237 East Columbia Street New Westminster, Bc

FOR SALE / DEVELOPMENT OPPORTUNITY 237 EAST COLUMBIA STREET NEW WESTMINSTER, BC

FULLY LEASED MEDICAL BUILDING 400 METERS FROM SAPPERTON SKYTRAIN STATION

ROYAL COLUMBIAN HOSPITAL

EAST COLUMBIA ST SAPPERTON STATION

BREWERY DISTRICT

ROGER LEGGATT MAX ZESSEL RICK EASTMAN Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Executive Vice President Senior Vice President Executive Vice President, Industrial 604 640 5882 604 640 5824 604 640 5863 [email protected] [email protected] [email protected]

Suite 700 - 700 West Georgia Street / PO Box 10023, Paciﬁ c Centre / Vancouver, BC V7Y 1A1 / 604 683 3111 / www.cushmanwakeﬁ eld.ca FOR SALE 237 EAST COLUMBIA STREET NEW WESTMINSTER, BC

OPPORTUNITY • Fully leased to BC Centre for Disease Control, C&W is pleased to present the opportunity to purchase Provincial Health Services Authority and a 2 storey 12,699 Sq. Ft. offi ce building located at Mountain View Health Clinic 237 East Columbia Street in New Westminster. The Property, situated on a 15,780 Sq. Ft. lot, represents • Over 130 feet of frontage on East Columbia Street a signiﬁ cant development opportunity to build upon the burgeoning community surrounding Royal Columbian • Natural slope of the Property off ers potential for Hospital, which is currently undergoing a $1.35 Billion stunning views of the Fraser River dollar renovation and expansion. • Located adjacent from Royal Columbia Hospital which The Property is fully leased to BC Centre for Disease treats over 21,000 inpatients, 75,000 Emergency Control, Provincial Health Services Authority and Mountain View Health Clinic. visitors, and 88,000 outpatients each year The C-2 Community Commercial District zoning allows LOT SIZE 15,780 sf for various uses such as professional offi ces, cafes and restaurants, child care, health services centres, retail LOT DIMENSIONS 131.5’ x 120.02’ stores, and personal services. CURRENT BUILDING SIZE 12,699 sf

LOCATION EAST COLUMBIA ST The Property is easily accessible by all modes of transportation, located 400 metres from the Sapperton 131.5’ SkyTrain Station and at the Brunette Avenue entrance to Highway 1, in the Historic Sapperton Neighbourhood of New Westminster. SIMPSON ST This area has been undergoing a transformation with the development of the vibrant mixed-use Brewery District, introducing national tenants such as 120.02’ Shopper’s Drug Mart, Save-On-Foods and TD Bank.

New Westminster has a population of approximately 75,570 and a projected growth rate of 7.9% (2018-2023).

PROPERTY TAX $37,607.07 (2020) POTENTIAL 8 STOREY MASSING

NET OPERATING INCOME $235,259 (est.)

ASKING PRICE Please contact Listing Agents

SIMPSON ST

EAST COLUMBIA ST DEVELOPMENT OPPORTUNITY FULLY LEASED MEDICAL BUILDING 400 METERS FROM SAPPERTON SKYTRAIN STATION

SAPPERTON STATION

BREWERY DISTRICT

EAST COLUMBIA ST

ROYAL COLUMBIAN HOSPITAL

ABOUT THE AREA Located in New Westminster, Metro Vancouver’s geographic centre, and adjacent to Royal Columbian Hospital (RCH), the Subject Property is ideally positioned in the rapidly growing health care centric neighbourhood. This SUBJECT growing mixed-use community called PROPERTY the IDEA Centre of New Westminster, envisions the region as an Economic Health Care Cluster anchored by RCH. Under the offi cial community plan 237 East Columbia can beneﬁ t from a Medium to High Density redevelopment. This development’s intent is to promote the growth of the advanced health care niche of New Westminster to create an integrated collection of health and THREE-PHASE $1.35 BILLION technology businesses, organizations ROYAL COLUMBIAN HOSPITAL REDEVELOPMENT and entrepreneurs. The expansion and renovations to RCH, which are slated for completion in 2026, will allow an increase of 11,300 more inpatients per year and spur demand for more health care service space and retailers for the neighbourhood. FOR SALE / DEVELOPMENT OPPORTUNITY 237 EAST COLUMBIA STREET NEW WESTMINSTER, BC

PORT MANN BRIDGE

SAPPERTON STATION ROYAL COLUMBIAN HOSPITAL

BREWERY DISTRICT

EAST COLUMBIA ST

SIMPSON ST

AMENITIES WITHIN A 15 MINUTE WALK

ROYAL COLUMBIAN HOSPITAL

SAPPERTON SKYTRAIN STATION

17 CAFES / DINING OPTIONS 5 MINUTES TO HIGHWAY 1 BY CAR

90 CLINICS / 30 MINUTES MEDICAL SERVICES TO DOWNTOWN BY TRANSIT

30 MINUTES 6 PHARMACIES TO YVR BY CAR

E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakeﬁ eld ULC 09/20 bg