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FOR SALE 1770 burrard street VANCOUVER, BC Morgan Dyer | Senior Vice President | Personal Real Estate Corporation | 604 661 0886 | [email protected] Simon Lim | Executive Vice President | Personal Real Estate Corporation | 604 661 0882 | [email protected] • Burrard Street • Burrard Street 1770 burrard street Granville Street • W 2nd Ave • • Pine Street • W 4th Ave • Fir Street Opportunity to purchase a landmark office and retail building at the WALK SCORE gateway to Burrard Bridge 98 Property Highlights Property HighlightS • Highly coveted investment property in growth market with income TRANSIT SCORE upside • 48,000 SF concrete building with 80 parking stalls occupying a key corner amongst Vancouver’s Luxury Auto Retailers • Irreplaceable building at the foot of the Burrard Bridge 78 • Close to Downtown, Granville Island and future Granville/Broadway Subway Station • Secure mix of high covenant retail and office tenants • Substantial recent capital upgrades • Area poised for densification and included in Broadway Corridor BIKE SCORE Study • Owner user potential 75 Salient FACTS SITE PLAN Civic Address: 1770 Burrard Street, Vancouver, B.C. W 1st avenue Lot E, Block 218, District Lot 526, Plan 19717 Legal Address: PID: 006-972-098 Located at the northeast corner of West 2nd Avenue and Location: Burrard Street in the Burrard Slopes area of Vancouver, BC 118 ft of frontage on Burrard Street and 168 ft of frontage along Site Area: West 2nd Avenue for a total site area of 19,824 SF (0.455 acres) The property is improved with a 48,274-SF (gross area) Burrad Street 4-storey concrete office building with retail at grade and an Improvements: adjacent/below grade parking structure. Originally constructed 118 ft in 1973, the building has received substantial upgrades over the years 168 ft Parking: 80 adjacent/below parking stalls (1 stall per 570 rentable SF) W 1st avenue IC-1/IC-2 (Industrial District) Zoning: Permitting a maximum density (fsr) of 3.0 and height of 18.3 meters Retail 7,945 SF Gross Rentable Area: Office 37,815 SF (Boma Standard) Storage 456 SF Total 46,216 SF Notable Tenants: Typical Floor: 12,000 SF • MCL Motors (Aston Martin / Bentley) Land $18,602,000 • DYS Architecture Assessed Value (2019): Improvements $11,376,000 Total $29,978,000 • Liquor Control & Licensing Branch • Fraser Institute Property Taxes (2019): $308,445.15 Stabilized Net Income $1,512,053 (2019): SALIENT FACTS & SITE PLAN Location In recent years, the Burrard Slopes area has been transformed into a thriving community overlooking False Creek and the downtown skyline beyond. The surrounding neighbourhood is comprised of a mix of residential, commercial and recreational uses which complement each other and promote a balanced West Coast lifestyle. This location is well serviced by transit – with both East- West and North-South bus routes providing easy accessibility. In addition, the anticipated Millennium Line Broadway Skytrain Extension will make the area even more attractive to future residents and employers. MILLENNIUM LINE BROADWAY SKYTRAIN EXTENSION Broadway Planning Program and Associated Interim Policies – RTS 12538 9 In June 2018 funding was finalized and plans Figure 4: Overall area of focus for the Broadway Plan were approved for the rapid transit extension along the Broadway Corridor, which envisions a tunnelled Millennium SkyTrain Line extended west from VCC-Clark to Arbutus Street along the Broadway Corridor. Rapid Bus service will then begin at Arbutus Street heading towards UBC. Construction could begin as early as 1770 2019, with estimated project completion slated burrard street for 2025. The Property is included in the Broadway Plan focus area as shown by the diagram to the right. Third Beach Stanley Park Lost Lagoon Second Beach Pool Coal Harbour G eo rg ia S tree t T T Da Vancouver English Bay v Art Gallery ie Hastings Street Beach S tr t e e et T Stre Pacic rard Centre r Shopping T Ex St. Paul’s Bu po Sunset Hospital H L in Beach e Aquabus Smi Amenitiestreet English Bay treet S Ne the we e S T o ill ls Str H v on BANKS n CULTURAL e a St et vard 1. TD Gr 41. Artsre Club Theatre Company oule Rogers 44 2. Scotiabank C 42. Fifthe Avenue Cinema B a t po Arena 3. BMO na 43. Bard on the Beach x treet d E Vanier Park 67 4. Vancity Credit Union S a Line 44. Maritime Museum 5. RBC r 45. Museum of Vancouver 45 43 ou 46. HR MacMillan Space CentreBC PLace 46 ym RESTAURANTS/DINING 47. Burrard Marina Kitsilano Se T 48. Kitsilano Yacht Club 36 6. Starbucks Yaletown Beach 47 7. Siegl’s Bagels 48 8. Rocky Mountain Flatbread Co. RETAIL ard 9. AnnaLena lev 49. Granville Island Market 66 10. Farmer’s Apprentice ou 50. No Frills Kitsilano Beach Park George11. Vij’s B 51. Safeway ic 6 7 40 Wainborn12. Tojo’s Sushi Pac David 52. Whole Foods Cornwall 35Avenue 13.Park Joey Lam Park 53. Kitsilano Wine Cellar 14. Cactus Club 54. Lush Cosmetics 34 74 15. Earls 55. IGA 1770 39 38 16. Suika 56. London Drugs burrard street 17. Pepitas Restaurant 57. BC Liquor Store 32 9 18. Noodle Box 58. Shopper’s Drug Mart 8 Granville Island 19. Trattoria 59. Chapters-Indigo Book Store West 2nd Avenue 20. Tractor 21. Maenam HEALTH/FITNESS 22. Rain or Shine Icecream False Creek 60. Kitsilano Crossfit 23. Fable Kitchen T 33 Sutclie 61. Urban Fitness Club South Granville 24. Las Margaritas 51 5253 4 71 64 70 68 28 27 24 63 1 20 18 69 Park 62. Kondi Studio 25. Indian Oven 63. YYoga 72 50 26. The Bimini 31 30 54 29 73 2625 23 2122 19 17 West 4th Avenue 60 Dog Waliking/64.Bi kiSempervivang Path Yoga t 27. Sushi Bella 65. Steve Nash Fitness World t t 28. Sophie’sPark Cosmic Café e t ee 66. Kitsilano Beach Pool 42 29. Forty-Ninth Parallel / Lucky’s Donuts re tr 67. Vancouver Aquatic Centre ree t S 30. Burgoo Bistro ree Arbutus Greenway t S 10 61 31. Brown’s Social House S lle West 6th AvenuFASHIONe i 32. Chewies s t 33. Jam Café 68. Lululemon Athletics t nv e e utu a 34. Nook 69. RYU 62 e r Future Broadway Transit Line r Quebec St Alma re t 70. Urban Outfitters rb 35. Local Public Eatery T G 12 > S West Broadway A 2 15 5 36. The Boathouse West Broadway71. Gravity Pope T T 37. TAPshack Burrard Bridge 72. North Face e St 55 56 65 3 57 ck 58 16 14 59 13 i t e t 73. Hip Baby o 38. The Keg Granville Island b n t 39. Sandbar i ee e ml ree am L e t e tr 40. Bridges SCHOOLS a r C S t H 74. Henry Hudson Elementary School S 76 75 S 11 Vancouver General d nad ak 75. Lord Tennyson Elementary School r H a O 76. Kitsilano Secondary School Fi West 12th Avenue Hospital C t urrar B ree t S Macdonald West 16th Avenue FOR SALE 1770 burrard street VANCOUVER, BC Offers will be reviewed when presented but not before March 12th, 2019. Please contact Listing Brokers for a detailed information package including current rent roll and expense information. Morgan Dyer Senior Vice President Personal Real Estate Corporation Direct 604 661 0886 Mobile 604 760 7770 [email protected] Simon Lim Executive Vice President Personal Real Estate Corporation Direct 604 661 0882 Mobile 604 202 8393 [email protected] Colliers International This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own 200 Granville Street, 19th Floor inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and Vancouver, BC | V6C 2R6 excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. PO12280 +1 604 681 4111 collierscanada.com.
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