221 – 275 West 5th Avenue Vancouver, British Columbia 23,634 s.f. Redevelopment Site in the Main and Cambie Commercial/Industrial Neighborhood Bill McCarthy W.P.J. McCarthy and Company Ltd. 604-437-6334 ext. 6 [email protected] www.wpjmccarthy.com W.P.J MCCARTHY & COMPANY LTD. | 604-437-6334 | WWW.WPJMCCARTHY.COM 221 – 275 West 5th Avenue Vancouver, British Columbia This property is a strategically located 23,634 square foot redevelopment site in the Main and Cambie commercial/industrial neighborhood. The location provides easy access to the downtown core and is in close proximity to Cambie Street, Main Street/Kingsway, the Broadway Corridor, and West 2nd Avenue. Existing buildings provide excellent income and functional warehouse and office space . This neighborhood is a prime redevelopment area and this property is an outstanding investment and development opportunity. Single-storey + Type of mezzanine Property industrial warehouse Site Area 23,634 s.f. Building Area 9,426 s.f. 221 West 5th Building Area 8,707 275 West 5th Stabilized Net $164,843 per Income annum Zoning I-1 (Industrial) W.P.J MCCARTHY & COMPANY LTD. | 604-437-6334 | WWW.WPJMCCARTHY.COM 221 – 275 West 5th Avenue Vancouver, British Columbia W.P.J MCCARTHY & COMPANY LTD. | 604-437-6334 | WWW.WPJMCCARTHY.COM Property Details Type of Property: Single storey plus mezzanine light industrial Warehouse/office building Civic Address: 221 – 275 West 5th Avenue, Vancouver, BC Site Area: +/- 11,563 square feet (221 West 5th Avenue) +/- 12,071 square feet (275 West 5th Avenue) +/- 23,634 square feet Gross Building Area: Ground floor: +/- 8,621 square feet (221 West 5th Avenue) Mezzanine: +/- 805 square feet Total floor area: +/- 9,426 square feet Gross Building Area: Ground floor: +/- 7,558 square feet Mezzanine: +/- 1,149 square feet Total floor area: +/- 8,707 square feet 2011 Property Assessments: Land: $2,289,000 (221 West 5th Avenue) Improvements: $ 12,800 Total: $2,301,800 2011 Property Assessments: Land: $1,591,000 (275 West 5th Avenue) Improvements: $ 7,100 Total: $1,598,100 2011 Gross Property $32,673.10 (221 West 5th Avenue) Taxes: $20,875.69 (275 West 5th Avenue) Zoning: I-1 (Industrial) Highest and Best Use: Holding property pending future redevelopment to a higher density development in accordance with the current I-1 zoning. Remaining Economic Life: +/- 20 years assuming on-going maintenance and upkeep .