100% LEASED TO For Sale Strata Retail at MC2 489 SW Marine Drive Vancouver, BC • 4,539 square feet retail unit • 10 year lease in place to AAA tenant • At SW Marine Drive and Cambie Street Skytrain Station • 3% Cap rate plus admin fee to owner Casey Pollard Personal Real Estate Corporation Vice President 604 692 1440 [email protected] OPPORTUNITY TO PURCHASE THE FULLY LEASED CORNER UNIT OF SOUTH VANCOUVER‘S MOST ICONIC STRATA PROJECT SALIENT FACTS Civic Address 489 SW Marine Drive, Vancouver Ownership Interest Freehold strata PID: 029-833-434 Legal Address Strata Lot 1 District Lot 311 Group 1 New Westminster District Strata Plan EPS3174 Size 4,539 square feet North east corner of SW Marine Drive and PROJECT HIGHLIGHTS Location Cambie Street • MC2 is a mixed-use project Tenant Royal Bank of Canada comprised of ground floor retail and Lease Term 10 years two residential towers • The residential strata portion of of Renewal Option 4 x 5 years the project consists of 444 homes Monthly Strata Fees $2,734.34 and is 100% sold • The project is an iconic structure in Current: $292,765.50 Net Basic Rent South Vancouver’s rapidly growing June 2023: $315,460.50 neighbourhood, fueled by residential Current “Admin Fees” As per lease growth and rapid transit to Strata Owner • Gorgeous architecture designed CAP Rate 3% plus admin fee by renowned architect James K.M. Cheng. Price Please contact listing agent Parking Stalls 12 exclusive stalls 489 SW MARINE DRIVE 84 VANCOUVER Walk Score Very Walkable LOCATION The project is ideally positioned at the corner of South West Marine Drive and Cambie Street, adjacent the Marine Drive Canada Line Station and Marine Gateway. Marine Gateway is one of Metro Vancouver’s largest comprehensive developments. Retailers include T&T Supermarket, Cineplex Odeon, Shoppers Drug Mart and many more top national retailers. This location is a focal point for shopping and entertainment in South Vancouver. 79 DEMOGRAPHICS Transit Score Excellent Transit 17 min drive to 1 min walk 1 min walk 1 min walk 1 min walk Downtown Vancouver Marine Drive Station Fitness Centre Grocery stores Restaurants SITE PLAN AAA TENANT SL 5 Loading Bay 83 SL 4 SL 3 Bike Score SL 1 Very Bikeable Cambie Street 489 SW Marine Drive SL 2 RBC MARKET CAP: $118 BILLION SW Marine Drive 2 SL 1 - 489 MC SW Marine Drive MARINE GATEWAY & SKY TRAIN STATION Cambie Street SW Marine Drive 2 MC Casey Pollard Personal Real Estate Corporation Vice President 489 SW MARINE DRIVE 604 692 1440 [email protected] VANCOUVER, BC 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. 200 Granville Street, 19th Floor Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied Vancouver, BC | V6C 2R6 terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2020. All rights reserved. This communication is not intended to cause or induce breach of an existing +1 604 681 4111 listing agreement. Colliers Macaulay Nicolls Brokerage Inc. KM 5/20 collierscanada.com.