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2984 Norland Avenue Burnaby, BC
Partnership. Performance.
For Sale Fully leased, 26,400 sf multi-tenant industrial building on 1.575 acres in North Burnaby. Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation
Kevin Kassautzki, Vice President 604.646.8393 [email protected]
Layla Vera, Client Services Coordinator 604.646.8384 [email protected]
2984 Norland Avenue Burnaby, BC
Executive Summary
Avison Young is pleased to present the opportunity to acquire 2984 Norland Avenue in Burnaby (the “Subject Property”), comprising a fully leased, recently renovated multi-tenant industrial facility located in the Still Creek Area of North Burnaby. The Subject Property is improved with a 26,400 square foot concrete tilt-up building fully leased to four tenants with three of the tenants having recently signed new 5-year leases. TM Mobile Inc. (Telus) has a 5-year antenna lease with two 5-year renewal options.
Building Size 26,400 sf
Site Size 1.575 acres (68,607 sf ) (188’ Width x 365’ Depth)
Year Built
Investment Highlights
1983 – renovated in 2015/2016
✓✓ Fully net leases, tenants pay all operating costs Grouse
✓✓ Three of four leases expire Nov 30, 2021 with 5-year renewal options at market rent Lynn Headwaters Regional Park
Woods
Glenmore
DISTRICT OF
✓✓ Recent renovations include new roof on southern portion (northern portion NORTH VANCOUVER done in 2014), HVAC and extensive landscaping
NANC
Y GREEN
EWAY
HOSKINS RD.
MOUNTAIN HIGHWY
RM Indian River
IN Jug Island
RIVE
ND
YN
Riverside
Seymour Heights
MOUNT SEYMOUR PARKWAY
IN
Cove Cliff
Myrtle Park
Hamber Island
White Rock
AD
Roche Point
Cates Park
CHAR
SPICER RD.
Second Beach
Montrose Park
C.
T EE
R ST
CLIFF AVE.
GLENAYRE DR.
OA D AR KE R CL GAGLARDI WAY
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PIPER
ROBINSON STREET
BONNEVILLE PL.
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SHIRLEY
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ST C
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Edmonds
RD
WAYBURNE DR.
SPERLING AVENUE
GILMORE AVENUE
WILLINGDON AVENUE
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BOUNDARY ROAD
TYNE STREET
PHILLIPS
RUPERT STREET
NOOTKA ST. RUPERT STREET
ARDEN AVE.
AVE. SPRIN
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BETA AVE.
ALPHA AVE.
BOUNDARY ROAD BENTALL ST.
NOOTKA
LILLOOET
KASLO ST.
. CA N ST SLO NANAIMO STREET
CLARENDON STREET
KENSINGTON AVE.
KOOTENAY
WILLINGDON AVENUE
ST.
REFREW STREET
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COMMERCIAL ST.
LAKE CITY WAY
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ST
ROYAL OAK AVE.
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PATTERSON AVE.
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Burnaby Lake
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Coquitla West Lougheed SkyTrain
Burnaby Lake Regional Park
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DUNBAR STREET
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Garden Village
DOVER ST.
S.E. MARINE DRIVE
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Sullivan Heights
EASTLAKE DR.
WINSTON STREET
Government Road
AW AD
OAD
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Suncrest
Y
LOUGHEED HIGHWAY
University SkyTrain
N CA
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Lake City ENTERPRISE ST.
Lake City SkyTrain
Municipal Hall
Royal Oak SkyTrain
Fraserview
WA
C
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SOUTHEAST MARINE DRIVE
DI
Simon Fraser Hills
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Killarney
ST
69TH AVE.
Deer Lake Place
ON
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68TH AVE.
CA NA DA
ST
49TH AVENUE EAST
JOE SAKIC WAY
SARDIS ST.
IN C
OAK STREET
Marine Drive SkyTrain E RIV
Greentree Village
Forglen 41ST AVENUE EAST
PA
IVE
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Marpole
Joyce St. SkyTrain
AY
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57TH AVENUE EAST
LAUREL ST.
SPROTT ST.
54TH AVENUE
South Vancouver
GREENWOOD ST.
DARNLEY ST.
IN
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PAR KD RIVE
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W
49TH AVENUE EAST
KNIGHT STREET
INE
AR
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AR
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EXPRESS ST.
D AV
REGENT ST.
B. C. I. T.
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Subject Property
29TH AVENUE
29 th Ave. SkyTrain
NE
AY
NO
WILLINGDON GREEN
NORFOLK
IMPERIAL STREET
S.W
GH NALD SLOU
DOMINION
GL
TO
STILL CREEK AVE.
Central Burnaby
CANADA WAY
GA
YS
AILSA AVE.
KINGSLAND CT.
ROY ST.
AY
57TH AVENUE WEST
S.W. Marine
Knight
49TH AVENUE EAST
STILL CREEK AVE.
11TH AVE.
GLENNCOE
Simon Fraser University
Montecito
ST. GORING
HW
Southlands
GRANVILLE STREET
South Granville
Langara/49th Ave. SkyTrain
41ST AVENUE EAST
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RD.
SIMON FRASER UNIVERSITY
.
Squint Lake Park
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49TH AVENUE WEST
Deering Island
41ST AVENUE EAST
Oakridge
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Main
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TN
BURNABY
22ND AVE.
Nanaimo St. SkyTrain
33RD AVENUE EAST
JUNEAU ST.
YM
Duthie
Holdom SkyTrain
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33RD AVENUE EAST
HENNING DR.
SUMAS ST. DAWSON ST.
Glenayre
AB
Sperling
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Brentwood SkyTrain
BUCHANAN
Gilmore SkyTrain
Renfrew St. GRANDVIEW HIGHWAY Falaise Park SkyTrain
22ND AVE.
N
Quilchena
VIRTUAL WAY
HAlFAX ST.
LOUGHEED HIGHWAY
Parkcrest
NS TRA
IA TH LO
47TH AVENUE
McDO
Fraser
Asking Sale Price VANCOUVER
$6,350,000 (4.22% yield)
41ST AVENUE WEST
Iona Island
Queen Elizabeth Park
33RD AVENUE WEST
AY
10TH
John Hendry Park
KNIGHT STREET
Cambie ID M
GRANVILLE STREET
MacKenzie Heights
King Edward SkyTrain
Brentwood Park
ALASKA ST.
Rupert St. SkyTrain
12TH
ELLIOT STREET
MANITOBA ST.
12TH AVENUE EAST
College Park COLLEGE P
RN
CURTIS STREET
GRANT ST.
2ND AVE.
EAST BROADWAY
Burnaby Mountain Conservation Area
BU
PARKER STREET
DOUGLAS RD.
CAMBIE STREET
COMMERCIAL DR.
ODLUM DR.
Broadway SkyTrain
18TH AVE.
KITCHNER ST.
1ST AVE.
Commercial St. SkyTrain
EAST BROADWAY
CHARLES ST.
1ST AVENUE
Renfrew
L
Dunbar
33RD AVENUE WEST
KING EDWARD AVENUE
1ST AVENUE
N WA Y
VCC-Clark SkyTrain
Willingdon Heights
WILLIAM ST.
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KIN GS W
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PARKER STREET
GRAVELEY ST.
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THER
20TH AVE.
$267,780.00 (2017)
NE
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Shaughnessy
Grandview
BARNET H IGHWAY
D
NORTH ROAD
16TH AVENUE WEST
Arbutus
COMMERCIAL DRIVE
GRANDVIEW VIADUCT
City Hall
Net Operating Income
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VERNON DR.
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Broadway/ City Hall SkyTrain
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RN ST.
WESTE
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RN
LO
QUEBEC STREET
YUKON ST.
ALBERTA ST.
COLUMBIA ST.
1S
8TH AVE.
ONTARIO ST.
Gra
HEMLOCK STREET
PINE ST.
FIR STREET
BURRARD STREET
D
AVE.
MAIN STREET
ALMA STREET
MacDONALD STREET
Fairview
2N
PARKER NAPIER
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Westridge
Duthie Union Park
.
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4TH AVE.
5TH AVE.
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Hastings Comm. Park
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3RD AVE.
6TH AVE. 7TH AVE.
.
EAST HASTINGS STREET
LA
2ND AVE.
NORTHERN ST. CENTRA SOUTHEL ST. RN ST.
AVE
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PENDER ST.
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1ST AVE.
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12TH AVENUE WEST
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3RD AVE.
4TH AVENUE
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SkyTrain
Financial Summary YORK AVE. 1ST AVE.
POINT GREY ROAD
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HO
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YaletownRoundhouse SkyTrain
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DUNLEVY AVE.
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.
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P.
LOZELLS AVE.
K
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AR
Deadman Island
3RD ST
R
HARBOUR RD.
AY
BAINBRIDGE
YP
EW
COLUMBIA ST. BAY ST.
Second Narrows Bridge
MOUNTAIN HWY.
N LE
US
ST.
4TH AVE.
LES ST.
ST A
CA
OLD DOLLARTON HWY.
FRONT
STREET
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MAIN
BEDWELL BAY RD.
Village Hall
PRINC
BOND ST. OXF ORD ST .
DOMINION ST.
Burrard Inlet Indian Reserve No. 3
DOLLART ON HI GHW AY
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Dollarton
RA RD
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Seymour Creek Indian Reserve No. 2
CROWN ST. RUPERT ST.
.
Stanley Park
Windridge
DR.
RUSSELL
LYNNMOUTH
ROAD
DRIDGE
CURAGH
LEVEL
HUNTER ST.
CHARLOTTE
Windsor Park
MERRITT
3RD ST. E.
E.
LOW
Maplewood
FORESTER ST.
DE
BROOKSBANK
NA
Lower Lonsdale
Third Beach
Lynnmour
Calverhall LYNN AVE.
D E.
LA
4TH ST. E.
HAROUR AVE.
ES
RG
ST
.G
EO
LO
ESP
3R
QUEENSBURY AVE.
E
AV
E.
KEITH ROAD EAST
AV
ALE
ER
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HARBOURSIDE DR.
N. DOLLARTON HIGHWAY
convenient access throughout Metro Vancouver. This area is easily accessible by regular bus service along Douglas Road, and is an approximately Legal Description Belcarra Regional Park 10-minute walk from the Holdom SkyTrain Station. The City of Burnaby PARCEL “86” DISTRICT LOT 75 GROUP 1 NEW BUR recently improved Still Creek Avenue between Eastbrook B U Parkway and RARD WESTMINSTER DISTRICT EXPLANATORY INLET Westminster Avenue, thereby providing access to the Subject Property from PLAN 60905. PID: 002-669-145 the Trans-Canada Highway, via Willingdon Avenue. AUTOMALL DR.
IAL
Keith Lynn
Wickenden Park
MT. SEYMOUR RD.
E.
.
Northlands
BERKLEY RD.
City Hall
DW
Mission Indian Reserve No. 1
LILLOOET ROAD
COPPING ST.
13TH ST. E.
ORL
2ND ST. W.
Hamilton
3R
AVE.
Mc
FIE
KEEN
ST. GEORGES AVE.
ST.
13TH STREET W.
GALLANT AVE.
INDIAN RIVER DR.
AVE.
DONAGHY AVE.
MACKAY RD.
HANES AVE.
LLOYD
PEMBERTON PHILIP AVE.
BOWSER AVE.
GARDEN AVE.
WESTVIEW DR.
FELL
. O RD PILAN R CA LOWE
CH JEN IEF KIN CH S RDARLI . E
dg e
Bri
ate
Blueridge
DEEP COVE ROAD
ns G
.
1ST
DEEP COVE
DR
WELCH ST.
NIS
Norgate
STEWART ST.
AN
Capilano Indian Reserve No. 5
Central Lonsdale
ON
LA
CHURCHILL ROOSEVELT 14TH ST. W. 3RD ST. W.
Y WA IGH SH
M2 (General Industrial)
Lynn Canyon Park
Westlynn
RS
MARINE DRIVE 15TH ST.
R
HY
Park Park Royal
Westlynn Terrace
CITY OFThe Subject Property is centrally located on the north side of Norland NORTH VANCOUVER Avenue in the Still Creek industrial area of North Burnaby. Situated between E L Cand ARRA the Lougheed and Trans-Canada Highway’s, this area allows for Bquick
Pemberton
Ambleside
Hollyburn
AD
RO
EL LEV ER UPP
Zoning
VA
23RD ST. W.
GOSTICK AVE.
11TH ST.
UPPER LEVELS HIGHWAY
Pemberton Heights
Cedardale
EY
LL
NN
LY
.
Municipal Hall
29TH ST E.
NS RD
FULTON AVENUE
Location
Municipal Hall
ARB
15TH ST.
Hugo Bay Park
D.
Sentinel Hill
LV
INGLEWOOD AVENUE
TAYLOR WAY
21ST ST.
TB
Ambleside
HOSKI
• Ample onsite parking & yard area
Racoon Island
Mount Seymour Provincial Park
T
OK BRO
Upper Lonsdale QUEENS RD. W.
LE
ND
AD
Y
Indian Arm Provincial Park
Lynn Valley
R.
S DRIVE
ANO RO
WA
ON
25TH ST.
MATHERS AVENUE
Dundarave
BRAEMAR ROAD E.
OSBORNE ROAD E.
M
DRIVE
GH
DEMPSEY ROAD
GE
INE
HI
✓✓ Located in the sought after Still Creek industrial area
Delbrook
ED
MAR
DA
DR
Braemar
CAPIL
TRA NS CA NA
QUEENS AVE.
Forest Hills
Capilano Highlands
British Properties
AV
.
• 3-phase power
AIR
cN
M
LD
NT DR
.
MOU
DEL
EYRE
BLVD
DR.
HLA
TWELL
HIG
CHAR
.
✓✓ Low site coverage (~36%)
Upper Delbrook
STEVEN
HBOR
Chartwell
Panorama Village
Panorama
SOUT
WL ROAD
OUGH
• 23’ clear ceiling heights
e
Upper Lynn Valley
MONTROYAL BLVD.
IA
DRIVE
EL
TW
ES
CR
Capilano River Regional Park
AVE.
.
D LR
A
• Seven (7) grade loading doors
N
ROAD
D
• Built on piles (~160’ deep)
PRINCESS AVE.
WEST Features A N C O U VBuilding ER
EAST GRAND BLVD.
al Park
nt ey
Opportunity
Tenant Profiles Alpha Tent & Awning Ltd. Alpha Tent & Awning Ltd., is one of the British Columbia’s largest and most respected manufacturers of highest quality products. For more than 30 years, this locally-owned company has provided a growing number of clients with professional design, fabrication and installation of all types of awnings, tents, canopies, patio enclosures, sun shades, curtains, patio covers and many more, from large commercial and industrial projects to tasteful residential applications. Notable clients include Port Metro Vancouver, BCAA, Lululemon, Vancouver Canucks, etc. For more information, go to www.alphatentandawning.com.
North Shore Driving School Ltd. Established in 1961, North Shore Driving School is privately owned and operated and remains synonymous with leadership in the driver training industry AND has been one of the premier driving schools in Vancouver, offering comprehensive training programs taught by government-certified instructors. North Shore Driving School is bonded with the Insurance Corporation of British Columbia (ICBC) and is a proud member of the Driving School Association of the Americas (DSAA). For more information, go to www.nsds.ca.
Hamilton Machining & Fabrication Ltd. Established in 1972, Hamilton Machining & Fabrication is a locally owned construction, maintenance and repair of mining and mineral assay equipment company that employees approximately 15 staff.
Access Metal Products Ltd. Access Metal Products has nearly 20 years’ experience providing custom sheet metal fabrication to Burnaby-area construction and architectural contractors, commercial businesses and industrial facilities. In addition, Access Metal Products also sells access doors. For more information, go to www.accessmetalproducts.ca.
Telus
Tenant Layout Unit 201 2990 2992 2994
Tenant Leasable Area (SF) Alpha Tent & Awning Ltd. 10,560 North Shore Driving School Ltd. 1,760 Access Metal Products Ltd. 6,880 Hamilton Machining & Fabrication Ltd. 7,200
Image Source: Google
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada
avisonyoung.com Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation Layla Vera, Client Services Coordinator 604.646.8384 [email protected]
Kevin Kassautzki, Vice President 604.646.8393 [email protected] © 2016 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.
t ed er as op Le Pr y ll nt Fu m e
In
st
NORTH SHORE
DOWNTOWN
Secon d Na rrows Bri dg
e
y
VANCOUVER
H a s t in
g s St r e
et
Brentwood Skytrain Station
W il li n
gdon
Tr a n
Av e n u
e
BURNABY Lou
s- C
St i l l ana
da
Hig
hw
Cr e
ek A
ve n
ghe
ed H
i g hw
ay
ue
Holdom Skytrain Station
ay
D
g ou
la
sR
d oa
No
rla
nd
Av
en
ue
2984 Norland Avenue Burnaby, BC
Partnership. Performance.
For Sale Fully leased, 26,400 sf multi-tenant industrial building on 1.575 acres in North Burnaby. Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation
Kevin Kassautzki, Vice President 604.646.8393 [email protected]
Layla Vera, Client Services Coordinator 604.646.8384 [email protected]
2984 Norland Avenue Burnaby, BC
Executive Summary
Avison Young is pleased to present the opportunity to acquire 2984 Norland Avenue in Burnaby (the “Subject Property”), comprising a fully leased, recently renovated multi-tenant industrial facility located in the Still Creek Area of North Burnaby. The Subject Property is improved with a 26,400 square foot concrete tilt-up building fully leased to four tenants with three of the tenants having recently signed new 5-year leases. TM Mobile Inc. (Telus) has a 5-year antenna lease with two 5-year renewal options.
Building Size 26,400 sf
Site Size 1.575 acres (68,607 sf ) (188’ Width x 365’ Depth)
Year Built
Investment Highlights
1983 – renovated in 2015/2016
✓✓ Fully net leases, tenants pay all operating costs Grouse
✓✓ Three of four leases expire Nov 30, 2021 with 5-year renewal options at market rent Lynn Headwaters Regional Park
Woods
Glenmore
DISTRICT OF
✓✓ Recent renovations include new roof on southern portion (northern portion NORTH VANCOUVER done in 2014), HVAC and extensive landscaping
NANC
Y GREEN
EWAY
HOSKINS RD.
MOUNTAIN HIGHWY
RM Indian River
IN Jug Island
RIVE
ND
YN
Riverside
Seymour Heights
MOUNT SEYMOUR PARKWAY
IN
Cove Cliff
Myrtle Park
Hamber Island
White Rock
AD
Roche Point
Cates Park
CHAR
SPICER RD.
Second Beach
Montrose Park
C.
T EE
R ST
CLIFF AVE.
GLENAYRE DR.
OA D AR KE R CL GAGLARDI WAY
UNDERHILL AVE.
PIPER
ROBINSON STREET
BONNEVILLE PL.
EASTBROOK PKWY. .
. E. AV
N ST VU
BR
CA
UN ET TE
NF
OR
LA
AV EN UE
TH
12
I A S T RE E T O LUM B
.
.
VE
LA
TH ST.
GILLEY AVENUE RANDOLPH
CONWAY AVE.
SELLERS
PALM AVE.
SHIRLEY
KENNETH
GREENFORD AVE.
ST C
EA
Edmonds
RD
WAYBURNE DR.
SPERLING AVENUE
GILMORE AVENUE
WILLINGDON AVENUE
. E ST YC JO MELBOURNE
BOUNDARY ROAD
TYNE STREET
PHILLIPS
RUPERT STREET
NOOTKA ST. RUPERT STREET
ARDEN AVE.
AVE. SPRIN
GER
BETA AVE.
ALPHA AVE.
BOUNDARY ROAD BENTALL ST.
NOOTKA
LILLOOET
KASLO ST.
. CA N ST SLO NANAIMO STREET
CLARENDON STREET
KENSINGTON AVE.
KOOTENAY
WILLINGDON AVENUE
ST.
REFREW STREET
NANAIMO STREET
COMMERCIAL ST.
LAKE CITY WAY
. ST .
ST
ROYAL OAK AVE.
D.
H
PATTERSON AVE.
LV
EB
RID
cB
KERR ST.
ST.
E.
H
ARGYLE STREET DR.
CE RU
AV
8T
.
Edmonds SkyTrain
E.
H
6T
M
AVE
21
SP
NEW WESTMINSTER
KIN GS WA Y
.
ST
.
PRENTER ST.
6T
.
ST
R ST
D 2N
TE
AY W
EN
AY
YW
TH
WOR
ED
y
ST.
PR
ST
South Slope
Braid SkyTrain BRAID STREET
Sapperton SkyTrain
ab
ORD
AV
TH
10
DA NA
BERESF
IRMIN ST.
ON
M ED
CA
SHORT ST.
SIDLEY ST.
RUMBLE STREET
Middlegate
T
EE
TR
S DS
rn
MAVIS DORSET
UE
EN
RIA
PE
IM
Bu
McKay Jubilee
LS
T
EE
TR
Metrotown SkyTrain
TH
ON ST.
HOLDOM AVENUE
ONE
VICTORIA DR.
SALSBURY DR.
McLEAN DR.
WELWYN ST
VICTORIA DRIVE
FRASER STREET
Patterson SkyTrain
15
FRASER STREET
NORTH ROAD
The Crest
Robert Burnaby Park
OAKLAND ST.
R.
HESTER ST.
Burnaby Lake
D
.
ST
A RO
BU
OO
IS
RR
Deer Lake
st
MAIN STREET
Cariboo
Ea
CAMBIE STREET
Lougheed Town Centre SkyTrain
NO
LAKE
Buckingham Heights
Deer Lake Park
SD
BA
Coquitla West Lougheed SkyTrain
Burnaby Lake Regional Park
ITH IFF GR
ANGUS DRIVE
AY
ILW
FE RA
FOSTER AVENUE
RIB
WEST BOULEVARD
ABY
NTA
& SA
RN RTHE
AY
MacDONALD STREET
VICTORIA DRIVE
FRASER STREET
ARBUTUS STREET
MacKENZIE STREET
DUNBAR STREET
ON
INGT
BURL
RN
Stoney Creek Park
CA
BLENHEIM STREET
CROWN STREET
GOVERNMENT RD. BURNLAKE DR.
CONRAD ST.
BU
W N TIO UC OD PL. PR BAXTER
Burquitlam SkyTrain
DEER LAKE PKWY.
Garden Village
DOVER ST.
S.E. MARINE DRIVE
Oakdale
Sullivan Heights
EASTLAKE DR.
WINSTON STREET
Government Road
AW AD
OAD
W AY
KIN GRAN GS GE ST WA . Y
Suncrest
Y
LOUGHEED HIGHWAY
University SkyTrain
N CA
Champlain Heights
Lake City ENTERPRISE ST.
Lake City SkyTrain
Municipal Hall
Royal Oak SkyTrain
Fraserview
WA
C
ET
SOUTHEAST MARINE DRIVE
DI
Simon Fraser Hills
RE
Killarney
ST
69TH AVE.
Deer Lake Place
ON
Central Park
R.
68TH AVE.
CA NA DA
ST
49TH AVENUE EAST
JOE SAKIC WAY
SARDIS ST.
IN C
OAK STREET
Marine Drive SkyTrain E RIV
Greentree Village
Forglen 41ST AVENUE EAST
PA
IVE
DR
Marpole
Joyce St. SkyTrain
AY
AM CH
57TH AVENUE EAST
LAUREL ST.
SPROTT ST.
54TH AVENUE
South Vancouver
GREENWOOD ST.
DARNLEY ST.
IN
South Cambie
PAR KD RIVE
E.
W
49TH AVENUE EAST
KNIGHT STREET
INE
AR
.M
Sea Island
KIN GS W
AR
Forest Hills
EXPRESS ST.
D AV
REGENT ST.
B. C. I. T.
MOSCROP ST.
DR.
BROADWAY
Sperling SkyTrain RLAN
Subject Property
29TH AVENUE
29 th Ave. SkyTrain
NE
AY
NO
WILLINGDON GREEN
NORFOLK
IMPERIAL STREET
S.W
GH NALD SLOU
DOMINION
GL
TO
STILL CREEK AVE.
Central Burnaby
CANADA WAY
GA
YS
AILSA AVE.
KINGSLAND CT.
ROY ST.
AY
57TH AVENUE WEST
S.W. Marine
Knight
49TH AVENUE EAST
STILL CREEK AVE.
11TH AVE.
GLENNCOE
Simon Fraser University
Montecito
ST. GORING
HW
Southlands
GRANVILLE STREET
South Granville
Langara/49th Ave. SkyTrain
41ST AVENUE EAST
Memorial South Park
RD.
SIMON FRASER UNIVERSITY
.
Squint Lake Park
HIG
49TH AVENUE WEST
Deering Island
41ST AVENUE EAST
Oakridge
ndian o. 2
d Beach
Victoria
Main
Oakridge/41st Ave. SkyTrain
ETT
CORN
TN
BURNABY
22ND AVE.
Nanaimo St. SkyTrain
33RD AVENUE EAST
JUNEAU ST.
YM
Duthie
Holdom SkyTrain
DA NA CA
Kerrisdale
33RD AVENUE EAST
HENNING DR.
SUMAS ST. DAWSON ST.
Glenayre
AB
Sperling
GRE
Brentwood SkyTrain
BUCHANAN
Gilmore SkyTrain
Renfrew St. GRANDVIEW HIGHWAY Falaise Park SkyTrain
22ND AVE.
N
Quilchena
VIRTUAL WAY
HAlFAX ST.
LOUGHEED HIGHWAY
Parkcrest
NS TRA
IA TH LO
47TH AVENUE
McDO
Fraser
Asking Sale Price VANCOUVER
$6,350,000 (4.22% yield)
41ST AVENUE WEST
Iona Island
Queen Elizabeth Park
33RD AVENUE WEST
AY
10TH
John Hendry Park
KNIGHT STREET
Cambie ID M
GRANVILLE STREET
MacKenzie Heights
King Edward SkyTrain
Brentwood Park
ALASKA ST.
Rupert St. SkyTrain
12TH
ELLIOT STREET
MANITOBA ST.
12TH AVENUE EAST
College Park COLLEGE P
RN
CURTIS STREET
GRANT ST.
2ND AVE.
EAST BROADWAY
Burnaby Mountain Conservation Area
BU
PARKER STREET
DOUGLAS RD.
CAMBIE STREET
COMMERCIAL DR.
ODLUM DR.
Broadway SkyTrain
18TH AVE.
KITCHNER ST.
1ST AVE.
Commercial St. SkyTrain
EAST BROADWAY
CHARLES ST.
1ST AVENUE
Renfrew
L
Dunbar
33RD AVENUE WEST
KING EDWARD AVENUE
1ST AVENUE
N WA Y
VCC-Clark SkyTrain
Willingdon Heights
WILLIAM ST.
Y
KIN GS W
KING EDWARD AVENUE
PARKER STREET
GRAVELEY ST.
G WA
THER
20TH AVE.
$267,780.00 (2017)
NE
ES
QU
Shaughnessy
Grandview
BARNET H IGHWAY
D
NORTH ROAD
16TH AVENUE WEST
Arbutus
COMMERCIAL DRIVE
GRANDVIEW VIADUCT
City Hall
Net Operating Income
ST
ISSI
E
VICTORIA DRIVE
RAYMUR AVE.
VERNON DR.
ST.
. FINNIN
LL
MM
EARL
AL AV
Mount Pleasant
RIAL AVE
GREAT NOR
WA
CO
SCOTIA ST.
Broadway/ City Hall SkyTrain
OAK STREET
INDUST
WOODLAND DR.
GLEN DR.
TA
AV VE. E.
CHESS
RN ST.
WESTE
.
E ST
RN
LO
QUEBEC STREET
YUKON ST.
ALBERTA ST.
COLUMBIA ST.
1S
8TH AVE.
ONTARIO ST.
Gra
HEMLOCK STREET
PINE ST.
FIR STREET
BURRARD STREET
D
AVE.
MAIN STREET
ALMA STREET
MacDONALD STREET
Fairview
2N
PARKER NAPIER
ROA
Westridge
Duthie Union Park
.
IE
YL
E
W
BROADWAY WEST
4TH AVE.
5TH AVE.
EVANS
TERMIN
Hastings Comm. Park
S RD
3RD AVE.
6TH AVE. 7TH AVE.
.
EAST HASTINGS STREET
LA
2ND AVE.
NORTHERN ST. CENTRA SOUTHEL ST. RN ST.
AVE
AL AVE
PANDORA ST.
PENDER ST.
UG
1ST AVE.
W
12TH AVENUE WEST
Olympic Village SkyTrain
MALKIN
NATION
P.N.E. Exhibition Park
DUNDAS STREET
ST.
BARN ET
Stratford Park
DO
Cambie Bridge
t nv Bri ille dg Str e ee
Main St. SkyTrain
Olympic Village CRO
FA
EK
OK CO
Kitsilano
GRANVILLE STREET
BROADWAY WEST
STATION ST.
T
.
BLVD
ETON STREET
GEORGIA ST.
CLARK DRIVE
VENABLES STREET PRIOR STREET
EE
Granville Island
2ND AVE.
3RD AVE.
4TH AVENUE
CRE LSE
FRANKLIN ST.
SkyTrain
Financial Summary YORK AVE. 1ST AVE.
POINT GREY ROAD
STEWART
OVA RD . CO DIV
M Chinatown
HO
TR ES
IC PACIF
ROGERS ST.
POWELL STREET CORDOVA STREET WEST HASTINGS STREET
ET RE ST ER Stadium-
YaletownRoundhouse SkyTrain
Yaletown
AY ST.
RAILW
DUNLEVY AVE.
WATER
Gastown Granville St. SkyTrain ET RE ST
N ST.
YM SE
R OU
Scenic Park
Confederation Park
McGILL STREET
Hastings East
PORT MO
l)
W
HO
T
D
ROA FRONT
CASSIAR TUNNEL
R
S
E RE
ITH SM
UE
VEN
UE
EN
AV
IC CIF H A PA EAC B
R RA
T ES
e
CORNWALL STREET
icho Beach Park
4TH AVENUE
D
BU
Waterfront SkyTrain West Coast Express
THORTO
T
ET
EE
Vancouver City Centre
ET
E TR
dg
Bri
PL.
ne (Tun
R ST
RE
rd
rra
Bu
DA
ST. GEO RGE CAROLIN A BEGG ST.
ON
ST
Kitsilano Beach
NA
ET
PORT
Barnet Marine Park
RAIL
LS
VIE
Jericho Beach
ST
L UR
TH
CA
STRE
Downtown ET
RE
OW
DER
Capitol Hill
C.N.
NE
DA
ENGLISH BAY
PEN
Burrard St. SkyTrain
R.
Vancouver
.
ET RE ST EET GIA STR OR GE SON B RO
R ST AN NM West End
DE
English Bay Beach
P.
LOZELLS AVE.
K
Roche Point
INLE TD RIV E
AR
Deadman Island
3RD ST
R
HARBOUR RD.
AY
BAINBRIDGE
YP
EW
COLUMBIA ST. BAY ST.
Second Narrows Bridge
MOUNTAIN HWY.
N LE
US
ST.
4TH AVE.
LES ST.
ST A
CA
OLD DOLLARTON HWY.
FRONT
STREET
ET
MAIN
BEDWELL BAY RD.
Village Hall
PRINC
BOND ST. OXF ORD ST .
DOMINION ST.
Burrard Inlet Indian Reserve No. 3
DOLLART ON HI GHW AY
Y RO
L BA
WEL
BID
Boulder Island
Dollarton
RA RD
WIN
Seymour Creek Indian Reserve No. 2
CROWN ST. RUPERT ST.
.
Stanley Park
Windridge
DR.
RUSSELL
LYNNMOUTH
ROAD
DRIDGE
CURAGH
LEVEL
HUNTER ST.
CHARLOTTE
Windsor Park
MERRITT
3RD ST. E.
E.
LOW
Maplewood
FORESTER ST.
DE
BROOKSBANK
NA
Lower Lonsdale
Third Beach
Lynnmour
Calverhall LYNN AVE.
D E.
LA
4TH ST. E.
HAROUR AVE.
ES
RG
ST
.G
EO
LO
ESP
3R
QUEENSBURY AVE.
E
AV
E.
KEITH ROAD EAST
AV
ALE
ER
EST
CH
NSD
Lio
HARBOURSIDE DR.
N. DOLLARTON HIGHWAY
convenient access throughout Metro Vancouver. This area is easily accessible by regular bus service along Douglas Road, and is an approximately Legal Description Belcarra Regional Park 10-minute walk from the Holdom SkyTrain Station. The City of Burnaby PARCEL “86” DISTRICT LOT 75 GROUP 1 NEW BUR recently improved Still Creek Avenue between Eastbrook B U Parkway and RARD WESTMINSTER DISTRICT EXPLANATORY INLET Westminster Avenue, thereby providing access to the Subject Property from PLAN 60905. PID: 002-669-145 the Trans-Canada Highway, via Willingdon Avenue. AUTOMALL DR.
IAL
Keith Lynn
Wickenden Park
MT. SEYMOUR RD.
E.
.
Northlands
BERKLEY RD.
City Hall
DW
Mission Indian Reserve No. 1
LILLOOET ROAD
COPPING ST.
13TH ST. E.
ORL
2ND ST. W.
Hamilton
3R
AVE.
Mc
FIE
KEEN
ST. GEORGES AVE.
ST.
13TH STREET W.
GALLANT AVE.
INDIAN RIVER DR.
AVE.
DONAGHY AVE.
MACKAY RD.
HANES AVE.
LLOYD
PEMBERTON PHILIP AVE.
BOWSER AVE.
GARDEN AVE.
WESTVIEW DR.
FELL
. O RD PILAN R CA LOWE
CH JEN IEF KIN CH S RDARLI . E
dg e
Bri
ate
Blueridge
DEEP COVE ROAD
ns G
.
1ST
DEEP COVE
DR
WELCH ST.
NIS
Norgate
STEWART ST.
AN
Capilano Indian Reserve No. 5
Central Lonsdale
ON
LA
CHURCHILL ROOSEVELT 14TH ST. W. 3RD ST. W.
Y WA IGH SH
M2 (General Industrial)
Lynn Canyon Park
Westlynn
RS
MARINE DRIVE 15TH ST.
R
HY
Park Park Royal
Westlynn Terrace
CITY OFThe Subject Property is centrally located on the north side of Norland NORTH VANCOUVER Avenue in the Still Creek industrial area of North Burnaby. Situated between E L Cand ARRA the Lougheed and Trans-Canada Highway’s, this area allows for Bquick
Pemberton
Ambleside
Hollyburn
AD
RO
EL LEV ER UPP
Zoning
VA
23RD ST. W.
GOSTICK AVE.
11TH ST.
UPPER LEVELS HIGHWAY
Pemberton Heights
Cedardale
EY
LL
NN
LY
.
Municipal Hall
29TH ST E.
NS RD
FULTON AVENUE
Location
Municipal Hall
ARB
15TH ST.
Hugo Bay Park
D.
Sentinel Hill
LV
INGLEWOOD AVENUE
TAYLOR WAY
21ST ST.
TB
Ambleside
HOSKI
• Ample onsite parking & yard area
Racoon Island
Mount Seymour Provincial Park
T
OK BRO
Upper Lonsdale QUEENS RD. W.
LE
ND
AD
Y
Indian Arm Provincial Park
Lynn Valley
R.
S DRIVE
ANO RO
WA
ON
25TH ST.
MATHERS AVENUE
Dundarave
BRAEMAR ROAD E.
OSBORNE ROAD E.
M
DRIVE
GH
DEMPSEY ROAD
GE
INE
HI
✓✓ Located in the sought after Still Creek industrial area
Delbrook
ED
MAR
DA
DR
Braemar
CAPIL
TRA NS CA NA
QUEENS AVE.
Forest Hills
Capilano Highlands
British Properties
AV
.
• 3-phase power
AIR
cN
M
LD
NT DR
.
MOU
DEL
EYRE
BLVD
DR.
HLA
TWELL
HIG
CHAR
.
✓✓ Low site coverage (~36%)
Upper Delbrook
STEVEN
HBOR
Chartwell
Panorama Village
Panorama
SOUT
WL ROAD
OUGH
• 23’ clear ceiling heights
e
Upper Lynn Valley
MONTROYAL BLVD.
IA
DRIVE
EL
TW
ES
CR
Capilano River Regional Park
AVE.
.
D LR
A
• Seven (7) grade loading doors
N
ROAD
D
• Built on piles (~160’ deep)
PRINCESS AVE.
WEST Features A N C O U VBuilding ER
EAST GRAND BLVD.
al Park
nt ey
Opportunity
Tenant Profiles Alpha Tent & Awning Ltd. Alpha Tent & Awning Ltd., is one of the British Columbia’s largest and most respected manufacturers of highest quality products. For more than 30 years, this locally-owned company has provided a growing number of clients with professional design, fabrication and installation of all types of awnings, tents, canopies, patio enclosures, sun shades, curtains, patio covers and many more, from large commercial and industrial projects to tasteful residential applications. Notable clients include Port Metro Vancouver, BCAA, Lululemon, Vancouver Canucks, etc. For more information, go to www.alphatentandawning.com.
North Shore Driving School Ltd. Established in 1961, North Shore Driving School is privately owned and operated and remains synonymous with leadership in the driver training industry AND has been one of the premier driving schools in Vancouver, offering comprehensive training programs taught by government-certified instructors. North Shore Driving School is bonded with the Insurance Corporation of British Columbia (ICBC) and is a proud member of the Driving School Association of the Americas (DSAA). For more information, go to www.nsds.ca.
Hamilton Machining & Fabrication Ltd. Established in 1972, Hamilton Machining & Fabrication is a locally owned construction, maintenance and repair of mining and mineral assay equipment company that employees approximately 15 staff.
Access Metal Products Ltd. Access Metal Products has nearly 20 years’ experience providing custom sheet metal fabrication to Burnaby-area construction and architectural contractors, commercial businesses and industrial facilities. In addition, Access Metal Products also sells access doors. For more information, go to www.accessmetalproducts.ca.
Telus
Tenant Layout Unit 201 2990 2992 2994
Tenant Leasable Area (SF) Alpha Tent & Awning Ltd. 10,560 North Shore Driving School Ltd. 1,760 Access Metal Products Ltd. 6,880 Hamilton Machining & Fabrication Ltd. 7,200
Image Source: Google
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada
avisonyoung.com Russ Bougie*, Principal 604.757.5115 [email protected] * Russell Bougie Personal Real Estate Corporation Layla Vera, Client Services Coordinator 604.646.8384 [email protected]
Kevin Kassautzki, Vice President 604.646.8393 [email protected] © 2016 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.
