5844 glover road
for sale
5844 glover road langley, bc
magnolia gardens
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2 STOREY RETAIL / RESIDENTIAL BUILDING HIGH PROFILE CORNER PROPERTY • MAIN FLOOR RETAIL SPACE FOR OWNER-USER • EXCELLENT LONG TERM LOCATION FOR INVESTOR
THE area excellent opportunity in the up and coming langley core
• 12,800 SF BUILDING, 20,691 SF LAND • 3 COMMERCIAL UNITS, 7 RESIDENTIAL SUITES • MANY RECENT UPGRADES • across from bmw, Mercedes, Porsche, jaguar
2 blocks to the proposed lrt transit hub near kwantlen university and luxury auto row ideal location near local businesses and residents excellent frontage on glover road near langley bypass
ENQUIRIES MAUREEN MOUNZER
Suburban Properties
604 669 1466
[email protected] CBRE LIMITED
1021 West Hastings Street | Suite 2500 Vancouver, BC V6E 0C3
FOR SALe
5844 GLOVER RD LANGLEY, BC residential unit
residential unit kitchen
main floor office
THE AREA
THE demographics
Langley is one of the most livable communities in the Lower Mainland and is often referred to as the ‘Epi-Center’ of the Fraser Valley. Langley boasts some of the area’s most notable retailers like Jaguar, Porsche, MEC, Greenhawk and more. Langley City is experiencing a resurgence of the Downtown core with historically low retail vacancy rates, increased residential growth, renewal of the Official Community Plan, and the announcement of the LRT via Fraser Highway. Langley’s strong demographics make this an ideal place to start a business or invest in commercial property.
average income $103,000 high (vs vancouver average of $95,000)
The subject property offers a unique opportunity to service many of the nearby residents, businesses, Luxury Car dealerships, industrial tenants, and Kwantlen University. • • • • • •
ideal for owner user to operate main floor business renovated 2nd floor units for additional rental income 1,700 Sf RETAIL SPACE - FRONTAGE + SIGNAGE TO GLOVER RD 2,400 Sf NEWLY RENOVATED OFFICE + POSSIBLE OUTSIDE AREA AMPLE PARKING FOR 31 CARS FULLY SPRINKLERED, HVAC + 10FT CEILINGS ON MAIN FLOOR
home ownership 74% high (vs vancouver average of 49.7%)
> 58,000 day time population population growth 7.2% high (vs bc average oF 5.4%) age 38.6 median (vs bc average of 42.4)
>36,000 day time work population
WILLOWBROOK MALL
LANGLEY GATE
ASHLEY FURNITURE LA Z BOY
200 Street
LRT
T
KWANTLEN POLYTECHNIC UNIVERSITY
SUBJECT
AD
URE
AUDI
LAND ROVER
SAVE ON FOODS
RO
y
INFINITY
TIM HORTONS
ER
FUT
Hw
PORSCHE LANGLEY LUXURY AUTO MALL JAGUAR
O
MERCEDES BENZ
BMW
OV
er
TOYOTA
GL
as
LANGLEY GATE
RESIDENTIAL
TRANSIT HUB
STARBUCKS
OCP ENTERTAINMENT DISTRICT
TWIN RINKS
CITY HALL
LANGLEY MALL
204 Street
Fr
TO HIGHWAY #1
Langley Bypass
#1 Y A HW HIG
SAFEWAY STARBUCKS
TWO STORY COMMERCIAL - RESIDENTIAL BUILDING SITE SIZE 20,691 SQ. FT. BUILDING SIZE 12,800 SQ. FT. (on two floors) MAIN FLOOR COMMERCIAL 3 Units Total available 1,700 sq. ft. + 2,400 sq.ft. available SECOND FLOOR RESIDENTIAL 7 Units parking 31 Stalls projected net income $206,136* price $4,899,000 (4.1% CAP on projected income) property taxes $23,368.17 (2017) LEGAL Lot 72, DL 37, Grp 2, NWDP 5888, PID 005-709-393 ZONING/ocp C1 - Downtown Commercial (Permits 4 story building with 1.60 FSR) *2 residential suites being renovated and 2 commercial units for lease
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RESIDENTIAL
MAGONLIA GARDENS
le g n
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PROPOSED TRANSIT HUB
D A O
R R E
V
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COMMERCIAL KWANTLEN POLYTECHNIC UNIVERSITY
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DUN
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LUXURY AUTO ROW BMW • MERCEDES PORSCHE • JAUGAR
THE AREA
ENQUIRIES MAUREEN MOUNZER Suburban Properties 604 669 1466 [email protected]
Next to Magnolia Gardens / “The Meadows”, a 40 acre residential development Steps from Kwantlen University Across from bmw, Mercedes, Porsche, Jaguar Two blocks from proposed lrt Excellent frontage, near Langley ByPass Many nearby residents and businesses
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
5844 glover road langley, bc
magnolia gardens
y gle
to
SUBJECT ss
ypa yb
gle
to
lan
y
cit
lan
D OA R R
E
V GLO
dun can way
2 STOREY RETAIL / RESIDENTIAL BUILDING HIGH PROFILE CORNER PROPERTY • MAIN FLOOR RETAIL SPACE FOR OWNER-USER • EXCELLENT LONG TERM LOCATION FOR INVESTOR
THE area excellent opportunity in the up and coming langley core
• 12,800 SF BUILDING, 20,691 SF LAND • 3 COMMERCIAL UNITS, 7 RESIDENTIAL SUITES • MANY RECENT UPGRADES • across from bmw, Mercedes, Porsche, jaguar
2 blocks to the proposed lrt transit hub near kwantlen university and luxury auto row ideal location near local businesses and residents excellent frontage on glover road near langley bypass
ENQUIRIES MAUREEN MOUNZER
Suburban Properties
604 669 1466
[email protected] CBRE LIMITED
1021 West Hastings Street | Suite 2500 Vancouver, BC V6E 0C3
FOR SALe
5844 GLOVER RD LANGLEY, BC residential unit
residential unit kitchen
main floor office
THE AREA
THE demographics
Langley is one of the most livable communities in the Lower Mainland and is often referred to as the ‘Epi-Center’ of the Fraser Valley. Langley boasts some of the area’s most notable retailers like Jaguar, Porsche, MEC, Greenhawk and more. Langley City is experiencing a resurgence of the Downtown core with historically low retail vacancy rates, increased residential growth, renewal of the Official Community Plan, and the announcement of the LRT via Fraser Highway. Langley’s strong demographics make this an ideal place to start a business or invest in commercial property.
average income $103,000 high (vs vancouver average of $95,000)
The subject property offers a unique opportunity to service many of the nearby residents, businesses, Luxury Car dealerships, industrial tenants, and Kwantlen University. • • • • • •
ideal for owner user to operate main floor business renovated 2nd floor units for additional rental income 1,700 Sf RETAIL SPACE - FRONTAGE + SIGNAGE TO GLOVER RD 2,400 Sf NEWLY RENOVATED OFFICE + POSSIBLE OUTSIDE AREA AMPLE PARKING FOR 31 CARS FULLY SPRINKLERED, HVAC + 10FT CEILINGS ON MAIN FLOOR
home ownership 74% high (vs vancouver average of 49.7%)
> 58,000 day time population population growth 7.2% high (vs bc average oF 5.4%) age 38.6 median (vs bc average of 42.4)
>36,000 day time work population
WILLOWBROOK MALL
LANGLEY GATE
ASHLEY FURNITURE LA Z BOY
200 Street
LRT
T
KWANTLEN POLYTECHNIC UNIVERSITY
SUBJECT
AD
URE
AUDI
LAND ROVER
SAVE ON FOODS
RO
y
INFINITY
TIM HORTONS
ER
FUT
Hw
PORSCHE LANGLEY LUXURY AUTO MALL JAGUAR
O
MERCEDES BENZ
BMW
OV
er
TOYOTA
GL
as
LANGLEY GATE
RESIDENTIAL
TRANSIT HUB
STARBUCKS
OCP ENTERTAINMENT DISTRICT
TWIN RINKS
CITY HALL
LANGLEY MALL
204 Street
Fr
TO HIGHWAY #1
Langley Bypass
#1 Y A HW HIG
SAFEWAY STARBUCKS
TWO STORY COMMERCIAL - RESIDENTIAL BUILDING SITE SIZE 20,691 SQ. FT. BUILDING SIZE 12,800 SQ. FT. (on two floors) MAIN FLOOR COMMERCIAL 3 Units Total available 1,700 sq. ft. + 2,400 sq.ft. available SECOND FLOOR RESIDENTIAL 7 Units parking 31 Stalls projected net income $206,136* price $4,899,000 (4.1% CAP on projected income) property taxes $23,368.17 (2017) LEGAL Lot 72, DL 37, Grp 2, NWDP 5888, PID 005-709-393 ZONING/ocp C1 - Downtown Commercial (Permits 4 story building with 1.60 FSR) *2 residential suites being renovated and 2 commercial units for lease
y
it c y
RESIDENTIAL
MAGONLIA GARDENS
le g n
a
l to
PROPOSED TRANSIT HUB
D A O
R R E
V
O GL
COMMERCIAL KWANTLEN POLYTECHNIC UNIVERSITY
le g n
a ol
t
s
s a p y yb
DUN
CAN
WAY
LUXURY AUTO ROW BMW • MERCEDES PORSCHE • JAUGAR
THE AREA
ENQUIRIES MAUREEN MOUNZER Suburban Properties 604 669 1466 [email protected]
Next to Magnolia Gardens / “The Meadows”, a 40 acre residential development Steps from Kwantlen University Across from bmw, Mercedes, Porsche, Jaguar Two blocks from proposed lrt Excellent frontage, near Langley ByPass Many nearby residents and businesses
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
