pRIME INVESTMENT oppoRTUNITY #2829 - 4500 ...
pRIME iNVESTMENT oPPORTUNITY #2829 - 4500 kINGSWAY bURNABY, BC L E E –A S S O C I AT E S .CO M | 6 0 4 6 8 4 7 1 1 7
11,596 SF
Highlights ff Triple A HSBC tenancy since 2000 ff High exposure corner ff Key Intersection in Metro Vancouver ff Rapidly densifying location ff Close to Metrotown SkyTrain station
Don Mussenden
Jazz Singh
dir: 604 630 3373
Amex-Fraseridge Realty
cel: 604 724 0700
cel: 604 644 8911
[email protected]
[email protected]
p R I M E iN VESTMENT oPPORT UNIT Y # 2 8 2 9 - 4 5 00 kIN GSWAY b U R NA BY, BC
Location
Premises
This prime strata-titled investment opportunity is located in Crystal
Market Level
631 SF
Mall. Crystal Mall is an significant Chinese–Asian Shopping Centre
Gallery Level
10,965 SF
located in Burnaby’s Metrotown District on the south-east corner
Total Area
11,596 SF
of Kingsway and Willingdon Avenue; arguably the key intersection in this Regional Town Centre.
Access to the premises is available from the gallery level as well as the main access through the mall entrance at the corner of
Crystal Mall houses over 200 shops including major restaurants,
Willingdon Avenue and Kingsway. Access from the market level
a food court, the Hilton Hotel and HSBC. HSBC has prominent
is provided by way of two escalators for the exclusive use of the
exposure on the Willingdon/Kingsway corner and is located across
premises. There is prominent tenant identification both along
from the Westin Hotel and Old Orchard Shopping Centre. This key
Kingsway and at the main mall entrance.
intersection is located within walking distance to both Metrotown and Patterson SkyTrain stations.
There is abundant on-site parking available in Crystal Mall and as provided in the lease.
The property is located adjacent to Metropolis at Metrotown which is the largest mall in BC and the second largest in Canada with
Tenancy and Income
over 450 shops and services and tenant anchors including The Bay,
The Property is tenanted by HSBC Bank Canada which is a member
Sears, and Superstore.
of the HSBC Bank plc. HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC’s international
Legal Description
network comprises around 7,500 offices in over 80 countries.
Strata Lot 169 District Lot 153 Group 1 New Westminster District Strata Plan LMS 3863
HSBC has occupied the Premises since the completion of Crystal
PID: 024-490-946
Mall in 2000 and is currently in the first renewal term of the lease. The current renewal term expires December 31, 2019. Two renewal
Zoning
terms remain. Current net rental income is $463,840.00 per year.
CD – Comprehensive Development
Taxes (2016) $105,842.00
Asking Price $10,800,000
Lee & Associates Vancouver
Floor Plan
Lee–Associates.com
p R I M E iN VESTMENT oPPORT UNIT Y # 2 8 2 9 - 4 5 00 kIN GSWAY b U R NA BY, BC
Royal Oak Station
Metropolis at Metrotown
Ki
Metrotown Station
SUBJECT ng
sw ay
ng Willi
Old Orchard Shopping Centre
don
Ave
W ill
in
gd
on
Av e
Patterson Station
N
Don Mussenden
Jazz Singh
dir: 604 630 3373
Amex-Fraseridge Realty
cel: 604 724 0700
cel: 604 644 8911
[email protected]
[email protected]
Lee & Associates Vancouver
475 West Georgia Street, Suite 800, Vancouver, BC V6B 4M9
|
604 684 7117
|
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. 11/14/16.
11,596 SF
Highlights ff Triple A HSBC tenancy since 2000 ff High exposure corner ff Key Intersection in Metro Vancouver ff Rapidly densifying location ff Close to Metrotown SkyTrain station
Don Mussenden
Jazz Singh
dir: 604 630 3373
Amex-Fraseridge Realty
cel: 604 724 0700
cel: 604 644 8911
[email protected]
[email protected]
p R I M E iN VESTMENT oPPORT UNIT Y # 2 8 2 9 - 4 5 00 kIN GSWAY b U R NA BY, BC
Location
Premises
This prime strata-titled investment opportunity is located in Crystal
Market Level
631 SF
Mall. Crystal Mall is an significant Chinese–Asian Shopping Centre
Gallery Level
10,965 SF
located in Burnaby’s Metrotown District on the south-east corner
Total Area
11,596 SF
of Kingsway and Willingdon Avenue; arguably the key intersection in this Regional Town Centre.
Access to the premises is available from the gallery level as well as the main access through the mall entrance at the corner of
Crystal Mall houses over 200 shops including major restaurants,
Willingdon Avenue and Kingsway. Access from the market level
a food court, the Hilton Hotel and HSBC. HSBC has prominent
is provided by way of two escalators for the exclusive use of the
exposure on the Willingdon/Kingsway corner and is located across
premises. There is prominent tenant identification both along
from the Westin Hotel and Old Orchard Shopping Centre. This key
Kingsway and at the main mall entrance.
intersection is located within walking distance to both Metrotown and Patterson SkyTrain stations.
There is abundant on-site parking available in Crystal Mall and as provided in the lease.
The property is located adjacent to Metropolis at Metrotown which is the largest mall in BC and the second largest in Canada with
Tenancy and Income
over 450 shops and services and tenant anchors including The Bay,
The Property is tenanted by HSBC Bank Canada which is a member
Sears, and Superstore.
of the HSBC Bank plc. HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC’s international
Legal Description
network comprises around 7,500 offices in over 80 countries.
Strata Lot 169 District Lot 153 Group 1 New Westminster District Strata Plan LMS 3863
HSBC has occupied the Premises since the completion of Crystal
PID: 024-490-946
Mall in 2000 and is currently in the first renewal term of the lease. The current renewal term expires December 31, 2019. Two renewal
Zoning
terms remain. Current net rental income is $463,840.00 per year.
CD – Comprehensive Development
Taxes (2016) $105,842.00
Asking Price $10,800,000
Lee & Associates Vancouver
Floor Plan
Lee–Associates.com
p R I M E iN VESTMENT oPPORT UNIT Y # 2 8 2 9 - 4 5 00 kIN GSWAY b U R NA BY, BC
Royal Oak Station
Metropolis at Metrotown
Ki
Metrotown Station
SUBJECT ng
sw ay
ng Willi
Old Orchard Shopping Centre
don
Ave
W ill
in
gd
on
Av e
Patterson Station
N
Don Mussenden
Jazz Singh
dir: 604 630 3373
Amex-Fraseridge Realty
cel: 604 724 0700
cel: 604 644 8911
[email protected]
[email protected]
Lee & Associates Vancouver
475 West Georgia Street, Suite 800, Vancouver, BC V6B 4M9
|
604 684 7117
|
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. 11/14/16.
