Northeast BC Realty
Total Page:16
File Type:pdf, Size:1020Kb
COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • APRIL 2018 • VOL33/4 MULTI -FAMILY | 12 LANDLORDS DODGE LEVY B.C. new residential luxury tax won’t apply to rental apartment buildings, unlike foreign-buyer tax INDUSTRIAL | 18 POT GROWERS HUNTING SPACE With Metro industrial at a premium, cannabis companies turn to small towns and greenhouses ROBERT THURLOW CONTENTS Full index 3 RRETAILETAIL DEVELOPERSDEVELOPERS Bricks and mortar 10 Multi-family tax break 12 CCLICKLICK WWITHITH BBRICKSRICKS Farmland disconnect 16 NNEWEW OOUTLETUTLET MMALLALL EEXPANDINGXPANDING | 1100 Industrial-strength pot 18 Franchises 20 B.C. report 22 Done Deals 26 PUBLICATIONS MAIL AGREEMENT 40069240 0 4 0 6 0 3 5 8 1 8 2 9 1 9 MACDONALD COMMERCIAL Commercial Sales & Leasing, Property & Asset Management and Strata Management. macdonaldcommercial.com 604.736.5611 Listings on Page A4 & A5 A2 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 22,930 SF INDUSTRIAL ABBOTSFORD STRATA UNITS FOR SALE FOR SALE OPEN FORMAT SHOPPING BUILDING FOR SALE IN DELTA FOR SALE 42 ACRE VINEYARD 38.4 - 78.4 ACRES CENTRE WITH PURPOSE-BUILT 8014 WEBSTER ROAD, DELTA 30722 MARSHALL ROAD, ABBOTSFORD 4363 RYEGRASS ROAD, OLIVER, BC BURKE MOUNTAIN, COQUITLAM MULTI-FAMILY RESIDENTIAL TYEE PLAZA & APARTMENTS CAMPBELL RIVER, BC • Delta’s Tilbury Industrial area off River Road • Unit sizes from 3,666 sf • 42 acre high quality vineyard in Oliver • 2 lots: 38.4 and 40 acres • I2 Heavy Industrial zoning • Rear grade loading • Produces Riesling, Pinot Gris, Viognier, • Beautiful views • Shoppers Drug Mart anchored 92,110 sf open format centre with development and leasing upside • 1.053 acre site • 25’ clear ceiling heights Chardonnay & Gewurztraminer • Future residential development property • New purpose built 46-unit multi-family building, • Asking Price $5,600,000 • Exposure to Marshall Road • Contract in place with or ideal estate lots easily accessible Constellation Brands Canada • Asking $3,250,000 per lot RON EMERSON | JOHN WEISS • Asking Price $3,250,000 • Clear title, great yield potential with upside JORDAN SENGARA* ANDREW GREEN* BILL RANDALL* BILL RANDALL* PETER GIBSON* FOR SALE - GEORGIA PINES MULTI-FAMILY 3.54 ACRE MULTI-FAMILY FOR SALE INVESTMENT/DEVELOPMENT MANUFACTURED HOME PARK DEVELOPMENT OPPORTUNITY DEVELOPMENT SITE IN KAMLOOPS REAL ESTATE WITH BUSINESS OPPORTUNITY 4086 STANDARD HILL ROAD, CRANBROOK, BC 342 WALE ROAD, COLWOOD, BC 2046 ROBSON PLACE, KAMLOOPS, BC PROFITABLE BOWLING ALLEY 1615, 1625, 1633 & 1651 FRANKLIN ST, VANCOUVER • 102 home sites with potential for expansion • Centrally located in the rapidly growing West • Prominently located in the Sahali Neighbourhood • Central Metro-Vancouver location • 28,228 sf site with holding income and • 18 acres Shore community of Colwood • Great potential for a rental apartment building • 7.1% return - can be 8% upon sale redevelopment potential • Zoned R-MP • Site size of 59,374 sf • DP, Geotechnical and Zoning report available • Asking $7,390,000 (bare trust) • 7 parcels currently improved with 4 industrial buildings • Asking Price $5,150,000 • Asking Price $2,999,000 • Asking Price $1,700,000 • Can be a hands-free investment opportunity • 22,028 sf combined rentable area • Contact agents for more details DON DUNCAN* | CHRIS DRIVER* TIM SOMMER* | CHRIS DRIVER* HARPREET SINGH* | MICHAEL HARDY* ADAM FRIZZELL | FRANCES WU SEAN UNGEMACH**** | JEFF SCHATZ ±10 ACRES DEVELOPMENT CENTRALLY LOCATED 46,874 SF INDUSTRIAL ASSET IN INVESTMENT OPPORTUNITY CAMPBELL HEIGHTS STRATA POTENTIAL IN TOWNSHIP OF LANGLEY INDUSTRIAL WAREHOUSE WILLINGDON-CANADA WAY AREA IN ABBOTSFORD UNITS FOR SALE PID: 011-430-966, LANGLEY IN CAMPBELL RIVER 3455 GARDNER COURT, BURNABY 31772 SOUTH FRASER WAY, ABBOTSFORD 3950 191ST STREET, SURREY 1620 ISLAND HIGHWAY, CAMPBELL RIVER, BC • ±10 acres in Abbotsford that can be stratified • 2.47 acres • 100% leased commercial plaza on South Fraser Way • Units from 2,247 sf • RU-3 and MH-1 zoning • 11,587 sf warehouse with showroom space • M1 zoning • National tenant (auto body shop) occupies • Rear grade loading 50% of the space • Proximity to Fraser Highway and 16th Avenue • Grade loading bay with 30’ ceilings • Well maintained, excellent condition • Ample parking • ±0.9 acres of land holds - Great value • Price $2.2M • 100% vacant • 18’ ceilings with seven (7) dock doors • 22’ clear ceiling heights • 50 parking spots and a lot of recent updates SEAN UNGEMACH**** | PHILIP YU HARPREET SINGH* | MICHAEL HARDY* ANNE TANNER* | TIA HUDEMA CO-LISTED WITH MACDONALD REALTY HARPREET SINGH* ANDREW GREEN* 28 STRATA UNIT RESIDENTIAL/ INDUSTRIAL INVESTMENT DEVELOPMENT LAND FOR SALE ±3.8 ARE INDUSTRIAL FOR SALE HOTEL INVESTMENT IN WHISTLER OPPORTUNITY WITH UPSIDE IN BEAUMONT DEVELOPMENT OPPORTUNITY 19,119 SF STRIP MALL NORTHLANDS BOULEVARD, WHISTLER VILLAGE 19473 FRASER WAY, PITT MEADOWS BEAUMONT LAKES SOUTH, ALBERTA 31401 GILL AVENUE, MISSION 30 N THIRD AVENUE, WILLIAMS LAKE, BC • A rare opportunity to acquire resort asset • 51,869 sf in 2 units • 30 acres of mixed-use land in Beaumont, Alberta • Excellent location in Mission for industrial • 19,119 sf on 0.88 acres in Whistler • Excellent parking; new roof; dock & grade • Next door properties have started development development • Corner location with high visibility • Can be operated as multi-family rental loading; yard areas • Excellent holding property, priced to sell • Access to Fraser River • Asking Price $1,200,000 property or hotel • Below market rents • Commercial, residential detached and attached • Vacant land with portion of land as an • 28 strata units may be sold separately in • Potential zoning upside zoning (bylaw pending) income property the future • Sale Price $9,800,000 (Only $189 psf) • Please contact listing agent for pricing BILL RANDALL* | BRETT AURA* RICK EASTMAN* HARPREET SINGH* HARPREET SINGH* BILL RANDALL* FOR SALE FULLY TENANTED INDUSTRIAL FOR SALE 2.698 ACRES OF PRIME FOR SALE - 168.7 ACRES 14727 108TH AVENUE & 14672 108A AVENUE INVESTMENT PROPERTY 3851 22ND AVENUE DEVELOPMENT LAND WITH RENTAL INCOME SURREY, BC CLOVERDALE INVESTMENT PRINCE GEORGE, BC LOT 2 - 750 DOMINION AVENUE, PORT COQUITLAM 2575 ALASKA HIGHWAY, FORT NELSON, BC • High profile 1.64 acre income asset with • 22,500 sf freestanding manufacturing/distribution • 9,264 sf warehouse/office space • High exposure corner lot re-development potential warehouse • 10.1 acre lot (fully paved & fenced) • Light industrial with potential for retail/ • 11,000 sf building on 168.7 acres (includes office, coffee room & a parts room) • Superb location with access to several traffic • Dock & grade loading, fenced compound • Good holding income from a very showroom/office arteries; Direct access to 108th Avenue • Strong international convenant strong tenancy • Great access with 3 road frontages • Current lease rate is $273,900 net per annum for the building and 20 acres • Contact listing broker for asking price • Asking Price $7,350,000 • Only $1.75M per acre • Asking Price $4,900,000 MICHAEL HARDY* WILLIAM N. HOBBS* BILL RANDALL* BART VANSTAALDUINEN* | RICK EASTMAN* BILL RANDALL* NORTH VANCOUVER BUSINESS & ASSETS ON RARE INVESTMENT FOR SALE FOR SALE DEVELOPMENT SITE ±0.86 ACRE INDUSTRIAL LAND OPPORTUNITY IN PORT MOODY TWO REDEVELOPMENT SITES 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC 751 LONSDALE AVENUE, NORTH VANCOUVER 28739 FRASER HIGHWAY, ABBOTSFORD 2325 ST. JOHNS STREET, PORT MOODY BRIDGEPORT VILLAGE, RICHMOND • Development potential • ±0.86 acre / Light Industrial zone • Commercial-Residential investment property with • 8,052 sf corner lot in growing area • Located in Spallumcheen Valley • 2.8 FSR • Superb & desirable location on busy Fraser Hwy. one (1) commercial & three (3) residential units • OCP: 2 FAR; 25m max height; commercial only • 112 acres • Please contact listing agent for pricing • ±25,000 daily vehicles at Fraser Highway • Secure income and well-located on busy street • $27,480 (annual/gross) holding income • Industrial zoning and Bradner Road Intersection • Price $3,128,800 • Price $2,400,000 • Excellent highway exposure and access • Asking Price $5,950,000 • Asking $4,500,000 HARPREET SINGH* | JESS KUANG* BURTON VAN ALSTINE* | GORD AXFORD ALEX CHRONAKIS CO-LISTED WITH JOVI REALTY INC. CO-LISTED WITH ROYAL LEPAGE STERLING REALTY PHIL JOUBERT* BILL RANDALL* | ERIC RICE 604 683 3111 / cushmanwakefield.com *Personal Real Estate Corporation / **Craig Haziza is licensed with CAH Realty Inc. and has a contractual relationship with Cushman & Wakefield ULC ***Kevin Meikle is licensed with K.H.M. Realty Ltd. and has a contractual relationship with Cushman & Wakefield ULC / ****Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield ULC / 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 & Wakefield ULC VANCOUVER | LOWER MAINLAND | VANCOUVER ISLAND Contents | APRIL 2018 OPINIONS & FEATURES NEWS & DEALS WESTERN PERSPECTIVE 6 Industrial-strength weed Frank O’Brien, Western Cannabis growers scramble for space 18 Investor editor, says B.C.’s Three money tips for new franchises misguided speculation tax How much, where and how to get it 20 exposes lack of consultation and real estate knowledge Done Deals Readers detail recent commercial transactions 26 FARMERS SHUT OUT OF LAND 16 With prices topping $300,000 per acre, farmers are the last