3555 East 5Th Avenue, Vancouver, BC

DOWNTOWN VANCOUVER FOR SALE - CITY OF VANCOUVER 2.76 Acre Site Improved with 53,000 SF of Income-Producing Mini Storage 3555 East 5th Avenue, Vancouver, BC

NORTH VANCOUVER

EAST 5TH AVENUE

TRANS-CANADA HIGHWAY

DARREN CANNON PHIL GIBBONS ROY PAT (白松恩) Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Executive Vice President Senior Associate Associate Vice President TEL: 604 662 2637 TEL: 604 662 2635 TEL: 604 694 7204 [email protected] [email protected] [email protected] THETHE OPPORTUNITY OPPORTUNITY To Toacquire acquire a high an exposure, increasingly income-producing rare commodity mini-storage – a operationsite designated on a 2.76 for acre re- sitedevelopment in the heart ofin Vancouver.the heart ofThe ‘LOLO’ property – the features popular direct Lower exposure Lonsdale to the community in Trans-Canadathe waterfront Highway area of- an the excellent City of featureNorth Vancouver.for any future development.

INVESTMENT HIGHLIGHTS LOCATION • Marquee 2.76 acre site within the City of Vancouver 3555 East 5th Avenue is ideally located just off the Trans-Canada Highway between East 1st Avenue and Lougheed Highway, offering easy access into Vancouver and • 380’ of direct exposure to the Trans-Canada Highway (Hwy 1) Burnaby alike. Located in the heart of Vancouver, the property enjoys access to the • Income producing mini-storage at below-market occupancy Gilmore Skytrain station and Brentwood Town Centre within its two-kilometer radius. • Significant opportunity for future redevelopment to alternative uses and potentially to a higher density ZONING • Approximately 100,000 cars pass the site each day CD-1 (125) – allowing for a variety of general industrial uses including warehousing, • Efficient site configuration wholesaling, and light manufacturing with a maximum FSR of 0.50.

SALIENT FACTS PROPERTY TAXES (2018) Address: 3555 East 5th Avenue, Vancouver, BC $142,546.20 Legal Address: Lot 1, Block 106 and 108, Section 28, Town of Hastings Surburban Lands, Plan 16809 ASKING PRICE & INCOME DETAILS PID 003-964-728

Site Area: 2.76 acres Current Net Income Approx. $842,000 / annum Existing Building Area & Current Occupancy & Total Unit Count 77% / 554 53,778 SF (0.447 FSR) Density: Asking Price $19,200,000 (4.39% Cap Rate) Allowable Density: 0.5 FSR Site Coverage: 45% OFFERING PROCESS Approximate Frontage: 380 feet along Trans-Canada Highway and 387 feet along East 5th Avenue Interested parties will be provided with access to all due diligence materials once a confidentiality agreement has been signed. Improvements: The site is improved with multiple single storey Please contact listing agents for further details. mini-storage warehouses offering holding income without the need for significant hands-on management expense. Buntzen Lake Capilano Lake

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GILMORE SKYTRAIN 3555 LOUGHEED HIGHWAY East 5th Avenue

EAST 1ST AVENUE

BOUNDARY ROAD

TRANS-CANADA HIGHWAY

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