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100% Leased Single-Tenant Strata Investment Opportunity in Kerrisdale

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100% Leased Single-Tenant Strata Investment Opportunity in Kerrisdale FOR SALE STRATA LOT 1-5 6333 WEST BOULEVARD, VANCOUVER, BC 100% LEASED SINGLE-TENANT STRATA INVESTMENT OPPORTUNITY IN KERRISDALE Co-Listing Jack Allpress* 604 638 1975 [email protected] Adrian Beruschi* 604 622 5138 [email protected] *Personal Real Estate Corporation FOR SALE 6333 WEST BOULEVARD, VANCOUVER, BC OPPORTUNITY The vendor has retained Marcus & Millichap Inc. and CBRE Limited to facilitate the sale of Strata Lot 1-5 6333 West Boulevard, Vancouver, BC (the “Property”). This is an exceptional opportunity to acquire a stable, income producing, brand new investment property located in one of Vancouver's most affluent neighbourhoods. SALIENT DETAILS Strata Lot 1-5, 6333 West Boulevard, Municipal Address: PROPERTY HIGHLIGHTS Vancouver, BC 030-807-786, 030-807-794, 030-807-808, PID: Corner unit in a brand-new retail & residential development by Cressey Development 030-807-816, 030-807-824 Group, adjacent to a brand-new Save-On-Foods grocery store Unit Size: 9,593 SF Situated in the heart of Kerrisdale, with the main retail corridor located along West 41st between Built: 2019 (concrete construction) Larch and Maple Street, and along West Boulevard between West 37th and West 27th Avenue Traffic Counts: West Boulevard: 19,375 VPD All direction access/egress off West Access/Egress: Exceptional underground parking faculty included in the purchase Boulevard at 47th Avenue Zoning: C-2 Fully-leased investment strata property consisting of 5 separate strata lots, occupied by Parking: 37 underground parking stalls well-established, single-tenant local operator NOI: $383,720 Significant rental income secured by long-term triple-net leases Asking Price: $12,488,000 Recently completed Arbutus Greenway connects the subject site to both S Marine Drive and TENANT HIGHLIGHT W 12th; will be a pedestrian and bike-friendly route for the community Established in 1921, Kerrisdale Lumber is a full Population of 81,538 people within a 3KM radius of the subject site, and is projected to grow service building supply and hardware store. significantly (11.7%) by 2024 The long standing operator is a Vancouver institution and has deep routes in the Kerrisdale Average household income within a 3KM radius is $157,433 neighborhood. Co-Listing 2 BIKE SCORE WALK SCORE FOR SALE CYCLIST'S PARADISE VERY WALKABLE 6333 WEST BOULEVARD, VANCOUVER, BC * * SITE PLAN 100 75 *Scores are measured on how well a location is positioned by the following categories. For more information on scores and methodology visit https://www.walkscore.com/methodology LEVEL 1 AND LEVEL 1 Upper 1°08'46" 1.365 r=357.979 D'13=F13 20.559 D'14=F14 181°33'16" D'23=F23 11.238 Total arc=77.901 356°07'10" D94=F94 356°07'10" D12=F12 "81'43°19 5.469 D11=F11 C 1.282 COMMERCIAL 353°47'04" 11.985 GARBAGE AND 351°29'44" RECYCLING 28.661 STRATA PLAN EPS4440 STRATA PLAN EPS4440 D10=F10 261°53'20" D61=F61 271°25'48" SEE LEASE 271°25'48" 79°06'12" D62=F62 353°25'48" 1.141 9.469 PLAN EPP74201 21.939 3.958 82° 271°25'48" 271°25'48" C C 88° LP 4.58 FC STAIRS C 1.03 0.85 181°25'48" C SHAFT W 48TH AVENUE 350°53'34" D63=F63 4.91 STRATA LOT 1.79o/a 82° D60=F60 5.710 D57=F57 COMMERCIAL 87° 18.006 7.07 BOUNDARY 0.46x046 CORRIDOR 1.505 LOADING 0.83 11.425 D64=F64 1.73 C Wt. 0.55 87° ADJACENT TO "84'52°19 6.10 3.64 LP 3.11 FC BAY 5.73 LCP SL 2, 3, 4, 5 0.983 SHAFT 88° 5.97 1.77 93° 2.64 SHAFT EPS4440 INSIDE OF 101° 87° 271°25'48" C 92° 87° 1.73 4.00 1.80 STRUCTURAL 4.48 1.06 98° 2.21 2.50 1.88 PORTION OF PARTY 271°25'48" 5.157 STORAGE 5.16 6.82 1.94 181°25'48" WALL OR FACE OF LP 1.89 FC 271°25'48" PT SL 8 5.635 1.08 17.869 1.190 CONCRETE (TYP.) SEE DETAIL 2 AREA=7.6m² 181°25'48" 0.46x046 2.05 RECEIVING 181°25'48" 5.70 DOCK C LP 1.82 FC D'55=F55 10.24 E77 2.73 4.72 4.98 D'47=F47 3.66 SEE LEASE 5.257 2.80 PLAN EPP74201 2.80 1.82 2.73 181°25'48" 91°32'22" 7.82 9.94 E78 6.99 7.20 D'48=E''''48 34.533 9.70 25.45o/a A 4.16 A' 98° SOLD SOLD SOLD 9.864 24.60o/a 7.28 CORRIDOR 271°25'48" 181°25'48" 7.41 20.92o/a 0.46x046 17.525 271°25'48" SL 6 SL 7 SL 8 406.63 0.40 C 14.48 SL 7 6.343 271°25'48" 2.23 LP 5.13 FC 15.61 PT SL 8 3.10 AREA=159.1m² 0.10 6.31o/a EPS4440 AREA=163.6m² 10.89 3.000 ECLAT ESTHETICD'52=F52 AVENUE ACADEMY 3.000 D'53=F53 271°25'48" TOTAL AREA= 6.343 SL 5 0.07 Wt. 1.00 + SPA 1.617 EDUCATION CENTRE 171.2m² 5.45 D67=E"67 3.21 181°25'48" 181°25'48" 1.23 1.28 6.61 4.42 1.46 SL 1 SL 2 SL 3 SL 4 0.04 6.63 1.08 0.21 PERIMETER OF 8.084 0.64 C 0.94 0.35 271°25'48" FLOOR BELOW 2.46 9.60 9.60 0.98 0.91 C STAIRS 91° 96° 1.13 3.12 C 11.31 C LOBBY 5.94 7.994 1.76 0.06 353°28'20" D'2=F2 Wt. 0.30 178°58'04" 168° ELEV. D'51=F51 1.039 3.79 88° D'3=F3 Wt. 0.30 4.94 1°26'48" 88° 1.456 78° 7.61 r=321.381 OUTSIDE PERIMETER BOUNDARY LINE OFFSET FOR CLARITY 5.21 Total arc=74.982 "81'43°19 1.46 0.21 3.24 0.05 3.43 VOLUMETRIC STATUTORY 1.07 78° RIGHT OF WAY PLAN EPP85985 3.05 LEGEND FC INDICATES FACE OF COLUMN 39°43'53"3.770 '' STANDARD 0.46x0.46 BUILT COLUMN '' LEAD PLUG SET 78°12'14" WEST BOULEVARD (19,375 VPD) Co-Listing 3 FOR SALE 6333 WEST BOULEVARD, VANCOUVER, BC Co-Listing 4 2019 Demographics 1KM 3KM 5KM Population 12,597 81,538 247,036 FOR SALE Households 5,580 31,380 107,355 6333 WEST BOULEVARD, VANCOUVER, BC Average Household Income $140,567 $157,433 $132,046 Population Growth (2019-2024) 5.3% 11.7% 8.2% GRANVILLE STREET / HIGHWAY 99 3 4 24 ARBUTUS GREENWAY 23 5 6 19 7 ARBUTUS STREET 25 DUNBAR STREET 8 11 12 14 17 21 18 W 41ST AVENUE 26 27 9 10 13 15 16 20 22 28 CAMBIE STREET 29 WEST BOULEVARD (19,375 VPD) (19,375 BOULEVARD WEST 1 W 49TH AVENUE 2 1. Subject Site 8. Save-On-Foods 15. HSBC 21. HSBC 27. Starbucks, CIBC, Vancity 2. Save-On-Foods 9. Vancity 16. BMO 22. Pharmasave, BMO 28. Oakridge Centre: 3. RBC 10. Starbucks, RBC, CIBC 17. McDonald’s 23. Safeway, TD Canada Trust Safeway, Crate & Barrel, RBC, 4. TD Canada Trust 11. Shoppers Drug Mart 18. Pharmasave, BC Liquor Stores, 24. Pharmasave BMO, The Bay, Scotiabank, 5. BMO 12. Starbucks, Scotiabank London Drugs 25. Queen Elizabeth Park Pharmasave, Kin’s Farm Market 6. Shoppers Drug Mart 13. TD Canada Trust 19. Safeway, BC Liquor Stores, BMO 26. TD Canada Trust, BC Liquor 29. HSBC 7. Vancity, Starbucks 14. Kin’s Farm Market 20. Scotiabank Stores Co-Listing 5 SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in Marcus & Millichap marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its 1280-333 Seymour Street investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting Vancouver, BC V6B 5A6 matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers T (604) 638-2121 should be comfortable with and rely solely on their own projections, analyses, and decision-making. F (604) 638-2122 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 physical condition of the improvements CBRE thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue 2500-1021 W Hastings Street its occupancy of the subject property.
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