keith business centre 1225 east keith road north ...
FOR SALE
KEITH BUSINESS CENTRE 1225 EAST KEITH ROAD NORTH VANCOUVER, BC Partnership. Performance.
Opportunity To acquire 100% interest in Keith Business Centre (the “Property”), a premier, fully-leased, light industrial and office complex located in North Vancouver, just off of the TransCanada Highway bounded by East Keith Road, Brooksbank Avenue and Mountain Highway (Lynnmouth). Opportunities to acquire or develop properties of this size and significance are rare in North Vancouver due to the extremely constrained land supply.
Terry Thies,* Principal 604.646.8398 [email protected] * Personal Real Estate Corporation
Robert Gritten, Principal 604.647.5063 [email protected]
DOWNTOWN VANCOUVER LOWER LONSDALE
Park & Tilford Mall
e Str
Second Narrows Bridge
1225 E Keith Rd.
d oa
et
in
Ma
North Shore Studios
R ith Ke
KEITH BUSINESS CENTRE 1225 EAST KEITH ROAD NORTH VANCOUVER, BC
Mountain Highway
Location Keith Business Centre benefits from a prime location within this desirable area. The property is situated on the high profile corners of Keith Road & Brooksbank Avenue (SE) and Keith Road & Lynnmouth Avenue (Mountain Hwy - SW). Keith Business Centre is just two blocks from Park and Tilford Shopping Centre and is conveniently located near public transit, Highway #1, Bridgeman/Lynn Creek Park, and walking trails.
Existing Building Keith Business Centre represents the unique opportunity to acquire a 3.95-acre development site which can be phased to accommodate absorption of new commercial space while retaining current income. The property consists of a (1) onestorey, mixed office and warehouse building which was originally constructed circa 1960, plus an addition of high bay warehouse & mezzanine office, circa 1990. The building is currently demised into 12 rental units, totaling 78,984 square feet of rentable area with 135 parking stalls.
Excellent Tenant Mix A complementary mix of strong national, regional and local tenants occupy Keith Business Centre, including Clairmont Camera, Rocky Mountain Cycles and Twist Conditioning.
Financial Information
Highway #1
Competitive Advantage -- Location -- Highway improvements & accessibility -- 3.95-acre site with ample parking -- Park-like setting with mature landscaping -- Significant development potential -- Stable rent roll with demolition clauses allowing for re-development
Additional Documents To receive a copy of the property environmental report, building condition report, or detailed financial model, please contact the undersigned.
Terry Thies,* Principal 604.646.8398 [email protected] * Personal Real Estate Corporation
Year 1 Stabilized NOI - $1,165,000 (Based on current 100% occupancy)
Development Potential
Robert Gritten, Principal 604.647.5063 [email protected]
The City of North Vancouver is supportive of additional office & industrial density that will meet job creation objectives. Preliminary plans are available showing various development schemes to a density of 2.5 FSR or over 350,000 square feet.*
Mountain Highway Interchange Federal and provincial funding has been approved to convert the existing Mountain Highway Overpass at Highway 1 into a full interchange, which will significantly improve the access and egress from Keith Business Centre to Highway 1. The construction of the overpass, and subsequent realignment of the Highway, will drive traffic to Brooksbank Avenue and Keith Road, immediately in front of Keith Business Centre.
Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre
Confidential Investment Memorandum (CIM) A detailed Confidential Investment Memorandum (CIM) and access to the data room is available to interested parties who execute a Confidentiality Agreement (CA) in the form attached to this email. For access to the detailed information, please contact the Exclusive Advisors. *Subject to City of North Vancouver approval
avisonyoung.com © 2015 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.
KEITH BUSINESS CENTRE 1225 EAST KEITH ROAD NORTH VANCOUVER, BC Partnership. Performance.
Opportunity To acquire 100% interest in Keith Business Centre (the “Property”), a premier, fully-leased, light industrial and office complex located in North Vancouver, just off of the TransCanada Highway bounded by East Keith Road, Brooksbank Avenue and Mountain Highway (Lynnmouth). Opportunities to acquire or develop properties of this size and significance are rare in North Vancouver due to the extremely constrained land supply.
Terry Thies,* Principal 604.646.8398 [email protected] * Personal Real Estate Corporation
Robert Gritten, Principal 604.647.5063 [email protected]
DOWNTOWN VANCOUVER LOWER LONSDALE
Park & Tilford Mall
e Str
Second Narrows Bridge
1225 E Keith Rd.
d oa
et
in
Ma
North Shore Studios
R ith Ke
KEITH BUSINESS CENTRE 1225 EAST KEITH ROAD NORTH VANCOUVER, BC
Mountain Highway
Location Keith Business Centre benefits from a prime location within this desirable area. The property is situated on the high profile corners of Keith Road & Brooksbank Avenue (SE) and Keith Road & Lynnmouth Avenue (Mountain Hwy - SW). Keith Business Centre is just two blocks from Park and Tilford Shopping Centre and is conveniently located near public transit, Highway #1, Bridgeman/Lynn Creek Park, and walking trails.
Existing Building Keith Business Centre represents the unique opportunity to acquire a 3.95-acre development site which can be phased to accommodate absorption of new commercial space while retaining current income. The property consists of a (1) onestorey, mixed office and warehouse building which was originally constructed circa 1960, plus an addition of high bay warehouse & mezzanine office, circa 1990. The building is currently demised into 12 rental units, totaling 78,984 square feet of rentable area with 135 parking stalls.
Excellent Tenant Mix A complementary mix of strong national, regional and local tenants occupy Keith Business Centre, including Clairmont Camera, Rocky Mountain Cycles and Twist Conditioning.
Financial Information
Highway #1
Competitive Advantage -- Location -- Highway improvements & accessibility -- 3.95-acre site with ample parking -- Park-like setting with mature landscaping -- Significant development potential -- Stable rent roll with demolition clauses allowing for re-development
Additional Documents To receive a copy of the property environmental report, building condition report, or detailed financial model, please contact the undersigned.
Terry Thies,* Principal 604.646.8398 [email protected] * Personal Real Estate Corporation
Year 1 Stabilized NOI - $1,165,000 (Based on current 100% occupancy)
Development Potential
Robert Gritten, Principal 604.647.5063 [email protected]
The City of North Vancouver is supportive of additional office & industrial density that will meet job creation objectives. Preliminary plans are available showing various development schemes to a density of 2.5 FSR or over 350,000 square feet.*
Mountain Highway Interchange Federal and provincial funding has been approved to convert the existing Mountain Highway Overpass at Highway 1 into a full interchange, which will significantly improve the access and egress from Keith Business Centre to Highway 1. The construction of the overpass, and subsequent realignment of the Highway, will drive traffic to Brooksbank Avenue and Keith Road, immediately in front of Keith Business Centre.
Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre
Confidential Investment Memorandum (CIM) A detailed Confidential Investment Memorandum (CIM) and access to the data room is available to interested parties who execute a Confidentiality Agreement (CA) in the form attached to this email. For access to the detailed information, please contact the Exclusive Advisors. *Subject to City of North Vancouver approval
avisonyoung.com © 2015 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.
