FLEX-OFFICE INVESTMENT OPPORTUNITY
FOR SALE
FLEX- OFFICE INVESTMENT OPPORTUNITY 1 7 8 1 We s t 7 5 th Av e n u e , Va n c o u v e r B . C .
CBRE Limited is pleased to present the rare opportunity to purchase 1781 West 75th Avenue, a two-storey, 46,032 SF flex-office building in South Vancouver’s burgeoning Marpole neighbourhood. Property Highlights:
Close proximity to YVR, UBC, Downtown Vancouver and Richmond, with easy access via Granville St., Southwest Marine Drive and HWY 99
Flexible mix of office, warehouse, shipping and high-tech manufacturing/lab space
Fully leased to a single tenant with 7.75 years remaining
Annual rent steps of 3.0% per annum provide for consistent income growth
Option to renew lease term for two consecutive five year terms; limited options for tenant to relocate
FOR MORE INFORMATION PLEASE CONTACT:
Tony Quattrin* Vice Chairman National Investment Team Vancouver 604.662.5154 [email protected]
Blair Quinn* Executive Vice President The High Technology Facilities Group 604.662.5161 [email protected]
Jim Szabo* Vice Chairman National Investment Team Vancouver 604.662.5125 [email protected]
*Personal Real Estate Corporation The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
CBRE Limited Vancouver | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3
FOR SALE:
1 7 8 1 W e s t 7 5 th A v e n u e , Va n c o u v e r , B . C .
BUILDING DETAILS • 46,032 SF flex-office building on a 1.38 acre site • Single-tenant building fully-leased with 7.75 years remaining in term • Renovated extensively in 1998, 2004 and 2012 • Four loading bays: three at-grade and one dock level • Second floor served by 4 stairways and a double door, freight-capable elevator
• Large board rooms and flexible demountable office space
PROPERTY SUMMARY Municipal Address 1781 West 75th Ave. Vancouver BC Legal Descriptions Lt 2, 3, 4 Block 2 Dist Lot 317 Pln 20074 PIDs 004-264-100 004-264-126 004-264-231
Site Area 1.38 acres (60,063 SF) Approximate Frontage 295 feet along 75th Avenue Zoning CD-1
MIXED-USE BUILDING • Office / Admin • Warehouse • Manufacturing • Packaging / Distribution • Level 2 Biohazard Labs (Certified by Health Canada)
ATTRACTIVE AMENITIES
Net Rentable Area 46,032 SF FY1 Base Rent & TI Rent Total Income $1,859,335 Parking/Loading 42 stalls 4 loading bays Price Bid Process (See Agent for Details)
• Second floor balcony with river views • Abundant natural light – large windows on three sides plus office skylights • Staff kitchen and lunchrooms, as well as an outdoor eating area • Transitional meeting and entertainment area with accordion folding walls • Adjacent to and across from Fraser River Park The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
A Unique Flex-Office Building A Rare Opportunity to Relocate or Invest in Vancouver LOCATION OVERVIEW • The Subject Property is located on the north side of West 75th Avenue, in South Vancouver’s growing and developing Marpole neighbourhood. • The Property is situated conveniently close to the Marpole Bus Loop, providing for easy transit connections to Downtown Vancouver, New Westminster, Richmond and the University of British Columbia. • The Property enjoys close proximity to the Vancouver International Airport, as well as some of Vancouver’s major thoroughfares - Granville Street, Southwest Marine Drive and Highway 99.
BUILDING AREA (Approximate)
GROUND FLOOR
MEZZANINE
Office:
4,256 SF
Lab/Manufacturing/Packaging
13,200 SF
Warehouse Space:
10,752 SF
Office
4,768 SF
Lab/Manufacturing/Packaging
11,424 SF
Warehouse Space
1,632 SF
TOTAL:
46,032 SF
VANCOUVER INDUSTRIAL MARKET OVERVIEW • Vancouver’s industrial market is shifting away from light manufacturing towards more service orientated and flex-office uses. • Demand for industrial product along with regional economic conditions have created expansion and acquisition opportunities for investors. • Vacancy rate for industrial properties remains at 3.2% in the City of Vancouver, demonstrating the strong demand for industrial space. • There are currently few opportunities for purchasing flex-industrial buildings in the City of Vancouver. The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
FOR SALE
FOR MORE INFORMATION, PLEASE CONTACT:
RARE VANCOUVER FLEX-OFFICE Downtown B U I L DCalgary ING 1 7 8 1 We s t 7 5 th A v e . , Va n c o u v e r B . C .
Tony Quattrin* Vice Chairman National Investment Team - Vancouver 604.662.5154 [email protected]
Blair Quinn* Executive Vice President The High Technologies Facilities Group 604.662.5161 [email protected]
Jim Szabo* Vice Chairman National Investment Team - Vancouver 604.662.5125 [email protected]
*Personal Real Estate Corporation
UBC
DOWNTOWN VANCOUVER SUBJECT PROPERTY Subject Property
YVR
Vancouver Transit Centre (Marpole Loop)
Arthur Laing Bridge
Canada Line Skytrain RICHMOND
The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
CBRE Limited Vancouver | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3
FLEX- OFFICE INVESTMENT OPPORTUNITY 1 7 8 1 We s t 7 5 th Av e n u e , Va n c o u v e r B . C .
CBRE Limited is pleased to present the rare opportunity to purchase 1781 West 75th Avenue, a two-storey, 46,032 SF flex-office building in South Vancouver’s burgeoning Marpole neighbourhood. Property Highlights:
Close proximity to YVR, UBC, Downtown Vancouver and Richmond, with easy access via Granville St., Southwest Marine Drive and HWY 99
Flexible mix of office, warehouse, shipping and high-tech manufacturing/lab space
Fully leased to a single tenant with 7.75 years remaining
Annual rent steps of 3.0% per annum provide for consistent income growth
Option to renew lease term for two consecutive five year terms; limited options for tenant to relocate
FOR MORE INFORMATION PLEASE CONTACT:
Tony Quattrin* Vice Chairman National Investment Team Vancouver 604.662.5154 [email protected]
Blair Quinn* Executive Vice President The High Technology Facilities Group 604.662.5161 [email protected]
Jim Szabo* Vice Chairman National Investment Team Vancouver 604.662.5125 [email protected]
*Personal Real Estate Corporation The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
CBRE Limited Vancouver | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3
FOR SALE:
1 7 8 1 W e s t 7 5 th A v e n u e , Va n c o u v e r , B . C .
BUILDING DETAILS • 46,032 SF flex-office building on a 1.38 acre site • Single-tenant building fully-leased with 7.75 years remaining in term • Renovated extensively in 1998, 2004 and 2012 • Four loading bays: three at-grade and one dock level • Second floor served by 4 stairways and a double door, freight-capable elevator
• Large board rooms and flexible demountable office space
PROPERTY SUMMARY Municipal Address 1781 West 75th Ave. Vancouver BC Legal Descriptions Lt 2, 3, 4 Block 2 Dist Lot 317 Pln 20074 PIDs 004-264-100 004-264-126 004-264-231
Site Area 1.38 acres (60,063 SF) Approximate Frontage 295 feet along 75th Avenue Zoning CD-1
MIXED-USE BUILDING • Office / Admin • Warehouse • Manufacturing • Packaging / Distribution • Level 2 Biohazard Labs (Certified by Health Canada)
ATTRACTIVE AMENITIES
Net Rentable Area 46,032 SF FY1 Base Rent & TI Rent Total Income $1,859,335 Parking/Loading 42 stalls 4 loading bays Price Bid Process (See Agent for Details)
• Second floor balcony with river views • Abundant natural light – large windows on three sides plus office skylights • Staff kitchen and lunchrooms, as well as an outdoor eating area • Transitional meeting and entertainment area with accordion folding walls • Adjacent to and across from Fraser River Park The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
A Unique Flex-Office Building A Rare Opportunity to Relocate or Invest in Vancouver LOCATION OVERVIEW • The Subject Property is located on the north side of West 75th Avenue, in South Vancouver’s growing and developing Marpole neighbourhood. • The Property is situated conveniently close to the Marpole Bus Loop, providing for easy transit connections to Downtown Vancouver, New Westminster, Richmond and the University of British Columbia. • The Property enjoys close proximity to the Vancouver International Airport, as well as some of Vancouver’s major thoroughfares - Granville Street, Southwest Marine Drive and Highway 99.
BUILDING AREA (Approximate)
GROUND FLOOR
MEZZANINE
Office:
4,256 SF
Lab/Manufacturing/Packaging
13,200 SF
Warehouse Space:
10,752 SF
Office
4,768 SF
Lab/Manufacturing/Packaging
11,424 SF
Warehouse Space
1,632 SF
TOTAL:
46,032 SF
VANCOUVER INDUSTRIAL MARKET OVERVIEW • Vancouver’s industrial market is shifting away from light manufacturing towards more service orientated and flex-office uses. • Demand for industrial product along with regional economic conditions have created expansion and acquisition opportunities for investors. • Vacancy rate for industrial properties remains at 3.2% in the City of Vancouver, demonstrating the strong demand for industrial space. • There are currently few opportunities for purchasing flex-industrial buildings in the City of Vancouver. The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
FOR SALE
FOR MORE INFORMATION, PLEASE CONTACT:
RARE VANCOUVER FLEX-OFFICE Downtown B U I L DCalgary ING 1 7 8 1 We s t 7 5 th A v e . , Va n c o u v e r B . C .
Tony Quattrin* Vice Chairman National Investment Team - Vancouver 604.662.5154 [email protected]
Blair Quinn* Executive Vice President The High Technologies Facilities Group 604.662.5161 [email protected]
Jim Szabo* Vice Chairman National Investment Team - Vancouver 604.662.5125 [email protected]
*Personal Real Estate Corporation
UBC
DOWNTOWN VANCOUVER SUBJECT PROPERTY Subject Property
YVR
Vancouver Transit Centre (Marpole Loop)
Arthur Laing Bridge
Canada Line Skytrain RICHMOND
The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
CBRE Limited Vancouver | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3
