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Garden City Fraser River A RARE OPPORTUNITY TO DEVELOP A LARGE-SCALE FLAGSHIP INDUSTRIAL/OFFICE/ RETAIL PROJECT IN RICHMOND’S HIGHLY SOUGHT-AFTER ABERDEEN VILLAGE VANCOUVER GARDEN CITY FRASER RIVER NO.3 ROAD LANDS RICHMOND, B.C. GARDEN CITY ROAD ALDERBRIDGE WAY N THE OFFERING OUTSTANDING SELECTION OF AMENITIES ADDRESSES 4331 Garden City Road, 8720 & CBRE National Investment Team – Vancouver is pleased to present the Garden City Lands (the ‘Site’), a premier • Less than 5 minutes from Richmond’s No.3 Road, the primary vehicle 8660 Odlin Road & 8780 Odlin expansive site in Aberdeen Village, the epicenter of Richmond’s rapidly growing downtown core. This 3.8-acre thoroughfare and central commercial spine served by the Canada Crescent; 8711 & 8800 Odlin Site offers an exclusive opportunity to develop a substantial flagship industrial, office, and retail project in a highly Line SkyTrain rapid transit Crescent, Richmond B.C. sought-after central commercial location. The Site is prominently situated immediately north of the intersection of • Steps away from the newly constructed Walmart Richmond Alderbridge Way and Garden City Road, the second busiest intersection in Richmond. Richmond’s most popular Supercentre, China World Supermarket (major grocery centre) and a SITE SIZE shopping malls (Aberdeen Centre, Lansdowne Centre, and Richmond Centre) and commercial amenities are wide range of restaurants along Alexandra Road 165,675 sq. ft. (3.8 acres) minutes away from the Site, including the newly built Walmart Supercentre located just two blocks south. This • Surrounded by a number of popular local malls, including Aberdeen offering represents an opportunity to acquire significant scale in one of Metro Vancouver’s fastest growing regional CURRENT IMPROVEMENTS town centres, driven by high levels of commercial demand and limited supply. Mall, Lansdowne Centre, Richmond Centre, Yaohan Centre, and 3 Single Family Homes Parker Place CURRENT ZONING SUBSTANTIAL INDUSTRIAL AND RETAIL DEVELOPMENT OPPORTUNITY RS1/E : Residential Detached • Existing Improvement: 3 single-family homes (100% leased) on six parcels, providing strong holding income during the rezoning process OCP DESIGNATION General Urban T4 RICHMOND • The Aberdeen Village Official Land Use Plan designates the site as “General Urban T4”, which permits the NO.3 ROAD/CANADA LINE CENTRE SKYTRAIN development of various commercial uses OCP DENSITY LANSDOWNE • The permitted density for the site is 1.20x FSR, provided that the total area of the non-industrial uses does not CENTRE 1.20x FSR exceed that of the industrial uses. Density and use variances may be achieved upon consultation with the City of Richmond (See agent for details) POTENTIAL BUILDABLE WALMART ALEXANDRA ROAD SUPERCENTRE ALDERBRIDGE WAY GARDEN CITY AREA LANDS GARDEN CITY ROAD RICHMOND Retail/Office: 99,405 SF (0.6x FSR) GARDEN CITY ROAD Flex Industrial: 99,405 SF (0.6x FSR) Total: 198,810 sq. ft. (1.20x FSR) 38,319 SQ.FT. ODLIN CRESCENT ODLIN ROAD FINANCING ABERDEEN Available Clear Title CHINA WORLD MALL 127,356 SQ.FT. SUPERMARKET YAOHAN CENTRE HOLDING INCOME PARKER Contact Agents N PLACE COMBINED AREA OF 165,675 SQ.FT. (3.8 ACRES) IMPROVED WITH 3 SINGLE FAMILY HOMES S EASILY ACCESSIBLE STRONG MARKET FUNDAMENTALS DEMOGRAPHICS • Centrally located on the Garden City Road, the area’s primary thoroughfare and one of the central • Richmond has a very low industrial vacancy rate of 1.0% (Q2 2018), with Population of Richmond 211,841 commercial arterials in Richmond no new supply of industrial space in the market (2017) • As a result of the supply constraint, the Richmond industrial market has Population of Richmond • Convenient access to Highway 99 and Highway 91 via Alderbridge Way, which connects to the surrounding 236,912 (2027 Projection) Metro Vancouver cities including Vancouver, Burnaby, New Westminster, Surrey, and Delta experienced more than 23% growth since 2017 Average Household • In close proximity to two Canada Line SkyTrain rapid transit stations: Lansdowne and Aberdeen • Due to the area’s major new developments, Aberdeen Village is $94,408 Income (2017) projected to evolve into a major urban centre over the next ten years • Just 10 minutes from the YVR Airport, the second busiest airport by passenger volume in Canada and voted Average Household $127,388 the best airport in North America for the past seven consecutive years Income (2027 Projection) DOWNTOWN VANCOUVER 25 MINUTES VANCOUVER YVR AIRPORT OAK STREET BRIDGE/HIGHWAY 99 10 MINUTES FRASER RIVER ARTHUR LAING BRIDGE GARDEN CITY ABERDEEN NO.3 ROAD/CANADA SKYTRAIN LINE LANDS RICHMOND Canada Line RICHMOND SkyTrain Station YAOHAN CENTRE ABERDEEN CENTRE WALMART SUPERCENTRE CENTRAL AT GARDEN CITY ALEXANDRA ROAD LANSDOWNE CENTRE ALDERBRIDGE WAY GARDEN CITY ROAD N FOR MORE INFORMATION ON THIS OFFERING, PLEASE CONTACT: STEVE BROOKE CARTER KERZNER TONY QUATTRIN PERSONAL REAL ESTATE CORPORATION PERSONAL REAL ESTATE CORPORATION Vice President Associate Vice President Vice Chairman Industrial Properties Group National Investment Team - Vancouver National Investment Team - Vancouver +1 604 662 5147 +1 778 372 3932 +1 604 662 5154 steve,[email protected] [email protected] [email protected] WWW.NITVANCOUVER.COM © 2017 CBRE, Inc. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth..
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