85 Electronic Avenue, Port Moody, BC
FOR SALE | INDUSTRIAL
85 Electronic Avenue, Port Moody, BC 24,881 sq ft
PORT MOODY CENTRE RAPID TRANSIT STATION
17,400 sq ft building on 24,881 sq ft lot Steve Caldwell
• Future High Rise Development Site • Next to Evergreen Line • Located in Port Moody Centre Station Area
DTZ VANCOUVER REAL ESTATE LTD.
Executive Vice President, Partner direct 604 895 2224 mobile 604 809 3122 [email protected] Chris McIntyre Personal Real Estate Corporation direct 604 630 3392 mobile 604 889 0699 [email protected]
800 - 475 West Georgia St. Vancouver, BC V6B 4M9 604 684 7117 dtzvancouver.com @DTZVancouver
FOR SALE | INDUSTRIAL
85 Electronic Avenue, Port Moody, BC 24,881 sq ft Location
Vendor Lease Back
The property is centrally located on the north west corner of Spring Street and Electronic Avenue in central Port Moody. The property is strategically located one block north of St Johns street and within a half a block walking distance of the Evergreen Line Station currently under construction.
The vendor will lease back the entire premises for $8.50 per sq ft net per annum for one year from date of closing ($146,939).
Zoning The property is currently zoned M-1 (industrial). The City of Port Moody has adopted a new Official Community Plan (OCP). The property falls within Moody Centre Station transit-oriented development area. Said area supports development of mixed use, pedestrian friendly development within a 400 metre radius of Moody Central Station. Building forms are diverse ranging from low and mid rise forms, and include a mix of uses including residential, retail, office, service, civic, institutional, recreational and cultural uses. Building heights not to exceed 12 storeys is encouraged as part of a comprehensive plan.
Description of Improvements This building is comprised of two sections, the original being the easternmost bay that is currently utilized as a storage and cutting area. The westernmost portion of the premises which is made up of both office and warehouse area is the most recent addition to the building and is interconnected with the original warehouse area via a large passageway in the demising wall. There are 5 ton cranes in each bay which will be removed when the tenant vacates.
Building Features • 18’ clear ceiling heights in the Easternmost warehouse bay • 24’ clear ceiling heights in the Westernmost warehouse bay • Heavy three phase industrial power • 2 grade level loading doors
Legal Description
• Heavy floor load capacity
Lot 61 DL 190 SP1 NWD P137998 PID 008 449 660
• Fully finished and air conditioned office area
Lot Size
• Ample parking and truck manoeuvring room
24,881 sq ft (Approx. 110’ x 220’)
• All lighting within the warehouse area has recently been upgraded to power smart standards
Building Area (approx.)
Asking price
Warehouse (manufacturing) area
13,887 sq ft
Ground floor office
1,700 sq ft
Mezzanine office
1,700 sq ft
Total
17,287 sq ft
$5,250,000
Property Taxes (2014) $37,505.48
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Vancouver Real Estate Ltd. March 11, 2015 12:50 PM
85 Electronic Avenue, Port Moody, BC 24,881 sq ft
PORT MOODY CENTRE RAPID TRANSIT STATION
17,400 sq ft building on 24,881 sq ft lot Steve Caldwell
• Future High Rise Development Site • Next to Evergreen Line • Located in Port Moody Centre Station Area
DTZ VANCOUVER REAL ESTATE LTD.
Executive Vice President, Partner direct 604 895 2224 mobile 604 809 3122 [email protected] Chris McIntyre Personal Real Estate Corporation direct 604 630 3392 mobile 604 889 0699 [email protected]
800 - 475 West Georgia St. Vancouver, BC V6B 4M9 604 684 7117 dtzvancouver.com @DTZVancouver
FOR SALE | INDUSTRIAL
85 Electronic Avenue, Port Moody, BC 24,881 sq ft Location
Vendor Lease Back
The property is centrally located on the north west corner of Spring Street and Electronic Avenue in central Port Moody. The property is strategically located one block north of St Johns street and within a half a block walking distance of the Evergreen Line Station currently under construction.
The vendor will lease back the entire premises for $8.50 per sq ft net per annum for one year from date of closing ($146,939).
Zoning The property is currently zoned M-1 (industrial). The City of Port Moody has adopted a new Official Community Plan (OCP). The property falls within Moody Centre Station transit-oriented development area. Said area supports development of mixed use, pedestrian friendly development within a 400 metre radius of Moody Central Station. Building forms are diverse ranging from low and mid rise forms, and include a mix of uses including residential, retail, office, service, civic, institutional, recreational and cultural uses. Building heights not to exceed 12 storeys is encouraged as part of a comprehensive plan.
Description of Improvements This building is comprised of two sections, the original being the easternmost bay that is currently utilized as a storage and cutting area. The westernmost portion of the premises which is made up of both office and warehouse area is the most recent addition to the building and is interconnected with the original warehouse area via a large passageway in the demising wall. There are 5 ton cranes in each bay which will be removed when the tenant vacates.
Building Features • 18’ clear ceiling heights in the Easternmost warehouse bay • 24’ clear ceiling heights in the Westernmost warehouse bay • Heavy three phase industrial power • 2 grade level loading doors
Legal Description
• Heavy floor load capacity
Lot 61 DL 190 SP1 NWD P137998 PID 008 449 660
• Fully finished and air conditioned office area
Lot Size
• Ample parking and truck manoeuvring room
24,881 sq ft (Approx. 110’ x 220’)
• All lighting within the warehouse area has recently been upgraded to power smart standards
Building Area (approx.)
Asking price
Warehouse (manufacturing) area
13,887 sq ft
Ground floor office
1,700 sq ft
Mezzanine office
1,700 sq ft
Total
17,287 sq ft
$5,250,000
Property Taxes (2014) $37,505.48
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Vancouver Real Estate Ltd. March 11, 2015 12:50 PM
