Investment/User Opportunity - Colliers Canada
FOR SALE > Burrard Slopes Office Building
FOR SALE
Investment/User Opportunity
David Taylor Hiroshi Yamamoto
1638 West 3rd Avenue, Vancouver, BC
KEY HIGHLIGHTS
DAVID TAYLOR 604 692 1402 [email protected]
>> Unique 13,800 SF office building offers efficient mix of office and production/lab space
HIROSHI YAMAMOTO 604 661 0858 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
>> Rare opportunity to acquire a fully-leased office building in coveted Burrard Slopes neighbourhood
>> Enviable location on West 3rd Avenue between Burrard and Granville Streets >> Potential income upside upon lease expiry in July 2016 >> Opportunity for Users: Potential for immediate vacant possession >> Long term demand for office space assured by supply constraints in the Burrard Slopes area. >> Asking Price: $5,750,000 (4.7% cap on stabilized income, $417 per SF)
Bu te
Ha
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d
St Th ur low
St
Sunset Beach
ve hA ac Be
Pa
cifi cB
lvd
Civic Address:
1638 West 3rd Avenue, Vancouver, BC
Vanier Park
rd rra
Ho rn by St
FOR SALE > Burrard Slopes Office Building
May & Lorne Brown Park
ge
Brid
1978; renovated in 2006
Balsam St
le
Av e
o
M a
Pin
e Cr st
Yew St
aS dr
an
t
Cypress St
l ne
es Dr
r
30 Ave
Arbutus St
Trafalgar S
Mackenzie S
Prince Of Wales Park
Quilchena Park
Cartier St
29 Ave
tD
Granville St
ge
nsh
Marguerite St
Carnavor St
Park
Pu
rst
29 Ave
Balaclava
C ple
St ge rid
28 Ave
Nanton Ave
Ma
Br ak en
26 Ave COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.comDevo Alexandra St
r yD
Pine Crst
e Vall
Balaclava St
27 Ave
King Edward Ave
ire C rst
29 Avenue
32 A ve
Selkirk St
Arbutus Village Park
Hudson St
Angus Dr
Macdonald St
e Av
d
gE
Kin
rd wa
Margu erit e St
get
Pu
t Crs
Cartier St
Dr
Trafalgar Park
ver Oli
St
ex Al
Vine St
Trafalgar St 23 Ave
Qu
ard Ave
Os ler
This document/email has been prepared by Colliers International for advertising e s Av Matthew and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the Balfour Ave accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document Ave s w e h and excludes Matt all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). Laurier © Ave 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). JH 01/2014
22 Ave
24 Ave
r
sD
gu
An
Rd
23 Ave
Wo lf
l
18 Ave
19 Ave
20 Ave
rp
Granville St
Balsam St
r yD
e Vall
Carnavor St
ez
16 Ave
e
Arbutus St
Dr
21 Ave
22 Ave
Va ld
Park
20 Ave
99
15 Ave
Burrard St
17 Ave
18 Ave
Park
Cypress St
Maple St
Yew St
Carnavon
13 Ave
HIROSHI YAMAMOTO 604 661 0858 [email protected]
17 Ave
19 Ave
Valdez
13 Ave
14 Ave
14 Ave
16 Ave
12 Ave
DAVID TAYLOR 604 692 1402 [email protected]
Vine St
Balaclava St
SITE PLAN
Alder St
$271,000 (actual)
14 Ave
Hemlock St
$19.64 per SF NNN per annum. Lease expiry July 2016
15 Ave
no R d
CONTACT US
12 Ave
12 Ave
Granville St
11 Ave
Park
Fully leased to DTI Dental Technologies
Fir St
Pine St
10 Ave
19 stalls (6 covered, 13Connaught surface)
15 Ave
Galia
W Broadway
Birch St
W Broadway
Larch St
Trutch St
Year 1 NOI
6 Ave
7 Ave
Yew St
Vine St
Lease Details: 13 Ave
t
8 Ave
Larch St
12 Ave
6 Ave
Stephens St
Macdonald St
Mackenzie St
Carnavor St
Balaclava St
Tenancy:
t
Year Built:
e re St
$66,930.80
Burrard St
8 Ave Property Taxes (2013): W Broadway
Stree
4A ve
5 Ave
5 Ave
7 Ave
right
4 Ave
4 Ave
$3,330,000 $965,000 $4,295,000
Cartw
3 Ave
Arbutus St
Land Improvement Total Trafalgar St
6 Ave Assessment (2013):
Parking:
3 Ave
IC-1 Burrard Slopes Light Industrial 3.0 FSR
99
2 Ave
Cypress St
4 Ave
Macdonald St
Zoning:
13,798 SF net rentable
FPO
1 Ave
2 Ave
Vine St
Building Size:
Larch St
Stephens St
Baywater St
Trutch St
e
1 Ave
Granville Island n sto hn Jo
Yew St
Balsam St
75 feet frontage on West 3rd Avenue Site Dimensions: 120 feet depth 1 Ave
Gr an vil
9,000 SF
tre et
Site Area:
ge S
Point Grey Rd Kitsalano Beach Located mid-block on West 3rd Avenue between Fir and Vine Street in Vancouver’s Burrard Slopes neighborhood
Ol dB rid
Location:
Maple St
Lot 12 Block 239 Plan VAP590 District Lot 526 Land District 36 PIDs: 015-242-625, 015-242-633, 015-242-609
Trafalgar St
Legal Address:
Br idg e
Bu
27
Na
FOR SALE
Investment/User Opportunity
David Taylor Hiroshi Yamamoto
1638 West 3rd Avenue, Vancouver, BC
KEY HIGHLIGHTS
DAVID TAYLOR 604 692 1402 [email protected]
>> Unique 13,800 SF office building offers efficient mix of office and production/lab space
HIROSHI YAMAMOTO 604 661 0858 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
>> Rare opportunity to acquire a fully-leased office building in coveted Burrard Slopes neighbourhood
>> Enviable location on West 3rd Avenue between Burrard and Granville Streets >> Potential income upside upon lease expiry in July 2016 >> Opportunity for Users: Potential for immediate vacant possession >> Long term demand for office space assured by supply constraints in the Burrard Slopes area. >> Asking Price: $5,750,000 (4.7% cap on stabilized income, $417 per SF)
Bu te
Ha
rw oo
d
St Th ur low
St
Sunset Beach
ve hA ac Be
Pa
cifi cB
lvd
Civic Address:
1638 West 3rd Avenue, Vancouver, BC
Vanier Park
rd rra
Ho rn by St
FOR SALE > Burrard Slopes Office Building
May & Lorne Brown Park
ge
Brid
1978; renovated in 2006
Balsam St
le
Av e
o
M a
Pin
e Cr st
Yew St
aS dr
an
t
Cypress St
l ne
es Dr
r
30 Ave
Arbutus St
Trafalgar S
Mackenzie S
Prince Of Wales Park
Quilchena Park
Cartier St
29 Ave
tD
Granville St
ge
nsh
Marguerite St
Carnavor St
Park
Pu
rst
29 Ave
Balaclava
C ple
St ge rid
28 Ave
Nanton Ave
Ma
Br ak en
26 Ave COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.comDevo Alexandra St
r yD
Pine Crst
e Vall
Balaclava St
27 Ave
King Edward Ave
ire C rst
29 Avenue
32 A ve
Selkirk St
Arbutus Village Park
Hudson St
Angus Dr
Macdonald St
e Av
d
gE
Kin
rd wa
Margu erit e St
get
Pu
t Crs
Cartier St
Dr
Trafalgar Park
ver Oli
St
ex Al
Vine St
Trafalgar St 23 Ave
Qu
ard Ave
Os ler
This document/email has been prepared by Colliers International for advertising e s Av Matthew and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the Balfour Ave accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document Ave s w e h and excludes Matt all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). Laurier © Ave 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). JH 01/2014
22 Ave
24 Ave
r
sD
gu
An
Rd
23 Ave
Wo lf
l
18 Ave
19 Ave
20 Ave
rp
Granville St
Balsam St
r yD
e Vall
Carnavor St
ez
16 Ave
e
Arbutus St
Dr
21 Ave
22 Ave
Va ld
Park
20 Ave
99
15 Ave
Burrard St
17 Ave
18 Ave
Park
Cypress St
Maple St
Yew St
Carnavon
13 Ave
HIROSHI YAMAMOTO 604 661 0858 [email protected]
17 Ave
19 Ave
Valdez
13 Ave
14 Ave
14 Ave
16 Ave
12 Ave
DAVID TAYLOR 604 692 1402 [email protected]
Vine St
Balaclava St
SITE PLAN
Alder St
$271,000 (actual)
14 Ave
Hemlock St
$19.64 per SF NNN per annum. Lease expiry July 2016
15 Ave
no R d
CONTACT US
12 Ave
12 Ave
Granville St
11 Ave
Park
Fully leased to DTI Dental Technologies
Fir St
Pine St
10 Ave
19 stalls (6 covered, 13Connaught surface)
15 Ave
Galia
W Broadway
Birch St
W Broadway
Larch St
Trutch St
Year 1 NOI
6 Ave
7 Ave
Yew St
Vine St
Lease Details: 13 Ave
t
8 Ave
Larch St
12 Ave
6 Ave
Stephens St
Macdonald St
Mackenzie St
Carnavor St
Balaclava St
Tenancy:
t
Year Built:
e re St
$66,930.80
Burrard St
8 Ave Property Taxes (2013): W Broadway
Stree
4A ve
5 Ave
5 Ave
7 Ave
right
4 Ave
4 Ave
$3,330,000 $965,000 $4,295,000
Cartw
3 Ave
Arbutus St
Land Improvement Total Trafalgar St
6 Ave Assessment (2013):
Parking:
3 Ave
IC-1 Burrard Slopes Light Industrial 3.0 FSR
99
2 Ave
Cypress St
4 Ave
Macdonald St
Zoning:
13,798 SF net rentable
FPO
1 Ave
2 Ave
Vine St
Building Size:
Larch St
Stephens St
Baywater St
Trutch St
e
1 Ave
Granville Island n sto hn Jo
Yew St
Balsam St
75 feet frontage on West 3rd Avenue Site Dimensions: 120 feet depth 1 Ave
Gr an vil
9,000 SF
tre et
Site Area:
ge S
Point Grey Rd Kitsalano Beach Located mid-block on West 3rd Avenue between Fir and Vine Street in Vancouver’s Burrard Slopes neighborhood
Ol dB rid
Location:
Maple St
Lot 12 Block 239 Plan VAP590 District Lot 526 Land District 36 PIDs: 015-242-625, 015-242-633, 015-242-609
Trafalgar St
Legal Address:
Br idg e
Bu
27
Na
