Multi-Tenant Building in For Sale ’s Austin Heights

Location Contact 1066 Austin Avenue Jordan Curteanu Jack Allpress* Coquitlam 604 638 2124 604 638 1975 [email protected] [email protected]

*Personal Real Estate Corporation For Sale 1066 Austin Avenue Coquitlam BC

Opportunity

Rare opportunity to acquire an exceptionally well positioned corner lot at the gateway to Austin Heights, a rapidly evolving neighbourhood in Coquitlam. Purchase freehold interest in improved land with future development upside at near strata pricing.

Highlights

High-profile corner income property with future development potential.

Purchase freehold interest in improved land at near strata pricing Location

Holding income from existing tenants The site is located on the southwest corner of Austin Avenue and Marmont Street in the Austin Heights neighbourhood of Coquitlam. Austin Heights is a vibrant, community-oriented neighbourhood with excellent accessibility, diversity, and amenities. Austin Avenue is a commercial main street and local shopping destination for Coquitlam residents. Current C-2 General Commercial Zone allows for restaurants, retail, grocery, education centers, The property is shadow-anchored by Beedie Living’s massive Safeway expansion and redevelopment, financial institutions, and more estimated to open Summer 2019. Other area tenants will include RONA, BMO, TD Canada Trust, CIBC, Pharmasave, and Westminster Savings. With the recent expansion of the and the new Evergreen Line, Coquitlam has gained greater connectivity to the rest of the Lower Mainland. Potential high-rise or wood-frame mixed-use development site Lougheed Town Centre is a five minute drive from the subject site. Comparable to the Brentwood and Oakridge Town Centre redevelopment, the City of Lougheed project is expected to become a major transit plaza for Coquitlam. Upon full completion of all phases, the 37 acre transit-oriented development will entail Designated as a high-density Neighbourhood Centre over 20 towers reaching heights of up to 65 storeys, with over 10,000 units of housing within nearly 11 million in the Austin Heights Neighbourhood Plan sq.ft of residential space as well as 1.5 million sq.ft of new retail space. In total, the master plan calls for up to 20,000 residents and 12.86 million sq.ft of retail, commercial, office, and entertainment space.

02 For Sale AUSTIN AVENUE 1066 Austin Avenue Coquitlam BC

Salient Details

Municipal Address: 1066 Austin Avenue, Coquitlam, BC PID: 010-021-183 Legal LOT 10 BLOCK 3 DISTRICT LOT 108 GROUP 1 NEW Genesis Description: WESTMINSTER DISTRICT PLAN 14679 Day Spa Lot Size: 7,839 SF 2,495 SF 936 SF Building Area: 3,444 SF Current Subway, Genesis Day Spa Property Tenants: MARMONT STREET Parking 8 surface level parking stalls Austin Avenue: 24,068 VPD Traffic Counts: Marmont Street: 10,654 VPD Current Zoning: C-2 General Commercial C-5 Community Commercial This zone provides for the development of high- Projected Zoning: density, mixed-use, accommodating residential, retail and commercial uses. 4.0 FAR plus optional 1.0 FAR bonus density for affordable and/or special needs housing* Projected Density: *Site will require assembly of multiple properties to achieve floorspace to generate a high--rise building Austin Heights - The new community plan envisions 3,444 SF Austin Avenue as a high-density, mixed-use, and Retail Building NCP: transit-oriented corridor with a range of active commercial uses including retail and office with residential located above.

Asking Price: Please contact listing agent

$/SF of Existing $1,306 Improvements

03 For Sale 1066 Austin Avenue Coquitlam BC

Site Aerial

by

152 BUS LINE TO LOUGHEED TOWN CENTRE SKYTRAIN STATION

Subject Site AUSTIN AVENUE

MARMONT STREET

04 For Sale 1066 Austin Avenue Coquitlam BC

Future Development Potential

The Austin Heights Neighbourhood Plan envisions a transition of the neighbourhood commercial core to a high-density mixed-use area with a focus on pedestrians, cyclists and transit users. This commercial area is AUSTIN HEIGHTS NEIGHBOURHOOD CENTRE anticipated to meet the needs of the local neighbourhood while serving as DENSITY AND HEIGHT REVIEW a shopping destination and employment centre for the broader community.

Recent amendments to the Official Community Plan and Zoning Bylaws will

Howie Ave t support the intent of the Austin Heights Neighbourhood Plan to continue yrubsnetaG S revitalizing the Neighbourhood Centre. Proposed changes are as follows:

Blue Mountain St • Bring the C-5 zone in line with the Citywide Density Bonusing Program, nosleN tS Ridgeway Ave

by introducing a base density FAR of 2.5 with 0.5 FAR incremental tnomraM tS

steps up to a maximum density of 4.0 FAR Austin Ave • A maximum building height of 25 storeys has been introduced • Consider the exemption of purpose-built rental floorspace from maximum density allowances up to an additional 1.0 FAR bonus in Charland Ave Charland Ave Subject Site exchange for affordable and or special needs housing.

With a number of upcoming and current developments, Austin Heights has Austin Heights Neighbourhood Centre Height Limits Neighbourhood Centre Boundary become a highly desirable neighbourhood for residents and retailers alike. This information has been prepared to provide information only. It is not a legal document. If any contradiction exists between this document and the relevant City Bylaws, codes of Policies, the text of the Bylaws, codes or Policies shall be the legal authority. 25 Storey Height Limit 025 50 100 150 200 4 Storey Height Limit ± Metres Note: Ortho Image taken Spring 2016

coquitlam.ca/AHDR

AUSTIN AVENUE (24,068 VPD)

MARMONT STREET (10,654VPD) Subject Site Subject Site 05 For Sale 1066 Austin Avenue Coquitlam BC

7

GATENSBURY STREET

MARMONT STREET NELSON STREET NELSON

RIDGEWAY AVENUE

BLUE MOUNTAIN STREET 12 11 10 2 3 4 5 13 AUSTIN AVENUE 14 15 9 8 1 6

16 CHARLAND AVENUE 17

DANSEY AVENUE

2018 Estimates & Projections 1 KM 3 KM 5 KM Coquitlam 1. Subject Site 9. TD Canada Trust 2. Westminster Savings 10. BMO Population 11,134 77,709 158,256 148,747 3. Pharmasave 11. Pizza Hut Households 4,566 30,502 62,275 54,627 4. H&R Block 12. Shoppers Simply Pharmacy 5. McDonald’s 13. Tim Hortons Average Household Income $86,524 $98,034 $102,455 $107,029 6. Domino’s Pizza 14. Petro Canada 7. Como Lake Middle School 15. Napa Autocare Centre Population Growth (2018-2023) 3.5% 6.7% 6.1% 8.8% 8. CIBC 16. Little Caesar’s, Money Mart 17. Rona 06 The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the Form / Marcus & Millichap physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, 1280-333 Seymour Street T 604 638 2121 or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap , BC V6B 5A6 F 604 638 2122 has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. Used under license by Marcus & Millichap Real Estate Investment Services Canada Inc. © 2019 Marcus & Millichap. All rights reserved.