Hartley Ave 2120 LEE INDUSTRIAL SALE.indd

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FOR SALE | INDUSTRIAL INVESTMENT 2120 HARTLEY AVENUE COQUITLAM, BC

 32,845 SF Manufacturing Facility  Long-term Lease – Strong Covenant Location

Highlights

South side of Hartley Avenue between Fawcett Road and Schooner

 Fully piled foundation

The subject property is located behind the Hardrock Casino on the Street in the Pacific Reach Business Park. The site is located one block South of United Boulevard and has easy access to Highway 1 and the Lougheed Highway. Downtown is 25 minutes by car.

 Approx. half an acre fully fenced and paved yard storage  Nearly $300,000 of power upgrades

 7 grade loading doors 14-16’ high with electric openers  2 cranes installed (5 ton and 3 ton)  Strong fully net single tenant lease

Steve Caldwell

Personal Real Estate Corporation

D 604.895.2224 C 604.809.3122 steve.caldwell@lee–associates.com 475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com

FOR SALE | INDUSTRIAL INVESTMENT 2120 HARTLEY AVENUE COQUITLAM, BC Legal Description

Lot Size

Zoning

Tenancy

Features

Lease Term

 T-5 lighting in the warehouse

Renewal option — 2 terms of 5 years

Part of Lot 16, DL 20, PLNWD 45847 (to be subdivided)

M-2, which allows for general industrial and warehousing

 Heavy 3 phase power

 Office area includes private offices, boardroom, open office area, kitchen and first aid room

 Compressed air lines & exhausted ventilation in shop

Ground floor office Mezzanine office Warehouse Total

Weatherhaven Global Resources Ltd.

5 years June 1, 2016 to June 30, 2021

 Radiant heating in the warehouse

Building Area

Approximately 1.65 acres (subject to final subdivision survey plan)

Monthly

Annually

SF

Aug 1, 2016–July 31, 2019

$21,212.40

$254,548.80

$7.75

Aug1, 2019—July 31, 2021

$21,893.69

$262,724.28

$8.00

Income (Fully Net)

Asking Price

3,760 SF 3,760 SF

$8,095,000

25,325 SF

32,845 SF

Hard Rock Casino

SUBJECT

Hartley A ve

Dr

d

R Fawcett

Brigantine

United Blvd

Steve Caldwell

Personal Real Estate Corporation

D 604.895.2224 C 604.809.3122 steve.caldwell@lee–associates.com 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. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 08/21/17.

475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com