11020 HorSeSHoe Way RIChMond, BC

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11020

Horseshoe Way Richmond, BC

For Sale

Mathew Sunderland*, Vice-President 604.647.1346 [email protected] *Mathew Sunderland Personal Real Estate Corporation

Fully Leased Investment Asset Jeron Dillon, Associate 604.647.1330 [email protected]

11020

Horseshoe Way Richmond, BC

Opportunity 11020 Horseshoe Way offers a rare opportunity to own a fully leased industrial asset in South Richmond’s growing community. The property is fully leased by two strong, long-term tenants with rent escalations throughout the lease term. South Richmond has been a highly desirable area since the construction of Ironwood Mall and now Fantasy Gardens, which has brought companies to the area including Loblaws City Market, Canadian Tire, Save on Foods, London Drugs, Boston Pizza, and Tim Hortons. The properties IB1 zoning offers a wide range of possible uses including, automotive, childcare, restaurant, brewery/winery/ distillery, and stand-alone office. The maximum floor area ratio (far) is 1.0.

Property Details

City of Richmond Interactive Map Municipal Map

Highlights • High exposure • Fully leased • Ample parking • Stable income with increasing rental rates

Legal Address Lot A Block 3N Plan 77768 Section 1 Range 6W Land District 36

PID 001-686-707

Built 1990

Zoning IB1

Total Building Area 8,778 square feet

Site Area 33,367 square feet

Net Operating Income $151,206.00 per annum

Property Taxes $44,662.94 (2015)

Asking Price $4,888,888

This map is a user generated static output from an Internet mapping site and is for reference only. Data layers that appear on this map may or may not be accurate, current, or otherwise reliable. © City of Richmond

Steveston Highway

IRON WOOD MALL No 5 road

Subject Property

Source: Google

Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada

Mathew Sunderland*, Vice-President 604.647.1346 [email protected] *Mathew Sunderland Personal Real Estate Corporation

© 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.

avisonyoung.com

Jeron Dillon, Associate 604.647.1330 [email protected]