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for sale quality INDUSTRIAL facility

UNIT 100 & 102 LYNN CREEK BUSINESS CENTRE 375 LYNN AVENUE | NORTH VANCOUVER, BRITISH COLUMBIA

First-class facility RECENTLY constructed Strategically located in Lynnmour industrial area Across from North Shore Power Centre – anchored by Canadian Tire FOR MORE INFORMATION PLEASE CONTACT: Mehdi Shokri

Marcus Keighron*

Associate Vice President | Investment Properties Group 604 662 5179 [email protected]

Associate Vice President | Office Properties Group 604 662 5143 [email protected] *Personal Real Estate Corporation

UNIT 100 & 102 LYNN CREEK BUSINESS CENTRE 375 LYNN AVENUE | NORTH VANCOUVER, BRITISH COLUMBIA OPPORTUNITY Excellent user-investor opportunity to acquire the first-in-class industrial and office space.

PROPERTY PROFILE • Built in 2009, Lynn Creek Business Centre is improved with a two-storey tilt-up construction • The offering contains two strata units (100 & 102) consisting of 9,449 sq. ft. • First class commercial, light industrial and office space

location • The subject property is strategically located on the corner of Lynn Avenue and Crown Street, across from North Shore Power Centre, a regional mall anchored by Canadian Tire, McDonald’s, and Tim Hortons • Other nearby commercial centre includes Park & Tilford Shopping Centre, anchored by Save-on-Foods and the new NorthWoods Business Park • The Lynn Creek location has undergone significant service redevelopment in the last three years with this region quickly becoming the commercial and retail hub of North Vancouver • Adjacent to Lynn Creek

FEATURES • • • • • • • • • •

24’ high ceilings in the warehouse area 2 grade loading doors Showroom and warehouse on main floor Well improved office space on 2nd floor with kitchenette, server room, large boardroom, copy room, and private offices HVAC equipped (showroom and second floor office only) 10 parking stalls Shower and change room 2 washrooms in warehouse Beautiful West Coast style landscaping Creek and North Shore Mountain views

for sale executive summary Municipal Address 375 Lynn Avenue North Vancouver, British Columbia

AVAILABLE AREA UNIT 100 Mezzanine Ground Floor Total

UNIT 102 1,370 sq. ft. Mezzanine 4,570 sq. ft. Ground Floor 5,970 sq. ft. Total Contiguous Area: 9,449 sq. ft.

802 sq. ft. 2,677 sq. ft. 3,479 sq. ft.

Legal Description Strata Lot 1 District Lot 204 Group 1 New Westminster Strata District Plan BCS3934 Together with an interest in the Common Property in proportion to the Unit Entitlement of the Strata Lot as shown on Form V Strata Lot 2 District Lot 204 Group 1 New Westminster Strata District Plan BCS3934 Together with an interest in the Common Property in proportion to the Unit Entitlement of the Strata Lot as shown on Form V PID 028-325-311 028-325-303 size Warehouse & Showroom Space: 7,247 sq. ft. Office Space: 2,172 sq. ft. Total: 9,449 sq. ft. zoning I3 - Light Industrial

Unit 102

Unit 100

monthly strata fees Unit 100 - $623.04 Unit 102 - $1,064.75 2014 Assessment Value Unit 100 - $1,580,000 Unit 102 - $867,000 Asking price $2,795,000

for sale quality INDUSTRIAL facility

UNIT 100 & 102 LYNN CREEK BUSINESS CENTRE 375 LYNN AVENUE | NORTH VANCOUVER, BRITISH COLUMBIA

5 6 7 8

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Mt. Seymour Pkwy

SUBJECT 1

Crown Street

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Mountain Highway

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Harbour Avenue

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Keith Road

Lynn Avenue

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Park & Tilford Shops & Gardens Canadian Tire McDonald’s Tim Hortons Mark’s Work Wearhouse Starbucks BMO Wendy’s

Brooksbank Avenue

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2

3

4

6

Main

Stree

t

7 8

t

Main Stree

Second Narrows Bridge

FOR MORE INFORMATION PLEASE CONTACT: feet km

Mehdi Shokri

Marcus Keighron*

Associate Vice President Investment Properties Group 604 662 5179 [email protected]

Associate Vice President Office Properties Group 604 662 5143 [email protected]

CBRE Limited | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3 | www.cbre.ca

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4000

*Personal Real Estate Corporation

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