lowland drive
For SALE
7435
LOWLAND DRIVE BURNABY, BC
32,000 SQ. FT. FREESTANDING INDUSTRIAL BUILDING FULLY TENANTED INVESTMENT OPPORTUNITY
For more information please contact: Joe DB Inkster Personal Real Estate Corporation Vice President • 604.662.5134 • [email protected]
Jason Kiselbach Sales Associate • 604.662.5108 • [email protected]
For mortgage financing please contact: Riley Young Associate Vice President • 604.662.5571 • [email protected]
w w w.c b r e.c a
FOR SALE
7435 LOWLAND DRIVE THE OPPORTUNITY CBRE Limited is pleased to present the opportunity to acquire freehold interest in a 32,000 sq.ft. freestanding industrial building situated on 1.15 acres of land. The property is currently demised into four units which are tenanted by two industrial occupiers and both occupiers are interested in entering into lease agreements. THE LOCATION The subject property is located in the Big Bend industrial sub-market of South Burnaby. This sub-market has become one of the most desired areas in Metro Vancouver for brand name industrial occupiers due to its proximity to a wide population base, quick access to all municipalities, and abundance of amenities.
INVESTMENT HIGHLIGHTS
BUILDING FEATURES
++ Rare industrial investment opportunity
++ 24’ clear ceiling heights (estimate)
++ Potential to increase rents
++ 4 grade loading doors
++ Purchaser can occupy a portion of the building
++ Mezzanine office space
7435 LOWLAND DRIVE
Burnaby, BC
building areas UNIT
GROUND FLOOR OFFICE
SECOND FLOOR OFFICE
WAREHOUSE
TOTAL
1
1,500 sq. ft.
1,500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
2
1,500 sq. ft.
1,500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
3
1,500 sq. ft.
1,500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
4
1.500 sq. ft.
1.500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
TOTAL
6,000 sq. ft.
6,000 sq. ft.
20,000 sq. ft.
32,000 sq. ft.
CURRENT OCCUPIERS & ASSUMPTIONS UNIT
1
2
3
4
Size
8,000 sq. ft.
8,000 sq. ft.
8,000 sq. ft.
8,000 sq. ft.
Occupier
Surplus Sam’s
Piedmont Sheet Metal
Piedmont Sheet Metal
Surplus Sam’s
Proposed Lease Term
1 to 2 years
5 years (minimum)
5 years (minimum)
5 years (minimum)
Year 1 Market Lease Rate
$7.50 per sq. ft.
$7.50 per sq. ft.
$7.50 per sq. ft.
$7.50 per sq. ft.
DEBT ASSUMPTION Loan to Value
67%
Required Equity
$1,490,000
Interest Rate
2.7%
IRR
8.9%
For Mortgage Financing Information Contact: Riley Young, Associate Vice President Debt & Structured Finance T 604 662 5571 E [email protected]
7435
FOR SALE
LOWLAND DRIVE
Burnaby, BC
executive summary ++ Municipal Address −− 7435 Lowland Drive, Burnaby, BC ++ PID −− 002-504-235 ++ Description −− Multi-tenant industrial building desmised to four units ++ Site Size −− 1.151 Acres ++ Zoning −− M2 Site Size ++ OCP Description −− No change to current use ++ Taxes −− $73,522.02 (2014)
++ Cap Rate
++ Price −− $4,250,000
−− 5.65% ++ Operating Income −− $240,000 (assumption based on lease rate projections)
For more information please contact: Joe DB Inkster Personal Real Estate Corporation Vice President • 604.662.5134 • [email protected]
Jason Kiselbach Sales Associate • 604.662.5108 • [email protected]
For mortgage financing please contact: Riley Young Associate Vice President • 604.662.5571 • [email protected]
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.
7435
LOWLAND DRIVE BURNABY, BC
32,000 SQ. FT. FREESTANDING INDUSTRIAL BUILDING FULLY TENANTED INVESTMENT OPPORTUNITY
For more information please contact: Joe DB Inkster Personal Real Estate Corporation Vice President • 604.662.5134 • [email protected]
Jason Kiselbach Sales Associate • 604.662.5108 • [email protected]
For mortgage financing please contact: Riley Young Associate Vice President • 604.662.5571 • [email protected]
w w w.c b r e.c a
FOR SALE
7435 LOWLAND DRIVE THE OPPORTUNITY CBRE Limited is pleased to present the opportunity to acquire freehold interest in a 32,000 sq.ft. freestanding industrial building situated on 1.15 acres of land. The property is currently demised into four units which are tenanted by two industrial occupiers and both occupiers are interested in entering into lease agreements. THE LOCATION The subject property is located in the Big Bend industrial sub-market of South Burnaby. This sub-market has become one of the most desired areas in Metro Vancouver for brand name industrial occupiers due to its proximity to a wide population base, quick access to all municipalities, and abundance of amenities.
INVESTMENT HIGHLIGHTS
BUILDING FEATURES
++ Rare industrial investment opportunity
++ 24’ clear ceiling heights (estimate)
++ Potential to increase rents
++ 4 grade loading doors
++ Purchaser can occupy a portion of the building
++ Mezzanine office space
7435 LOWLAND DRIVE
Burnaby, BC
building areas UNIT
GROUND FLOOR OFFICE
SECOND FLOOR OFFICE
WAREHOUSE
TOTAL
1
1,500 sq. ft.
1,500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
2
1,500 sq. ft.
1,500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
3
1,500 sq. ft.
1,500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
4
1.500 sq. ft.
1.500 sq. ft.
5,000 sq. ft.
8,000 sq. ft.
TOTAL
6,000 sq. ft.
6,000 sq. ft.
20,000 sq. ft.
32,000 sq. ft.
CURRENT OCCUPIERS & ASSUMPTIONS UNIT
1
2
3
4
Size
8,000 sq. ft.
8,000 sq. ft.
8,000 sq. ft.
8,000 sq. ft.
Occupier
Surplus Sam’s
Piedmont Sheet Metal
Piedmont Sheet Metal
Surplus Sam’s
Proposed Lease Term
1 to 2 years
5 years (minimum)
5 years (minimum)
5 years (minimum)
Year 1 Market Lease Rate
$7.50 per sq. ft.
$7.50 per sq. ft.
$7.50 per sq. ft.
$7.50 per sq. ft.
DEBT ASSUMPTION Loan to Value
67%
Required Equity
$1,490,000
Interest Rate
2.7%
IRR
8.9%
For Mortgage Financing Information Contact: Riley Young, Associate Vice President Debt & Structured Finance T 604 662 5571 E [email protected]
7435
FOR SALE
LOWLAND DRIVE
Burnaby, BC
executive summary ++ Municipal Address −− 7435 Lowland Drive, Burnaby, BC ++ PID −− 002-504-235 ++ Description −− Multi-tenant industrial building desmised to four units ++ Site Size −− 1.151 Acres ++ Zoning −− M2 Site Size ++ OCP Description −− No change to current use ++ Taxes −− $73,522.02 (2014)
++ Cap Rate
++ Price −− $4,250,000
−− 5.65% ++ Operating Income −− $240,000 (assumption based on lease rate projections)
For more information please contact: Joe DB Inkster Personal Real Estate Corporation Vice President • 604.662.5134 • [email protected]
Jason Kiselbach Sales Associate • 604.662.5108 • [email protected]
For mortgage financing please contact: Riley Young Associate Vice President • 604.662.5571 • [email protected]
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.
