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Home , Broadway (Vancouver), Downtown Vancouver

INVESTMENT OPPORTU TRANSIT ORIENTED

NITY

THE HUB 2460 COMMERCIAL DRIVE,

Partnership. Performance.

FOR SALE Avison Young is pleased to present the rare and exciting opportunity to acquire a freehold interest in the most frequented SkyTrain hub in Metro Vancouver.

Justin Omichinski*, Vice-President Jake Luft, Vice-President Nabila Lalani, Associate 604.646.8387 604.647.1340 604.647.1342 [email protected] [email protected] [email protected] * Justin Omichinski Personal Real Estate Corporation THE HUB Property 2460 COMMERCIAL DRIVE Summary Municipal Address Opportunity Investment Highlights 2460 Commercial Drive, Vancouver, Avison Young is pleased to present a rare ✓✓ Fully leased, offering ease of and exciting opportunity to acquire a management and long-term cash Legal Description freehold interest in the most frequented flow Lot J, except portions in Plan SkyTrain hub in Metro Vancouver. The ✓ Income supported by AAA national LMP50743 and LMP50744, Block property, known as The Hub, has a total ✓ covenants 153, District Lot 264A Group 1 site area of 29,386 square feet and boasts New Westminster District 175 feet of frontage along Commercial Plan LMP2717 ✓✓ The most frequented SkyTrain station Drive and 299 feet along East Broadway in Metro Vancouver PID providing unparalleled exposure. 025-101-510 ✓✓ High profile retail & office property

Site Size Location ✓✓ Income upside opportunity with 29,383 sf upcoming lease renewals The Hub is prominently located at the Rentable Area northeast corner of Commercial Drive ✓✓ Long-term redevelopment potential 19,557 sf and East Broadway in Vancouver’s vibrant Grandview-Woodlands area. The ✓✓ Well-built and maintained buildings Year Built Grandview-Woodlands area is an eclectic, ✓ No capital expenditures in the 2002 engaged, and diverse community with ✓ near term Zoning activity focused around Commercial Drive CD-1 (250) (commonly referred to as “The Drive”) - ✓✓ Complete due diligence materials the physical centre of the community and available Property Taxes a much-loved destination for residents $193,945 (2017) and visitors alike. The Hub provides a strong ✓✓ Environmentally clean southern anchor to The Drive and is the Financing city’s most significant transit interchange Treat as clear title providing excellent accessibility throughout Metro Vancouver.

Accessibility

Walk Score: 91 “Walker’s Paradise” Daily errands do not require a car. MEGABITE PIZZA COMMERCIAL–BROADWAY STATION BUDDHAS ORIENT EXPRESS is the busiest station on the network with BROADWAY Bike Score: 100 90,000 station trips per day* on the Expo “Biker’s Paradise” Mostly flat, BLENZ COMMERCIAL DRIVE excellent bike lanes and Millennium Lines and 60,000 bus trips per day using the 99 B-Line and two other A&W frequent transit bus routes. Source: http://www.translink.ca Transit Score: 93 GRANDVIEW HWY BOOSTER JUICE “Rider’s Paradise” World-class *Statistic excludes trips via the recently opened Evergreen Line and the anticipated Extension. public transportation. SHOPPERS DRUG MART N Existing Grandview-Woodlands Community Plan

Improvements In 2016, the City of Vancouver adopted the highly anticipated Grandview- Woodlands Community Plan. The region is generally bounded by Clark Drive, The property is improved with two Nanaimo Street, East 12th Avenue, the Grandview Cut, and Broadway from the recently-constructed buildings which are Commercial-Broadway Station Precinct Sub-Area. fully leased to nine (9) tenants. This area is home to the region’s most significant transportation interchange BUILDING A which gives those in its vicinity ready access to the SkyTrain system (Expo, Millennium, and Evergreen Lines), as well as the city’s most used bus routes, including the 99 B‐Line. The city has future plans for a rapid transit extension westward along Broadway which would replace the 99 B‐Line bus service and further increase the degree of transit accessibility available at the Broadway‐ Commercial hub.

With the Broadway‐Commercial Station as its focus, the Commercial‐Broadway BUILDING A – Fronting Commercial Station Precinct will evolve into a thriving mixed-use neighbourhood that Drive is an 11,118 square foot, two introduces renewed opportunities for various types of housing, employment, storey mixed-use building with retail at retail activity, as well as social and cultural enjoyment. grade and The Hub Medical & Dental Professional Centre above. Tenants The Hub is at the epicenter of numerous existing residential and commercial include Blenz Coffee, A&W, Buddha’s developments, with several others anticipated, most notably Crombie REIT Oriental Express Restaurant, Megabite and Westbank’s reimagined Safeway site across the street. Pizza, and Booster Juice on the main level. The second level consists of Infinity Medical Specialists Clinic, PT Health Medical & Wellness, and Commercial Station Dental.

BUILDING B

BUILDING B – Fronting East Broadway is an 8,439 square foot, single storey retail T Skytrain station (4 storeys) building fully tenanted by Shoppers Office (10 storeys) Skytrain line Drug Mart. Office (6 storeys) Courtyard rowhouse/ traditional rowhouse Park Apartment (10 storeys) (3.5 storeys) School/Institutional Apartment (6 storeys) Duplex I – Light Industrial At grade commercial  Local serving retail site Vancouver Millennium Line

Millennium Line Extension `v Expo Line

CLARK DRIVE

NORTH GRANDVIEW HWY

8TH AVENUE THE HUB

COMMERCIAL DRIVE

BROADWAY

COMMERCIAL DRIVE

Partnership. Performance.

Avison Young #2900-1055 W. Box 11109 Vancouver, BC V6E 3P3, Canada

Justin Omichinski*, Vice-President Jake Luft, Vice-President avisonyoung.com 604.646.8387 604.647.1340 [email protected] [email protected] © 2017 Avison Young. All rights reserved. * Justin Omichinski Personal Real Estate Corporation E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be Nabila Lalani, Associate correct, is not guaranteed by Avison Young Commercial Real 604.647.1342 Estate (B.C.) Inc.; DBA, Avison Young. [email protected]