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SIXTH STREET NEW WESTMINSTER, BC
Partnership. Performance.
FOR SALE Ideal Investment/Owner User opportunity in the heart of New Westminster with 3,864 square feet of main floor vacant space available.
Josh Sookero, Principal 604.647.5091 [email protected]
422
SIXTH STREET NEW WESTMINSTER, BC Opportunity
Property Details
Avison Young is pleased to introduce an investment/owner user opportunity to purchase a 100% interest in 422 Sixth Street, New Westminster, B.C. (the “Property”). This 15,416 square foot four-storey well maintained office building has a long term lease in place on three of the four floors to a high quality tenant. Furthermore, the building currently provides a 3,864 sq. ft. main floor opportunity for an immediate owner’s occupation or to be leased to a tenant.
Legal Plan NWP56671
Legal Description
LOT 50, NEW WEST DISTRICT, PLAN NWP56671 SUBURBAN BLOCK 7, GROUP 1
Location
PID
005-467-004
Building Size
Located in the heart of New Westminster’s Uptown district, the property is prominently situated on Sixth Street providing easy accessibility from all directions by car, direct access to major bus routes, and is walking distance to the skytrain. The location provides a wide variety of amenities including multiple banking, grocery, and food options.
Year Built
Property Highlights
Site Size
13,591 sq. ft. 15,416 sq. ft. 1962
• Ideal investment/owner user opportunity with long term income in place • High quality long term tenant occupying three of the Property’s four floors (Basement, second, and third floors) • Well maintained building with new interior renovations • Passenger elevator • The retail/main floor has been renovated to a move-in ready condition • Zoning: C-3(C-3A): Mixed Use High-Rise • 29 surface parking stalls • Walking distance to skytrain, serviced by major bus routes, and excellent amenities in the area
Parking
29 parking stalls
Zoning
C-3(C-3A): Mixed Use High-Rise
Property Taxes $59,917.66 (2017)
Stabilized NOI $298,047
Asking Price $7,100,000
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Image Source: CityViews
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Columbia Skytrain Station New Westminster Skytrain Station
Image Source: Google
Floor Plans Basement: 3,864 SF (LEASED)
Main Floor: 3,816 SF (AVAILABLE)
Second Floor: 3,868 SF (LEASED)
Third Floor: 3,868 SF (LEASED)
Tenant Profile Avocette Technologies
Avocette Technologies Inc., formerly TP Systems, is an information technology firm that was founded in 1977. They are a leading provider of IT products and services to public sector clients across Canada and the USA. Avocette specializes in providing managed services, product integration, consulting and IT staffing solutions by leveraging the skills of their employees in multiple locations across North America. Currently they have about 100 employees across their New Westminster and Victoria offices.
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E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be ANVIL WAY correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young. 130TH ST.
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SIXTH STREET NEW WESTMINSTER, BC
Partnership. Performance.
FOR SALE Ideal Investment/Owner User opportunity in the heart of New Westminster with 3,864 square feet of main floor vacant space available.
Josh Sookero, Principal 604.647.5091 [email protected]
422
SIXTH STREET NEW WESTMINSTER, BC Opportunity
Property Details
Avison Young is pleased to introduce an investment/owner user opportunity to purchase a 100% interest in 422 Sixth Street, New Westminster, B.C. (the “Property”). This 15,416 square foot four-storey well maintained office building has a long term lease in place on three of the four floors to a high quality tenant. Furthermore, the building currently provides a 3,864 sq. ft. main floor opportunity for an immediate owner’s occupation or to be leased to a tenant.
Legal Plan NWP56671
Legal Description
LOT 50, NEW WEST DISTRICT, PLAN NWP56671 SUBURBAN BLOCK 7, GROUP 1
Location
PID
005-467-004
Building Size
Located in the heart of New Westminster’s Uptown district, the property is prominently situated on Sixth Street providing easy accessibility from all directions by car, direct access to major bus routes, and is walking distance to the skytrain. The location provides a wide variety of amenities including multiple banking, grocery, and food options.
Year Built
Property Highlights
Site Size
13,591 sq. ft. 15,416 sq. ft. 1962
• Ideal investment/owner user opportunity with long term income in place • High quality long term tenant occupying three of the Property’s four floors (Basement, second, and third floors) • Well maintained building with new interior renovations • Passenger elevator • The retail/main floor has been renovated to a move-in ready condition • Zoning: C-3(C-3A): Mixed Use High-Rise • 29 surface parking stalls • Walking distance to skytrain, serviced by major bus routes, and excellent amenities in the area
Parking
29 parking stalls
Zoning
C-3(C-3A): Mixed Use High-Rise
Property Taxes $59,917.66 (2017)
Stabilized NOI $298,047
Asking Price $7,100,000
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Image Source: CityViews
St re et
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Columbia Skytrain Station New Westminster Skytrain Station
Image Source: Google
Floor Plans Basement: 3,864 SF (LEASED)
Main Floor: 3,816 SF (AVAILABLE)
Second Floor: 3,868 SF (LEASED)
Third Floor: 3,868 SF (LEASED)
Tenant Profile Avocette Technologies
Avocette Technologies Inc., formerly TP Systems, is an information technology firm that was founded in 1977. They are a leading provider of IT products and services to public sector clients across Canada and the USA. Avocette specializes in providing managed services, product integration, consulting and IT staffing solutions by leveraging the skills of their employees in multiple locations across North America. Currently they have about 100 employees across their New Westminster and Victoria offices.
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WINSTON STREET
AY
Government Road
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CONRAD ST.
BU
Municipal Hall
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GTO
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AY
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Austin Heights
Lougheed Town Centre SkyTrain
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ENTERPRISE ST.
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NORTH ROAD
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GREENWOOD ST.
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NorthDelta © 2017 Avison Young. All rights reserved. Hill 124TH STREET
80TH AVE.
76TH AVE.
78A AVE.
78TH A
134TH ST.
120TH STREET
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be ANVIL WAY correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young. 130TH ST.
112TH STREET
84TH AVE.
132ND ST.
AY EL W
NORTH
HE
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Josh Sookero, Principal 604.647.5091 [email protected]
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