schoolhouse street CoquItlAm, BC
Partnership. Performance.
court ordered sale for Sale Strata retail units ranging in size from 783 sf to 1,707 sf. Ideal for owner-occupiers and investors.
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
228
schoolhouse streeT coquitlam, BC
228
schoolhouse street coquitlam, BC
Property Summary
Opportunity
228 Schoolhouse Street Coquitlam, BC
Avison Young is pleased to introduce the opportunity to acquire strata retail units in the retail centre located at 228 Schoolhouse Street in Coquitlam, BC. The offering is comprised of three (3) separate units, ranging in size from 783 sf to 1,707 sf. These units are ideal for owner-occupiers and investors alike.
Strata Plan
The Development
Municipal Address
BCS3928
CS-1
The retail centre located at 228 Schoolhouse Street was completed in 2009 and is anchored by the Zone Bowling Centre, which features 38 lanes in a state-of-theart facility, with surrounding commercial retail units (CRUs). All CRUs have exterior access with drive-up parking and most also have interior access to the bowling alley. The retail centre is home to such other tenants as Big River Restaurant & Taphouse, Papa Leo’s Pizza, I Love Sushi, Pearl Fever, Quizno’s, Alliance RMT, Robertson Family’s Kitchen Idea Centre and Pho 99. Schoolhouse Street has exposure to over 10,000 cars per day (source: City of Coquitlam).
Parking
Location
Year Built 2009
Zoning
Shared surface parking
Existing Financing Treat as Clear Title
Price Unit 1
$1,025,000
Units 6 & 7
$410,000
Unit 8
$665,000
The property is located in a well-established retail node on the west side of Schoolhouse Street, two (2) blocks north of Lougheed Highway and immediately to the north of the SilverCity Coquitlam movie theatre. Other major retailers in the immediate area include the Real Canadian Superstore, HomeSense, Staples, Canadian Tire and IKEA. With the completion of the Port Mann Highway 1 Improvement Project, the property now benefits from easy access to the highway, leading on to Surrey and Langley to the east, and Burnaby to the West.
Property Highlights 99Located in the heart of the Lougheed Highway retail node in Coquitlam 99Excellent exposure along Schoolhouse Street 99Ample parking 99 Anchored by the Zone Bowling Centre
99Most CRUs have interior access to the Bowling Centre 99Tremendous opportunity for owner-occupiers and investor alike to capitalize on the low interest rate environment
Strata Lots Unit
Unit 1
Units 6/7
Unit 8
Strata Lot
Strata Lot 1
Strata Lots 6 & 7
Strata Lot 8
PID
028-324-251
028-324-307; 028-324-315
028-324-323
Size*
1,707 sf
783 sf
1,265 sf
Property Taxes 2013
$16,672
($9.77 psf)
$8,036
($10.26 psf)
$12,383
($9.79 psf)
Annual Strata Fees
$6,801
($3.98 psf)
$3,112
($3.99 psf)
$5,047
($3.99 psf)
Total Taxes & Strata Fees
$23,472
($13.75 psf)
$11,159
($14.25 psf)
$17,430
($13.78 psf)
Tenant
Caffe Vibrato
Total NOI
$61,020
Cap Rate
Vacant
($35.75 psf)
$37,950
5.95%
Price / psf
Kum Ki Wa Korean Cuisine
$1,025,000
($600 psf)
n/a $410,000
($30.00 psf) 5.71%
($524 psf)
$665,000
($526 psf)
* All measurements are approximate and subject to verification.
Building Plan LOADING
Zone Bowling
Unit 8 1,265 sf
Unit 1 1,707 sf Units 6/7 783 sf
* This diagram is for illustrative purposes only and is not drawn to scale.
Braid SkyTrain Station
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Subject Property 228 Schoolhouse Street
Schoolhouse Street
Partnership. Performance. Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
© 2014 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.
court ordered sale for Sale Strata retail units ranging in size from 783 sf to 1,707 sf. Ideal for owner-occupiers and investors.
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
228
schoolhouse streeT coquitlam, BC
228
schoolhouse street coquitlam, BC
Property Summary
Opportunity
228 Schoolhouse Street Coquitlam, BC
Avison Young is pleased to introduce the opportunity to acquire strata retail units in the retail centre located at 228 Schoolhouse Street in Coquitlam, BC. The offering is comprised of three (3) separate units, ranging in size from 783 sf to 1,707 sf. These units are ideal for owner-occupiers and investors alike.
Strata Plan
The Development
Municipal Address
BCS3928
CS-1
The retail centre located at 228 Schoolhouse Street was completed in 2009 and is anchored by the Zone Bowling Centre, which features 38 lanes in a state-of-theart facility, with surrounding commercial retail units (CRUs). All CRUs have exterior access with drive-up parking and most also have interior access to the bowling alley. The retail centre is home to such other tenants as Big River Restaurant & Taphouse, Papa Leo’s Pizza, I Love Sushi, Pearl Fever, Quizno’s, Alliance RMT, Robertson Family’s Kitchen Idea Centre and Pho 99. Schoolhouse Street has exposure to over 10,000 cars per day (source: City of Coquitlam).
Parking
Location
Year Built 2009
Zoning
Shared surface parking
Existing Financing Treat as Clear Title
Price Unit 1
$1,025,000
Units 6 & 7
$410,000
Unit 8
$665,000
The property is located in a well-established retail node on the west side of Schoolhouse Street, two (2) blocks north of Lougheed Highway and immediately to the north of the SilverCity Coquitlam movie theatre. Other major retailers in the immediate area include the Real Canadian Superstore, HomeSense, Staples, Canadian Tire and IKEA. With the completion of the Port Mann Highway 1 Improvement Project, the property now benefits from easy access to the highway, leading on to Surrey and Langley to the east, and Burnaby to the West.
Property Highlights 99Located in the heart of the Lougheed Highway retail node in Coquitlam 99Excellent exposure along Schoolhouse Street 99Ample parking 99 Anchored by the Zone Bowling Centre
99Most CRUs have interior access to the Bowling Centre 99Tremendous opportunity for owner-occupiers and investor alike to capitalize on the low interest rate environment
Strata Lots Unit
Unit 1
Units 6/7
Unit 8
Strata Lot
Strata Lot 1
Strata Lots 6 & 7
Strata Lot 8
PID
028-324-251
028-324-307; 028-324-315
028-324-323
Size*
1,707 sf
783 sf
1,265 sf
Property Taxes 2013
$16,672
($9.77 psf)
$8,036
($10.26 psf)
$12,383
($9.79 psf)
Annual Strata Fees
$6,801
($3.98 psf)
$3,112
($3.99 psf)
$5,047
($3.99 psf)
Total Taxes & Strata Fees
$23,472
($13.75 psf)
$11,159
($14.25 psf)
$17,430
($13.78 psf)
Tenant
Caffe Vibrato
Total NOI
$61,020
Cap Rate
Vacant
($35.75 psf)
$37,950
5.95%
Price / psf
Kum Ki Wa Korean Cuisine
$1,025,000
($600 psf)
n/a $410,000
($30.00 psf) 5.71%
($524 psf)
$665,000
($526 psf)
* All measurements are approximate and subject to verification.
Building Plan LOADING
Zone Bowling
Unit 8 1,265 sf
Unit 1 1,707 sf Units 6/7 783 sf
* This diagram is for illustrative purposes only and is not drawn to scale.
Braid SkyTrain Station
ighw
ay
Lou
ghe
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H ig
hw ay
Trans
da H Cana
Subject Property 228 Schoolhouse Street
Schoolhouse Street
Partnership. Performance. Avison Young Commercial Real Estate Inc. #2100-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Matthew Craig*, Principal 604.647.5076 [email protected] * Personal Real Estate Corporation
Alex Messina, Associate 604.646.8391 [email protected]
© 2014 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.
