Arbutus street VanCOuVER, BC
for Sale
Partnership. Performance. Prime Property Located Along the Arbutus Corridor Opportunity for an owner/occupant to acquire a well improved office building in move-in ready condition or for an investor to re-lease or redevelop the property.
Jason Mah*, Principal 604.647.5096 [email protected] * Personal Real Estate Corporation
Matt Walker, Principal 604.647.5074 [email protected]
2855
Arbutus Street Vancouver, BC
2855
Arbutus Street Vancouver, BC
Property Details
Property Overview
Municipal Address
This prime property is improved with a three-storey office building containing approximately 23,063 square feet interior area with a 19,000 square foot twolevel underground parkade that accommodates 46 parking stalls. The property is situated within the highly desirable Kitsilano neighbourhood of Vancouver, immediately south of Downtown Vancouver. On a corner location, the Property is located on popular Arbutus Street, just blocks from the South Granville Shopping district, and three blocks from the Broadway Corridor, which features a mix of fashion boutiques, home furnishing stores, cafés and restaurants.
2855 Arbutus Street, Vancouver, BC, V6K 2S2
Legal Description
LOTS 11 & 12 BLK 404 DL 526 PLN 2300, LOT 12, BLOCK 404, PLAN VA P2300, DISTRICT LOT 526, NEW WESTMINSTER LAND DISTRICT
PID
013-891-685
Investment Highlights
Year Built 1980
• Strategically located on a prominent corner on Arbutus Street within three blocks of the Broadway Corridor, which is BC’s largest employment centre after the Downtown Vancouver market
Site Size
10,375 sf (83 x 125)
Parking Area
46 underground stalls - 19,000 sf
Storeys
• Located three blocks from the proposed Broadway Subway
Interior Area
• Prime redevelopment opportunity due to the anticipated significant transformation and additional density along the Arbutus Corridor with the proposed Millennium Line Broadway Extension (Broadway Subway)
Vacant Possession
• The Broadway submarket is one of the strongest office markets in Metro Vancouver with 7.5% vacancy
Zoning
• Broadway is Vancouver’s most active bus route with approx. 110,000 weekday transit trips
3
23,063 sf
September 30, 2018 C - 2 Commercial
• Convenient access to a network of major vehicular routes and a nine-minute drive to Downtown Vancouver
92 97
76
Walk Score: 92 “Walker’s Paradise” Daily errands do not require a car
BIKE Score: 97
“Biker’s Paradise”Some hills, excellent bike lanes
TRANSIT Score: 76 “Excellent Transit” Transit is convenient for most trips
• Property will be delivered clear title • 46 secure parking stalls • Well situated for an investor or owner/occupier seeking to acquire nicely improved office premises with long-term redevelopment potential
Price and Offering Process Avison Young has been retained by the Owners to market the Property “For Sale” on an exclusive basis. Offers to purchase will be evaluated, based on the purchase price for the Property, the prospective purchaser’s ability to complete the transaction, and the timelines and proposed condition(s) of closing among other criteria.
Interior Highlights
Shop
Eat
Play
Learn
1. Safeway
8. Cactus Club
18. Kitsilano Secondary
2. IGA
9. JOEY Broadway
13. Kitsilano Community Centre
3. Bed Bath & Beyond
10. Vij’s Rangoli
4. Pier 1 Imports
11. Heirloom Vegetarian
5. Indigo
12. West Restaurant
19. Lord Tennyson Elementary
14. Kitsilano Ice Rink
6. Pottery Barn
20. St. John’s School
15. Connaught Park 16. Fifth Avenue Cinemas 17. Vancouver Lawn Tennis & Badminton Club
7. West Elm
We st 4th ave nue
16
Subject Property
19 We st 12 th ave nue
3
4
8 5
11 12
9 gran ville stree t
15
Ext ens ion
fir stree t
13
20
We st Broadway
burr ard Stree t
18
2
arbu tus gree nway
14
Mill enn ium lin e Broadway
arbu tus stree t
vine stree t
1
6 10
7
17
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Jason Mah*, Principal 604.647.5096 [email protected] * Personal Real Estate Corporation
Matt Walker, Principal 604.647.5074 [email protected]
© 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.
Partnership. Performance. Prime Property Located Along the Arbutus Corridor Opportunity for an owner/occupant to acquire a well improved office building in move-in ready condition or for an investor to re-lease or redevelop the property.
Jason Mah*, Principal 604.647.5096 [email protected] * Personal Real Estate Corporation
Matt Walker, Principal 604.647.5074 [email protected]
2855
Arbutus Street Vancouver, BC
2855
Arbutus Street Vancouver, BC
Property Details
Property Overview
Municipal Address
This prime property is improved with a three-storey office building containing approximately 23,063 square feet interior area with a 19,000 square foot twolevel underground parkade that accommodates 46 parking stalls. The property is situated within the highly desirable Kitsilano neighbourhood of Vancouver, immediately south of Downtown Vancouver. On a corner location, the Property is located on popular Arbutus Street, just blocks from the South Granville Shopping district, and three blocks from the Broadway Corridor, which features a mix of fashion boutiques, home furnishing stores, cafés and restaurants.
2855 Arbutus Street, Vancouver, BC, V6K 2S2
Legal Description
LOTS 11 & 12 BLK 404 DL 526 PLN 2300, LOT 12, BLOCK 404, PLAN VA P2300, DISTRICT LOT 526, NEW WESTMINSTER LAND DISTRICT
PID
013-891-685
Investment Highlights
Year Built 1980
• Strategically located on a prominent corner on Arbutus Street within three blocks of the Broadway Corridor, which is BC’s largest employment centre after the Downtown Vancouver market
Site Size
10,375 sf (83 x 125)
Parking Area
46 underground stalls - 19,000 sf
Storeys
• Located three blocks from the proposed Broadway Subway
Interior Area
• Prime redevelopment opportunity due to the anticipated significant transformation and additional density along the Arbutus Corridor with the proposed Millennium Line Broadway Extension (Broadway Subway)
Vacant Possession
• The Broadway submarket is one of the strongest office markets in Metro Vancouver with 7.5% vacancy
Zoning
• Broadway is Vancouver’s most active bus route with approx. 110,000 weekday transit trips
3
23,063 sf
September 30, 2018 C - 2 Commercial
• Convenient access to a network of major vehicular routes and a nine-minute drive to Downtown Vancouver
92 97
76
Walk Score: 92 “Walker’s Paradise” Daily errands do not require a car
BIKE Score: 97
“Biker’s Paradise”Some hills, excellent bike lanes
TRANSIT Score: 76 “Excellent Transit” Transit is convenient for most trips
• Property will be delivered clear title • 46 secure parking stalls • Well situated for an investor or owner/occupier seeking to acquire nicely improved office premises with long-term redevelopment potential
Price and Offering Process Avison Young has been retained by the Owners to market the Property “For Sale” on an exclusive basis. Offers to purchase will be evaluated, based on the purchase price for the Property, the prospective purchaser’s ability to complete the transaction, and the timelines and proposed condition(s) of closing among other criteria.
Interior Highlights
Shop
Eat
Play
Learn
1. Safeway
8. Cactus Club
18. Kitsilano Secondary
2. IGA
9. JOEY Broadway
13. Kitsilano Community Centre
3. Bed Bath & Beyond
10. Vij’s Rangoli
4. Pier 1 Imports
11. Heirloom Vegetarian
5. Indigo
12. West Restaurant
19. Lord Tennyson Elementary
14. Kitsilano Ice Rink
6. Pottery Barn
20. St. John’s School
15. Connaught Park 16. Fifth Avenue Cinemas 17. Vancouver Lawn Tennis & Badminton Club
7. West Elm
We st 4th ave nue
16
Subject Property
19 We st 12 th ave nue
3
4
8 5
11 12
9 gran ville stree t
15
Ext ens ion
fir stree t
13
20
We st Broadway
burr ard Stree t
18
2
arbu tus gree nway
14
Mill enn ium lin e Broadway
arbu tus stree t
vine stree t
1
6 10
7
17
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Jason Mah*, Principal 604.647.5096 [email protected] * Personal Real Estate Corporation
Matt Walker, Principal 604.647.5074 [email protected]
© 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.
