schoolhouse street CoquitLAm, BC - LoopNet
Partnership. Performance.
court ordered sale
for Sale Fully improved, state-of-the-art bowling centre with 38 lanes and adjoining restaurant, located just off Lougheed Highway.
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
228
schoolhouse streeT coquitlam, BC
228
schoolhouse street coquitlam, BC
Property Summary
Opportunity Avison Young is pleased to introduce the opportunity to acquire two (2) premier strata units in the retail centre located at 228 Schoolhouse Street in Coquitlam, BC. The offering is comprised of a fully improved 38-lane bowling centre and the adjoining restaurant (may be sold separately). The bowling centre is currently being operated as the Zone Bowling Centre and the restaurant is being operated as Big River Restaurant and Taphouse. These two (2) strata lots may be acquired with vacant possession, providing a tremendous opportunity for an owner-user.
Municipal Address 228 Schoolhouse Street Coquitlam, BC
Strata Plan BCS3928
Year Built 2009
The Development
Zoning
The retail centre located at 228 Schoolhouse Street was completed in 2009 and is anchored by the Bowling Centre, which features 38 lanes in a state-ofthe-art facility. Most CRUs have interior access to the bowling alley, providing a tremendous amenity to bowlers. The retail centre is home to such other tenants as Caffé Vibrato, Papa Leo’s Pizza, I Love Sushi, Pearl Fever, Quizno’s, Alliance RMT, Kum Ki Wa Korean Restaurant, Robertson Family’s Kitchen Idea Centre and Pho 99. Schoolhouse Street has exposure to over 10,000 cars per day (source: City of Coquitlam).
CS-1
Parking Shared surface parking
Existing Financing Treat as Clear Title
Location
Price* SL 15 – Restaurant
$1,750,000
SL 16 – Bowling Centre
$7,500,000
* Available separately
The property is located in a well-established retail node on the west side of Schoolhouse Street, two (2) blocks north of Lougheed Highway and immediately to the north of the SilverCity Coquitlam movie theatre. Other major retailers in the immediate area include the Real Canadian Superstore, HomeSense, Staples, Canadian Tire and IKEA, Office Depot, and Toys-R-Us. With the completion of the Port Mann Highway 1 Improvement Project, the property now benefits from easy access to the highway, leading on to Surrey and Langley to the east, and Burnaby to the West.
Property Highlights 99Rare opportunity to acquire a bowling centre and adjoining restaurant 99Fully equipped premises with new, state-of-the-art equipment 99Located in the heart of the Lougheed Highway retail node in Coquitlam 99Excellent exposure along Schoolhouse Street
99Ample parking 99Most CRUs have interior access to the Bowling Centre, providing convenience to bowlers 99Tremendous opportunity for owner-occupiers and investors alike to capitalize on the low interest rate environment.
Strata Lots Unit
Unit 15 - Restaurant
Unit 16 - Bowling Centre
Strata Lot
Strata Lot 15
Strata Lot 16
PID
028-324-391
028-324-404
Size*
5,115 sf
35,198 sf
Property Taxes 2013
$45,344
($8.86 psf)
$251,474
($7.14 psf)
Annual Strata Fees
$20,317
($3.97 psf)
$140,036
($3.98 psf)
Total Taxes & Strata Fees
$65,661
($12.84 psf)
$391,510
($11.12 psf)
Use
Restaurant
Price / psf
$1,750,000
$342 psf
Bowling Centre $7,500,000
$213 psf
* All measurements are approximate and subject to verification.
Building Plan LOADING
Unit 16 Bowling Centre 35,198 sf
Unit 15 Restaurant 5,115 sf
* This diagram is for illustrative purposes only and is not drawn to scale.
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Subject Property 228 Schoolhouse Street
Schoolhouse Street
Partnership. Performance. Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
© 2014 Avison Young (Canada) Inc. 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 (BC) Inc.
court ordered sale
for Sale Fully improved, state-of-the-art bowling centre with 38 lanes and adjoining restaurant, located just off Lougheed Highway.
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
228
schoolhouse streeT coquitlam, BC
228
schoolhouse street coquitlam, BC
Property Summary
Opportunity Avison Young is pleased to introduce the opportunity to acquire two (2) premier strata units in the retail centre located at 228 Schoolhouse Street in Coquitlam, BC. The offering is comprised of a fully improved 38-lane bowling centre and the adjoining restaurant (may be sold separately). The bowling centre is currently being operated as the Zone Bowling Centre and the restaurant is being operated as Big River Restaurant and Taphouse. These two (2) strata lots may be acquired with vacant possession, providing a tremendous opportunity for an owner-user.
Municipal Address 228 Schoolhouse Street Coquitlam, BC
Strata Plan BCS3928
Year Built 2009
The Development
Zoning
The retail centre located at 228 Schoolhouse Street was completed in 2009 and is anchored by the Bowling Centre, which features 38 lanes in a state-ofthe-art facility. Most CRUs have interior access to the bowling alley, providing a tremendous amenity to bowlers. The retail centre is home to such other tenants as Caffé Vibrato, Papa Leo’s Pizza, I Love Sushi, Pearl Fever, Quizno’s, Alliance RMT, Kum Ki Wa Korean Restaurant, Robertson Family’s Kitchen Idea Centre and Pho 99. Schoolhouse Street has exposure to over 10,000 cars per day (source: City of Coquitlam).
CS-1
Parking Shared surface parking
Existing Financing Treat as Clear Title
Location
Price* SL 15 – Restaurant
$1,750,000
SL 16 – Bowling Centre
$7,500,000
* Available separately
The property is located in a well-established retail node on the west side of Schoolhouse Street, two (2) blocks north of Lougheed Highway and immediately to the north of the SilverCity Coquitlam movie theatre. Other major retailers in the immediate area include the Real Canadian Superstore, HomeSense, Staples, Canadian Tire and IKEA, Office Depot, and Toys-R-Us. With the completion of the Port Mann Highway 1 Improvement Project, the property now benefits from easy access to the highway, leading on to Surrey and Langley to the east, and Burnaby to the West.
Property Highlights 99Rare opportunity to acquire a bowling centre and adjoining restaurant 99Fully equipped premises with new, state-of-the-art equipment 99Located in the heart of the Lougheed Highway retail node in Coquitlam 99Excellent exposure along Schoolhouse Street
99Ample parking 99Most CRUs have interior access to the Bowling Centre, providing convenience to bowlers 99Tremendous opportunity for owner-occupiers and investors alike to capitalize on the low interest rate environment.
Strata Lots Unit
Unit 15 - Restaurant
Unit 16 - Bowling Centre
Strata Lot
Strata Lot 15
Strata Lot 16
PID
028-324-391
028-324-404
Size*
5,115 sf
35,198 sf
Property Taxes 2013
$45,344
($8.86 psf)
$251,474
($7.14 psf)
Annual Strata Fees
$20,317
($3.97 psf)
$140,036
($3.98 psf)
Total Taxes & Strata Fees
$65,661
($12.84 psf)
$391,510
($11.12 psf)
Use
Restaurant
Price / psf
$1,750,000
$342 psf
Bowling Centre $7,500,000
$213 psf
* All measurements are approximate and subject to verification.
Building Plan LOADING
Unit 16 Bowling Centre 35,198 sf
Unit 15 Restaurant 5,115 sf
* This diagram is for illustrative purposes only and is not drawn to scale.
Braid SkyTrain Station
ighw
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Lou
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H ig
hw ay
Trans
da H Cana
Subject Property 228 Schoolhouse Street
Schoolhouse Street
Partnership. Performance. Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
© 2014 Avison Young (Canada) Inc. 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 (BC) Inc.
