For Sale or Lease Multi-Tenant Building

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For Sale or Lease Multi-Tenant Building

PR IC E

RE DU CE D

Seven Industrial Units Building 2000

2000 - 11180 River Road, Richmond, BC 27,100 sq ft multi-tenant building on 1.11 acres of land Location

Highlights

This property is situated on the south side of River Road, three properties east of Shell Road in North Richmond. The area to the west of Shell Road is comprised of single family housing and the area located one block to the south is known as the Bridgeport Road corridor which is regarded as one of the Lower Mainland’s most popular home improvement retail zones.



Freestanding building



Bare-land strata development (Buildings 1000 & 2000)



Seven industrial units



Seven grade level loading doors

This North Richmond location provides access to YVR within 15 minutes, downtown Vancouver in 30 minutes, DeltaPort in 30 minutes and the U.S. border within 30 minutes.



Tilt-up concrete construction



Front office/rear loading design

Anthony Lux [email protected] Direct Tel: 604 630 3377 Cellular: 604 781 5949

Tel: 604 684 7117

DTZ Vancouver Real Estate Ltd. 800 – 475 West Georgia Street Vancouver, BC V6B 4M9 [email protected]

www.dtzvancouver.com

2000 - 11180 River Road, Richmond 27,100 sq ft on 1.11 acres of land The Opportunity

Availability (Vacant Units)

A unique opportunity to purchase, Building 2000, a 27,100 sq ft multi-tenant development with 15,770 sq ft leased and 11,330 sq ft available for occupancy. The subject property, Building 2000, located at the rear of the site, is a separate property from Building 1000 with the same civic address, namely 11180 River Road. Buildings 1000 & 2000 comprise a two building bare land strata development on 2.213 acres of land with each building operating independantly of one another on approximately 1.11 acres each.

Immediately

Legal Description

• 18 foot warehouse ceiling height

Lot 2, Block 5N, Range 6W, Land District 36, Plan LM51006 PID 018-404-316

• 7 grade level loading doors

Zoning

• Building dimensions 180 feet wide x 150 feet deep

IB1 - The zone provides for a range of general industrial uses and standalone offices with a limited range of compatible uses.

• High quality torch-on roof membrane replaced by Arbutus Roofing in 1999

Asking Price

• Two separate electrical services

$3,295,000

• New pylon signage directory installed in January 2013

Features • Common area between Buildings 1000 & 2000 re-paved with new sidewalk in October 2012 • New frames & awning installed at unit entrances in April 2011 • Seven industrial units: 11,330 sq ft vacant – 15,770 sq ft leased

• 30+ on-site parking stalls

• Fluorescent lighting in the warehouse and the office

Property Taxes (2013) $42,588.52

• Buildings 1000 & 2000 should be treated as two separate properties

Basic Rent

• Buildings 1000 & 2000 share common area exterior lighting, signage & driveway

Asking $7.50 per sq ft annually

Additional Rent (2013)

*Rent roll available from listing agent

$2.69 per sq ft annually

Building 1000

Subject

Tel: 604 684 7117

Building 2000

www.dtzvancouver.com

River Road

Building 1000

1140

1130

1120

1102

Electrical Kiosk

2150

Building 2000

Common Area Driveway

Pylon Signage

2140 2130 2120 2110 2100

2105 Vacant (11,330 sq ft)

Leased to Eurotek Enterprises Ltd. (3,790 sq ft)

Leased to Gateway International Imports Inc. (11,980 sq ft)

Site Plan

Tel: 604 684 7117

www.dtzvancouver.com

For Sale or Lease Multi-Tenant Building 2000 - 11180 River Road Richmond, British Columbia

Anthony Lux [email protected] Direct Tel: 604 630 3377 Cellular: 604 781 5949

DTZ Vancouver Real Estate Ltd. 800 – 475 West Georgia Street Vancouver, BC V6B 4M9 [email protected]

Disclaimer Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Vancouver Real Estate Ltd. 07/2013.

Tel: 604 684 7117

www.dtzvancouver.com