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8690 Ash Street Brochure April 2020PDF

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8690 Ash Street Brochure April 2020PDF FOR SALE 8690 ASH STREET VANCOUVER, BC T MARINE DRIVE SKYTRAIN STATION & BUS LOOP ASHLEY MAR CO-OP MARINE GATEWAY PHASE 2 REDEVELOPMENT REDEVELOPMENT CAMBIE STREET ASH STREET INTENSIVE EMPLOYMENT REDEVELOPMENT OPPORTUNITY EXCEPTIONALLY WELL LOCATED MARPOLE REDEVELOPMENT SITE COMMUNITY PLAN The property is designated as an Intensive Employment site under the Marpole Community Plan. The designation supports high density mixed-use commercial developments. This density may be applied to any combination of office, retail, service or light industrial uses subject to City of Vancouver THE OPPORTUNITY approval during a rezoning process approval from a rezoning process. The maximum height of all buildings and accessory structures Located just 200 meters away from Marine Gateway, 8690 Ash outright permitted under Intensive Employment Area designation Street is a prime redevelopment opportunity under the Intensive is 100 feet. Employment designation within the Marpole Community Plan. Marine Gateway is an award-winning transit-oriented urban retail and entertainment centre featuring Cineplex Cinemas, T&T Supermarket, Steve Nash Fitness World, Winners, among many others. This rapidly growing commercial and residential core has more than 2,000 newly developed residential units, as well as, future plans in place to expand the retail amenities nearby. The area surrounding Marine Gateway is set to undergo a major revitalization and 8690 Ash Street presents a rare opportunity to be a part of this transformation. Source: Marpole Community Plan, 2014 Intensive Employment Area Existing Large Format Area (LFA) Policy Cambie Corridor Phase 2 Subject Property ABOUT THE EXISTING TENANCY DETAILS INVESTMENT HIGHLIGHTS PROPERTY Tenant: Wicked Campers Inc. Lease Expiry: October 31, 2021 (no option to renew) Only 31 properties carry the Intensive Employment designation in CIVIC ADDRESS Gross Rent: $120,000 per annum the Marpole Community Plan 8690 Ash Street, Vancouver, BC Office space at Marine Gateway is fully leased. Notable tenancies SITE SIZE include Intel, Royal Canadian Bank, and City of Vancouver PROPERTY TAXES 23,368 SF No existing strata office supply in all of South Vancouver. Strata $34,502.59 (2019) office projects in Mt. Pleasant are achieving in excess of SITE DIMENSIONS $1,300 per sq. ft. 132’ x 165’ (est.) CURRENT ZONING I-2 Light Industrial OUTRIGHT PERMITTED DENSITY & USE 3.00 FSR (approx. 70,104 sq. ft.) Rezoning to 100% office uses will be considered Buildings up to 100 feet of height permitted DUE DILIGENCE Previous Phase 1 and Phase 2 environmental reports can be released to qualified buyers PRICING GUIDANCE Please contact listing agents Rendering is artist’s interpretation only and subject to change without notice. E&O.E. EXCEPTIONAL ACCESSIBILITY 150,000+ DAILY USES OF THE CANADA LINE SKYTRAIN 256,000+ PEOPLE LIVING WITHIN A 5KM RADIUS 7,800+ OAKRIDGE PEARSON DOGWOOD RESIDENTIAL UNITS PLANNED WITHIN A 3KM RADIUS T MARINE DRIVE SKYTRAIN STATION & BUS LOOP OAKRDIGE THE LIVING CITY MARINE GATEWAY PHASE 2 REDEVELOPMENT OAK STREET 8690 ASH STREET VANCOUVER, BC W 20TH AVENUE MARPOLE MAJOR REVITALIZATION SW MARINE DRIVE South Vancouver is on the cusp of a major revitalization – the inevitable shift towards higher- density development around transit, expansion of retail amenities, and an intensification of existing industrial lands to serve rapidly changing supply chains and consumer demand are all underway. W KENT AVENUE The Marine Gateway neighborhood is bringing a younger population and high-quality amenities to the immediate area surrounding 8690 Ash Street. Within a 5 kilometer radius of the property, there are nearly 2,500 retail businesses in operation and over 10,000 residential units are planned or being constructed. The community will further benefit from increased employment space density as multiple local developers have acquired sites within the Intensive Employment boundaries of the Marpole Community Plan. Finally, the Cambie Corridor plan is further calling for a more walkable community and additional greenspace outlining a need for a park at the foot of Ash Street and shoreline trails along the Fraser River. W 57TH AVE E 57TH AVE PARK DR MAIN ST FRASER ST SW MARINE DR ARGYLE ST 15 3 SE MARINE DR CAMBIE ST 1 4 5 17 OAK ST 1 2 3 4 5 7 16 8 GRANVILLE ST 6 18 9 W 70TH AVE 8690 ASH STREET VANCOUVER, BC 2 SW1 MARINE DR 1 2 11 2 10 3 3 Vancouver International Aiport RIVER DR 12 4 KNIGHT ST 24 NO 6 RD GRANT MCCONACHIE WAY 22 23 5 15 14 16 7 11 12 25 10 6 BRIDGEPORT RD MILLER RD 9 8 7 21 13 4 6 SEA13 ISLAND WAY 26 27 14 NO 5 RD 17 HIGHWAY 99 SHELL RD NO 3 RD 18 19 8 NO 4 RD 20 British Columbia Institute of 79 79 85 WALK SCORE TRANSIT SCORE BIKE SCORE GARDEN CITY RD RUSS BAKERTechnology WAY VERY EXCELLENT VERY WALKABLE TRANSIT BIKEABLE ENTERTAINMENT FOOD SERVICES SHOPPING 1 Cineplex Cinemas 1 14 15 McDonald’s 9 The Boathouse 1 7 Sentinel Storage 1 Marine Gateway 9 Safeway 18 Yaohan Centre 27 IKEA Richmond Marine Gateway and VIP 2 Cafe de l’Orangerie 10 Tim Hortons 2 Shell 2 Winners 10 BC Liquour 19 Continental Shopping Centre 2 Badminton Vancouver 3 Milltown Bar & Grill 11 Wendy’s 3 Mr.Lube 3 Lordco 11 Dollarama 20 Aberdeen Centre 3 6Pack Indoor Beach 4 The Deck Kitchen + Bar 13 17 Whitespot 4 ESSO 4 Marshalls 12 McArthur Glen Shopping Centre 22 Sherwin-Williams Paint Store 4 River Rock Casino 5 The Jade Seafood 18 Dogwood Brewing 5 U-Haul Moving & Storage 5 21 Kal Tire 13 FoodyWorld 23 Leon’s Furniture 6 Burger King 6 Chevron 6 17 Canadian Tire 14 Costco Wholesale 24 The Home Depot 7 12 16 Starbucks 8 Self Storage Depot 7 Lee Valley 15 Michaels 25 Staples 8 Italian Kitchen 8 OK Tire 16 PetSmart 26 Trail Appliances ILYA TIHANENOKS 778 372 3930 [email protected] CARTER KERZNER 778 372 3932 [email protected] CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC | V6E 0C3 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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