Download - FOR FLEX-OFFICE
CBRE Limited Vancouver | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3
DARK GREEN LIGHT GREEN ORANGE RICH BLACK
CBRE COLOURS FOR BROCHURES
Jim Szabo*
Vice Chairman
National Investment Team
Vancouver
604.662.5125
Tony Quattrin*
Vice Chairman
National Investment Team
Vancouver
604.662.5154
*Personal Real Estate Corporation
FL EX- OFF ICE
INV ESTMENT OPPORTUNITY
FOR MORE
INFORMATION
PLEASE
CONTACT:
FOR
SALE 1 7 8 1 W e s t 7 5t h
A v e n u e , V a n c o u v e r B . C .
Blair Quinn*
Executive Vice President
The High Technology Facilities
Group
604.662.5161
• Fully leased, single-tenant, flex-industrial/office building
• Annual rental steps provide for consistent growth
• Convenient distance to Highway 99, Granville Street,
YVR, UBC and public transit
• Fully leased, single-tenant, flex-industrial/office
building
• Annual rental steps provide for consistent growth
• Convenient distance to Highway 99, Granville Street,
YVR, UBC and public transit
CBRE Limited is pleased to
present the opportunity to
purchase a rare two-storey
flex-industrial/office building
located in South Vancouver.
The 46,032 SF, fully-leased,
single-tenant site boasts a
highly unique mix of office,
warehouse, and high-tech
manufacturing/lab space, as
well as
enjoys close proximity to
public transit, restaurants,
and major Vancouver
thoroughfares.
CBRE Limited is pleased to present the rare opportunity to purchase 1781 West 75th Avenue, a two-storey, 46,032
SF flex-office building in South Vancouver’s burgeoning Marpole neighbourhood.
Property Highlights:
Close proximity to YVR, UBC, Downtown Vancouver and Richmond, with easy access via Granville St.,
Southwest Marine Drive and HWY 99
Flexible mix of office, warehouse, shipping and high-tech manufacturing/lab space
Fully leased to a single tenant with 7.75 years remaining
Annual rent steps of 3.0% per annum provide for consistent income growth
Option to renew lease term for two consecutive five year terms; limited options for tenant to relocate
CBRE Limited is pleased to
present the rare opportunity
to purchase a flex-industrial /
office building locating in the
burgeoning Marpole
neighbourhood in South
Vancouver
The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no representation, warranty or guarantee of its
accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors, omissions, change in offering terms, withdrawal of offering without notice and to any other
special listing conditions. You and your tax, legal, and financial advisors agree to conduct an independent investigation.
DARK GREEN LIGHT GREEN ORANGE RICH BLACK
CBRE COLOURS FOR BROCHURES
BUILDING DETAILS
• 46,032 SF flex-office building on a 1.38 acre site
• Single-tenant building fully-leased with 7.75 years remaining in term
• Renovated extensively in 1998, 2004 and 2012
• Four loading bays: three at-grade and one dock level
• Second floor served by 4 stairways and a double door, freight-capable
elevator
• Large board rooms and flexible demountable office space
1 7 8 1 W e s t 7 5t h
A v e n u e , V a n c o u v e r , B . C . FOR SALE:
Municipal Address
1781 West 75th Ave. Vancouver BC
Legal Descriptions
Lt 2, 3, 4 Block 2 Dist Lot 317
Pln 20074
PIDs
004-264-100
004-264-126
004-264-231
Site Area
1.38 acres (60,063 SF)
Approximate Frontage
295 feet along 75th Avenue
Zoning
CD-1
Net Rentable Area
46,032 SF
FY1 Base Rent & TI Rent Total Income
$1,859,335
Parking/Loading
42 stalls
4 loading bays
Price
Bid Process
(See Agent for Details)
PROPERTY SUMMARY
MIXED-USE BUILDING
ATTRACTIVE AMENITIES
• Second floor balcony with river views
• Abundant natural light – large windows on three sides plus office skylights
• Staff kitchen and lunchrooms, as well as an outdoor eating area
• Transitional meeting and entertainment area with accordion folding walls
• Adjacent to and across from Fraser River Park
• Office / Admin
• Warehouse
• Manufacturing
• Packaging / Distribution
• Level 2 Biohazard Labs
(Certified by Health Canada)
The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no
representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors,
omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct
an independent investigation.
DARK GREEN LIGHT GREEN ORANGE RICH BLACK
CBRE COLOURS FOR BROCHURES
VANCOUVER INDUSTRIAL MARKET OVERVIEW
• Vancouver’s industrial market is shifting away from light manufacturing
towards more service orientated and flex-office uses.
• Demand for industrial product along with regional economic conditions
have created expansion and acquisition opportunities for investors.
• Vacancy rate for industrial properties remains at 3.2% in the City of
Vancouver, demonstrating the strong demand for industrial space.
• There are currently few opportunities for purchasing flex-industrial
buildings in the City of Vancouver.
A U n i q u e F l e x - O f f i c e B u i l d i n g
A R a r e O p p o r t u n i t y t o R e l o c a t e o r I n v e s t i n V a n c o u v e r
LOCATION OVERVIEW
• The Subject Property is located on the north side of West 75th Avenue, in South Vancouver’s growing and
developing Marpole neighbourhood.
• The Property is situated conveniently close to the Marpole Bus Loop, providing for easy transit connections to
Downtown Vancouver, New Westminster, Richmond and the University of British Columbia.
• The Property enjoys close proximity to the Vancouver International Airport, as well as some of Vancouver’s
major thoroughfares - Granville Street, Southwest Marine Drive and Highway 99.
BUILDING AREA
(Approximate)
GROUND FLOOR Office: 4,256 SF
Lab/Manufacturing/Packaging 13,200 SF
Warehouse Space: 10,752 SF
MEZZANINE Office 4,768 SF
Lab/Manufacturing/Packaging 11,424 SF
Warehouse Space 1,632 SF
TOTAL: 46,032 SF
The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no
representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors,
omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct
an independent investigation.
DARK GREEN LIGHT GREEN ORANGE RICH BLACK
CBRE COLOURS FOR BROCHURES
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. Mapping Sources: Canadian Mapping Services
[email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
Downtown
Calgary
CBRE Limited Vancouver | 1111 West Georgia Street | Suite 600 | Vancouver, BC V6E 4M3
FOR SALE
R A R E V A N C O U V E R F L E X - O F F I C E
B U I L D I N G
1 7 8 1 W e s t 7 5t h
A v e . , V a n c o u v e r B . C .
Jim Szabo*
Vice Chairman
National Investment
Team - Vancouver
604.662.5125
Tony Quattrin*
Vice Chairman
National Investment
Team - Vancouver
604.662.5154
FOR MORE INFORMATION, PLEASE CONTACT:
*Personal Real Estate Corporation
Blair Quinn*
Executive Vice President
The High Technologies
Facilities Group
604.662.5161
YVR
UBC
Vancouver Transit
Centre (Marpole Loop)
DOWNTOWN VANCOUVER
RICHMOND
Arthur Laing
Bridge
Canada Line
Skytrain
SUBJECT
PROPERTY
Subject Property
The information contained herein was obtained from sources we believe to be reliable. However, neither CBRE, nor the property owner have verified the information and make no
representation, warranty or guarantee of its accuracy or completeness. The information provided is for informational purposes only and is provided subject to the possibility of errors,
omissions, change in offering terms, withdrawal of offering without notice and to any other special listing conditions. You and your tax, legal, and financial advisors agree to conduct an
independent investigation.