heights residential area and in close proximity to the University of the Fraser Valley, Mission Campus. Offering a blend of professional services and fast food options, tenants include Mac’s, Subway and Rebab Indian Restaurant.
OPPORTUNTIES: Average lease rates are $22+ per sq ft. plus triple net.
LOCATION: Lougheed Highway #7
DESCRIPTION: The “Gateway to Mission” offering a number of great locations with high exposure to traffic along this major driving route. High profile tenants along the corridor include Real Canadian Superstore, Best Western Mission City Lodge, Walmart, Rona, Mission Springs Brewing Company and several retail plazas including Mission Gateway Plaza, Mission Hills and Mission Common.
OPPORTUNITIES: Vacancies range in size and cost dependent on location. Average rates run at $32+ per sq ft. plus triple net.
The Junction Shopping Centre
Location: 32525 & 32555 London Ave
Description: Owned by Rio Can, this commercial site is over 250,000 sq ft. Major retailers include Save-On- Foods, Famous Player Silver City, Canadian Tire, London Drugs and Staples.
Opportunities: The site can still accommodate approximately 40,000 sq ft of commercial retail space. Lease rates average $32+ per sq ft. plus triple net.
Which is the best fit for your business or investment opportunity? Let us help:
District of Mission
Economic Development Officer
34033 Lougheed Highway
Mission, BC V2V 5X8
Toll Free. 1.866.814.1222