STRATA OFFICE FOR SALE

Report 4 Downloads 283 Views
STRATA OFFICE FOR SALE 201 - 207 128 W 6TH AVE VANCOUVER, BRITISH COLUMBIA

Raman Bayanzadeh Commercial Real Estate  Investment & Leasing Bsc. Industrial Eng., DIPBM

O 604 684 8844 ext 707 F 604 684 8844 C 778 896 7592 TF 1 877 877 0417 E [email protected]

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com

STRATA OFFICE FOR SALE 201 - 207 128 W 6TH AVE

VANCOUVER, BRITISH COLUMBIA

INVESTMENT OPPORTUNITY Asking Price $2,550,000 Rental Income $114,020.00/yr • Parking Income $7,200/yr (6x100/m) •Total Net Income $121,220.00/yr • Asking Cap Rate 4.75% •Current Tenant Omni TV •Lease Term Exp. Feb 29th 2016 • •

PROPERTY CHARACTERISTICS •

Location

Unit Size(s) Building Type • Construction • Ceiling Height • Parking • Zoning • Amenities • Monthly Strata Fees • Property Taxes • •

201 - 207 128 W 6th Ave Vancouver, BC ~5,701 SF Low Rise, Mixed Use Concrete 14 FT 6 @ $100/Month I -1 HVAC System, Secured Building, Secured Parking, Secured Hallway $ 1,500/month $ 34,224 (2013)

PID

Legal Description

023-798-513

PL#LMS2849 DL 200A Lot8 DL 36

023-798-521

PL#LMS2849 DL 200A Lot9 DL 36

023-798-530

PL#LMS2849 DL200A Lot10 DL 36

023-798-548

PL#LMS2849 DL200A Lot 11 DL 36

023-798-556

PL#LMS2849 DL200A Lot12 DL 36

023-798-564

PL#LMS2849 DL200A Lot 13 DL36

023-798-572

PL#LMS2849 DL200A Lot 14 DL36

Disclaimer: The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com

OFFICE STRATA FOR SALE 201 - 207 128 W 6TH AVE

VANCOUVER, BRITISH COLUMBIA

ZONING Outright uses permitted: [Cultural and Recreational] • Artist Studio – Class A • Arts and Culture Indoor Event. • Club. [Manufacturing] • Bakery Products Manufacturing. • Batteries Manufacturing. • Chemicals or Chemical Products Manufacturing - Class B. • Clothing Manufacturing Dairy Products Manufacturing. Electrical Products or Appliances Manufacturing. • Food or Beverage Products Manufacturing - Class B. • Furniture or Fixtures Manufacturing. • Ice Manufacturing. • Jewelry Manufacturing. • Leather Products Manufacturing. • Miscellaneous Products Manufacturing - Class B. • Non-metallic Mineral Products Manufacturing - Class B. • Paper Products Manufacturing. • Plastic Products Manufacturing. • Printing or Publishing. • Rubber Products Manufacturing. • Shoes or Boots Manufacturing. • Software Manufacturing. • Tobacco Products Manufacturing. • Wood Products Manufacturing - Class B. • •

[Service] • Animal Clinic. • Catering Establishment. • Laboratory. • Laundry or Cleaning Plant. • Motor Vehicle Repair Shop. • Motor Vehicle Wash. • Photo finishing or Photography Laboratory. • Production or Rehearsal Studio. • Repair Shop - Class A. • School - Vocational or Trade. • Sign Painting Shop. • Work Shop.

[Transportation and Storage] • Cold Storage Plant. • Packaging Plant. • Storage Warehouse. [Utility and Communication] • Radiocommunication Station. [Wholesale] • Lumber and Building Materials Establishment. • Wholesaling - Class A. • Wholesaling - Class B, provided that floor area does not exceed 1 000 m².



Conditional uses permitted: [Office] * • General Office. • Health Enhancement Centre. ** the maximum floor space ratio shall be 1.0 for General Office use, except that the Director of Planning may permit additional floor area for General Office use to a maximum floor space ratio of an additional 1.0, if an equal amount of floor area on the ground floor is used for a use listed in subsection 4.7.1(a); ** in addition to other uses as per I -1 District Schedeule

OVERVIEW Opportunity to purchase up to 5,701 SF of prime 2nd floor Office/Showroom spaces in the desired Mount Pleasant area with Downtown skyline and North Shore mountain views. This property is located within the Centro, a concrete built mixed use commercial/residential building, 2 blocks west of Main Street and close to 2 Sky-train stations. This property is air conditioned, fully finished, and furnished, comes with male and female washrooms, 7 secure underground parking spots, and is provided elevator access through a private and secured second floor hallway. The freight elevator also provides convenient access to the common loading area. Option to demise under certain conditions.

Disclaimer: The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com

STRATA OFFICE FOR SALE 201 - 207 128 W 6TH AVE

OFFICE FLOOR PLAN

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com

VANCOUVER, BRITISH COLUMBIA

OFFICE STRATA FOR SALE Site Map

128 128 W6thW 6TH AVE 201 - 207

128 W 6th Ave, Vancouver, British Columbia, V5Y Ring: 0.5, 1, 1.5 Kilometers

AREA DEMOGRAPHICS ( 0.5 km, 1 km, 1.5 km

by Eugen Klein VANCOUVER,Prepared BRITISH COLUMBIA Latitude: 49.265613 Longitude: -123.10768

S o u r c e : C o p y r i g h t © 2 0 1 2 E n v i r o n i c s A n a l y t i c s . E n v i r o n i c s A n a l y t i c s a c q u i r e s a n d d i s t r i b u t e s S t a t i s t i c s C a n a d a f i l e s i n a c c o r d a n c e w i t h t h e G o v e r n m e n t o f C a n a d a ’s O p e n D a t a P o l i c y. N o information on any individual or household was made available to Environics Analytics by Statistics Canada.

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com ©2014 Esri

July 29, 2014

STRATA OFFICE FOR SALE 201 - 207 128 W 6TH AVE

VANCOUVER, BRITISH COLUMBIA

Demographic Estimates & Projections - Market Profile Rings: 0.5, 1, 1.5 kilometers radii

Prepared by Eugen Klein Latitude: 49.265613 Longitude: -123.10768 0.5 kilometers

1 kilometer

1.5 kilometers

Education: Total ($) Average Spent Spending Potential Index

$4,790,604 $2,034 172

$20,795,232 $1,681 142

$51,745,451 $1,617 137

Tobacco products and alcoholic beverages: Total($) Average Spent Spending Potential Index Games of chance (net): Total ($) Average Spent Spending Potential Index

$4,436,860 $1,884 105 $259,199 $110 38

$22,370,787 $1,808 101 $1,546,856 $125 43

$60,838,485 $1,901 106 $6,211,647 $194 66

$37,315,843 $15,847

$183,519,780 $14,831

$519,935,584 $16,250

93 $8,551,219 $3,632 79 $4,271,624

87 $44,420,946 $3,590 78 $18,395,411

95 $128,381,737 $4,012 87 $55,065,488

$1,814

$1,487

$1,721

87 $4,958,247 $2,106 51

71 $47,307,513 $3,823 92

82 $139,424,311 $4,358 105

Personal Taxes: Total ($) Average Spent Spending Potential Index Personal insurance payments and pension contributions: Average Spent Spending Potential Index Gifts of money and contributions: Total ($) Average Spent Spending Potential Index Total homeowner repairs and improvements: Total ($) Average Spent Spending Potential Index

S o u r c e : C o p y r i g h t © 2 0 1 2 E n v i r o n i c s A n a l y t i c s . E n v i r o n i c s A n a l y t i c s a c q u i r e s a n d d i s t r i b u t e s S t a t i s t i c s C a n a d a f i l e s i n a c c o r d a n c e w i t h t h e G o v e r n m e n t o f C a n a d a ’s O p e n D a t a P o l i c y. N o information on any individual or household was made available to Environics Analytics by Statistics Canada.

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com

OFFICE STRATA FOR SALE 201 - 207 128 W 6TH AVE

VANCOUVER, BRITISH COLUMBIA

Demographic Estimates & Projections - Market Profile Rings: 0.5, 1, 1.5 kilometers radii

Prepared by Eugen Klein Latitude: 49.265613 Longitude: -123.10768 0.5 kilometers

1 kilometer

1.5 kilometers

2,416 3,952 6,288 9.73%

15,851 21,138 27,585 5.47%

46,254 59,164 68,561 2.99%

2007 Households 2007 Average Household Size 2012 Households 2012 Average Household Size 2017 Households

1,492 1.58 2,355 1.62 3,798

9,322 1.66 12,374 1.66 16,451

24,881 1.82 31,996 1.80 38,191

2017 Average Household Size 2012-2017 Annual Rate

1.62 10.03%

1.64 5.86%

1.75 3.60%

2007 Families 2007 Average Family Size 2012 Families 2012 Average Family Size

468 2.35 787 2.35

3,423 2.40 4,428 2.39

11,001 2.54 13,756 2.54

2017 Families 2017 Average Family Size

1,315 6.63

5,787 4.02

15,957 3.67

10.81%

5.50%

3.01%

2007 Dwellings Owned Dwellings

1,492 529

9,322 3,566

24,881 11,030

Rented Dwellings Band Housing 2012 Dwellings Owned Dwellings

963 0 2,355 1,059

5,756 0 12,374 5,318

13,851 0 31,996 15,639

Rented Dwellings

1,295 0 3,798 1,915 1,882 0

7,056 0 16,451 7,435 9,016 0

16,357 0 38,191 19,406 18,784 0

$61,913 $69,630

$64,726 $69,195

$73,986 $77,702

$89,850

$84,747

$91,920

$38,236 $41,490 $54,268

$38,066 $40,507 $50,542

$39,799 $42,022 $51,202

36.10 38.60 40.60

37.90 39.90 42.00

37.20 38.90 40.50

Summary 2007 Total Population 2012 Total Population 2017 Total Population 2012-2017 Annual Rate

2012-2017 Annual Rate

Band Housing 2017 Dwellings Owned Dwellings Rented Dwellings Band Housing Average Household Income 2007 2012 2017 Per Capita Income 2007 2012 2017 Median Age 2007 2012 2017

S o u r c e : C o p y r i g h t © 2 0 1 2 E n v i r o n i c s A n a l y t i c s . E n v i r o n i c s A n a l y t i c s a c q u i r e s a n d d i s t r i b u t e s S t a t i s t i c s C a n a d a f i l e s i n a c c o r d a n c e w i t h t h e G o v e r n m e n t o f C a n a d a ’s O p e n D a t a P o l i c y. N o information on any individual or household was made available to Environics Analytics by Statistics Canada.

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com

STRATA OFFICE FOR SALE 201 - 207 128 W 6TH AVE

VANCOUVER, BRITISH COLUMBIA

Demographic Estimates & Projections - Market Profile Rings: 0.5, 1, 1.5 kilometers radii

Prepared by Eugen Klein Latitude: 49.265613 Longitude: -123.10768 0.5 kilometers

1 kilometer

1.5 kilometers

2012 Household Spending Potential shows the amount spent on a variety of goods and services by households that reside in the market area. Expenditures are shown by broad budget categories that are not mutually exclusive. Household spending does not equal business revenue. Total expenditure: Total ($) Average Spent Spending Potential Index Total current consumption: Total ($)

$162,425,300 $68,978 84

$833,013,212 $67,320 82

$2,432,531,977 $76,026 92

$112,286,614

$586,677,075

$1,729,149,167

$47,686 81

$47,412 81

$54,043 92

$17,246,064

$88,555,385

$261,127,859

$7,324 86

$7,157 84

$8,161 96

$38,120,874 $16,189 101 $5,993,349 $2,545

$188,396,157 $15,225 95 $34,599,750 $2,796

$551,070,841 $17,223 107 $104,897,637 $3,278

Average Spent Spending Potential Index Food: Total ($) Average Spent Spending Potential Index Shelter: Total ($) Average Spent Spending Potential Index Household Operation: Total ($) Average Spent Spending Potential Index

66

72

85

$4,194,277 $1,781 77 $8,892,763 $3,777

$22,850,630 $1,847 80 $43,377,593 $3,506

$64,896,073 $2,028 87 $125,287,489 $3,916

109 $12,232,836

101 $75,366,252

113 $235,689,614

Average Spent Spending Potential Index Health care: Total ($) Average Spent Spending Potential Index

$5,195 47 $3,374,065 $1,433 63

$6,091 55 $19,290,900 $1,559 69

$7,366 66 $58,483,207 $1,828 81

Personal care: Total ($) Average Spent

$2,503,063 $1,063

$13,465,078 $1,088

$40,851,328 $1,277

Spending Potential Index Recreation: Total ($) Average Spent

78 $7,324,552 $3,111

80 $40,201,647 $3,249

93 $120,774,949 $3,775

66 $787,788

69 $3,921,618

80 $11,574,779

$335 110

$317 104

$362 119

Household furnishings and equipment: Total ($) Average Spent Spending Potential Index Clothing: Total ($) Average Spent Spending Potential Index Transportation: Total ($)

Spending Potential Index Reading materials and other printed matter: Total($) Average Spent Spending Potential Index

S o u r c e : C o p y r i g h t © 2 0 1 2 E n v i r o n i c s A n a l y t i c s . E n v i r o n i c s A n a l y t i c s a c q u i r e s a n d d i s t r i b u t e s S t a t i s t i c s C a n a d a f i l e s i n a c c o r d a n c e w i t h t h e G o v e r n m e n t o f C a n a d a ’s O p e n D a t a P o l i c y. N o information on any individual or household was made available to Environics Analytics by Statistics Canada.

Klein Group, Royal LePage City Centre | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com