20240 lougheed highway & 11871 203 street maple ridge, bc

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FOR LEASE

20240 LOUGHEED HIGHWAY & 11871 203 STREET MAPLE RIDGE, BC Partnership. Performance.

LONG TERM LAND LEASE 6.46 ACRE COMMERCIAL PROPERTY Gord Robson, Senior Associate 604.647.1331 [email protected]

Daniel Lee*, Principal 604.757.5102 [email protected]

Russ Bougie*, Principal 604.757.5115 [email protected]

*Daniel J. Lee Personal Real Estate Corporation

* Russell Bougie Personal Real Estate Corporation

20240 LOUGHEED HIGHWAY & 11871 203 STREET MAPLE RIDGE, BC Property Details Municipal Address

20240 Lougheed Highway & 11871 203 Street, Maple Ridge, BC

Opportunity Avison Young is pleased to present this rare opportunity to secure (via long term land lease) 6.46 acres of commercial zoned land on Lougheed Highway in Maple Ridge. The property benefits from direct access and excellent frontage and vehicle exposure along Lougheed Highway.

Legal Description

PL NWP8687 LT D DL 222 LD 36; PL NWP62569 DL 222 LD 36

Estimated Net Useable Site Size 6.3 acres (274,428 sf)

Frontage

Over 650 feet of frontage on Lougheed Highway

Lease Rate

Contact Listing Agents

Location Maple Ridge is located in the Northeast section of Metro Vancouver between Pitt Meadows and Mission. The Subject Property is located on the southwest corner of Lougheed Highway and 203rd Street in the heart of Maple Ridge. This location benefits from new transportation infrastructure such as the Golden Ears Bridge and the Pitt River Bridge, greatly improving access to the property.

Zoning CS-1 Service Commercial – Potential to rezone to C-2 (contact Listing Agents for further information)

Approximate Drive Times 10 minutes

5 minutes

Site Plan Net Useable Fro n

t ag

e: 4

95 f

Lou ghe ed

t*

20240 Lougheed Highway

Hig hwa y

Fron ta

g e: 1 55

f t* 203 S treet

11871 203 Street

*Measurements approximate

Area Demographics The Ridge Meadows area consists of both Pitt Meadows and Maple Ridge. The current population of Ridge Meadows is 103,576 with a median age of 39.45. The estimated average household income is $96,541. Between 2006 and 2011, the average growth rate observed was 11.9% and the projected population expected by 2023 is 123,000.

Population

1 km radius

3 km radius

5 km radius

2011

6,238

37,895

58,423

2016

6,309

39,893

61,736

2021 Projection

6,468

41,977

65,168

Households

1 km radius

3 km radius

5 km radius

2011

2,180

14,011

23,047

2016

2,214

14,896

25,596

2021 Projection

2,274

15,771

26,105

Average Household Income 1 km radius

3 km radius

5 km radius

2011

$97,786

$90,122

$82,957

2016

$114,855

$103,735

$94,935

2021 Projection

$134,215

$120,587

$110,254

Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada Gord Robson, Senior Associate 604.647.1331 [email protected]

Daniel Lee*, Principal 604.757.5102 [email protected]

avisonyoung.com

*Daniel J. Lee Personal Real Estate Corporation

Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation

© 2017 Avison Young. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.