Business with Property for Sale

BUSINESS WITH PROPERTY FOR SALE

125 - 8231 CAMBIE ROAD

Raman Bayanzadeh Pouria Nikravan Commercial Real Estate Investment Commercial Real Estate Investment CCIM, Bsc. Industrial Eng., DIPBM B.Comm (Real Estate & Finance), CSC O 604 684 8844 ext 707 O 604 684 8844 ext 702 C 778 896 7592 C 604 783 0380 E [email protected] E [email protected]

125 - 8231 CAMBIE ROAD RICHMOND, BRITISH COLUMBIA

OVERVIEW

Ideal for investors or owner operators alike, Klein Group presents 125 - 8231 Cambie Road. This opportunity features a sale of business (share purchase) with a 2,342 SF of ground floor industrial space. This magnificent unit is located at a high traffic area, on the cornor of Cambie Road and No 3 Road and near one of Richmond’s busiest shopping centres, Aberdeen Centre, providing any user with spectacular triple exposure. OPPORTUNITY SUMMARY PROPERTY CHARACTERISTICS Location #125 - 8231 Cambie Road, Size 2,342 SF Richmond, BC Parking 3 Parking Stalls Asking Price $1,380,000 Assessment (2019) $802,400 Occupancy Vacant or potential Tax (2017) $7,343.16 Lease-Back Strata Fees ~$260 Type of Sale Share purchase Zoning IR1 CA - Industrial Retail Year Built 1990

POTENTIAL INCOME (FOR INVESTOR) PROPERTY INFORMATION NOI $50,500 PID 015-087-271 Cap Rate ~3.7% Legal Discription LOT 5 BLOCK 5 DISTRICT LOT 36 PLAN# NW S3140

YAOHAN CENTRE

CONTINENTAL CENTRE

NO. 3 RD

CAMBIE RD

ABERDEEN CENTRE SELF STORAGE DEPOT PACIFIC PLAZA GARDEN CITY RD

PARKER PLACE HAZELBRIDGE WAY

125 - 8231 CAMBIE ROAD RICHMOND, BRITISH COLUMBIA

FLOOR PLAN

125 - 8231 CAMBIE ROAD RICHMOND, BRITISH COLUMBIA

ZONING SUMMARY

Industrial Retail (IR1, IR2):

The zone provides for a range of general industrial uses, stand-alone offices and a limited range of retail uses, with a few other compatible uses (IR1). Another sub-zone exists that would be used for rezoning applications in order to implement the City Centre Area Plan (IR2).

Permitted Uses: • recycling depot • recycling drop-off • auction, minor • restaurant • building or garden supply • restaurant, drive-through • child care • retail, second hand • commercial storage • service, business support • commercial vehicle parking and storage • studio • contractor service • utility, minor • education, commercial • vehicle body repair or paint shop • equipment, minor • vehicle repair • emergency service • warehouse sales • government service • greenhouse & plant nursery • health service, minor] • industrial, general • library and exhibit • manufacturing, custom indoor • office • parking, non-accessory • recreation, indoor

Disclaimer: This is not an offering for sale. An offering for sale may only be made after filing a Disclosure Statement under the Real Estate Development Marketing Act. Contact Royal LePage Sussex Klein Group for further details as well as a copy of the Disclosure Statement when available. After a Disclosure statement is filed, the developer reserves the right to make modifications to building design, specifications, features and floor plans. Prices are subject to change and can be withdrawn at any time.

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. Copyright © 2019 - Royal LePage Sussex Klein Group | Suite 204 345 Robson Street | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 1 866 352 9311 | TF 1 855 684 8844 | www.kleingroup.com BUSINESS WITH PROPERTY FOR SALE

125 - 8231 CAMBIE ROAD RICHMOND, BRITISH COLUMBIA

DEMOGRAPHIC SUMMARY | 10 MIN DRIVE

KEY FACTS MOTHER TONGUE

6,068 2.3

Population Average Household Size 100% 39.9 $65,538

Median Age Median Household Income Non-Ofﬁcial 72.9% French 0.6% Age Pyramid English 26.6% The largest group: 2018 Female Population 25 To 29 ANNUAL HOUSEHOLD SPENDING

The smallest group: 2018 Female Population 10 To 14

$20,403 $11,832 Shelter $11,642 Transportation Food

$1,867 $3,461 $3,489

Dots show comparison to Education Health Care Clothing

20% 10 0 10 20% Richmond

125 - 8231 CAMBIE ROAD RICHMOND, BRITISH COLUMBIA

PHOTOS - MAIN FLOOR & EXTERIOR

125 - 8231 CAMBIE ROAD RICHMOND, BRITISH COLUMBIA

PHOTOS - SECOND FLOOR