for sale 548 & 554 Beatty Street Move in Ready, Fully Renovated 10,227 sf Office Space for sale 548 & 554 Beatty Street Vancouver, BC Property Highlights • Exceptional owner-user opportunity in the Downtown Core • Great investment potential with achievable net rates in the $40’s psf range and low additional rents cost base • In the heart of the growing “Tech Core” being established by tenants such as Amazon, Apple, & Microsoft • Within 25 meters of Stadium Skytrain Station on the Expo Line • Adjacent to restaurant amenities such as Jam Cafe, The Dirty Apron, Devil’s Elbow, Chambar, among many others • Fully renovated “brick and beam” turnkey office premises featuring 20ft ceiling heights • Street front exposure and unparalleled signage opportunity Opportunity Located in the Crosstown area of the Downtown core, 548 & 554 Beatty Street is a prime Straddling Gastown to the North and the Central Business District to the South, Crosstown owner-user opportunity in Vancouver’s rapidly expanding technology district. Though is home to several new significant developments from Westbank, PC Urban, and Oxford – the space is ideal for owner/users, investors will also see value in the increasing rental all of which attribute to Crosstown’s emerging reputation as a new epicentre of business. rates and low vacancies of the Crosstown market. With the flexibility to demise and the Branded Vancouver’s up and coming “Tech Core”, the neighbourhood will cater to the likes quality of construction, this is an ideal, stable long term investment with very little risk. of Amazon, Apple, Microsoft, and the newly slated Vancouver Art Gallery among others. The property was fully renovated in 2019 with an ideal mix of contemporary build outs Adjacent to some of Vancouver’s trendiest eateries and boutiques, this flourishing area coupled with highly sought after, heritage-style exposed brick façades. The property is is a hub rooted in history with boundless potential. Not only does 548 & 554 Beatty comprised of two contiguous and demisable strata lots totaling 10,227 sf with direct Street offer an exceptional turnkey work environment, this space is an unprecedented access to the Stadium Skytrain Station and easily reachable by both car and bike. opportunity to be a part of Downtown Vancouver’s growth. for sale 548 & 554 Beatty Street Vancouver, BC Features • Rooftop patio • Original brick & beam building, reconstructed and renovated from the ground up to an unparalleled brand new standard Salient Details • 16 to 20 feet ceilings and 3 foot thick granite party walls Strata Lot 1 Strata Lot 2 • Upgraded three phase power providing a useable 24 watts per sq. ft. Civic Address 548 Beatty St, Vancouver, BC 554 Beatty St, Vancouver, BC • Dedicated server room with redundant cooling, and isolated electrical power • Three separate but contiguous strata lots which can be demised easily at little cost Size 5,591 sf 4,636 sf • Dedicated and secure street front entrances PID 006-517-757 006-517-846 • Roof top deck, balconies and newly improved green courtyard Gross Taxes $25,315.71 $18,608.14 • Fiber connectivity 2020 Assessed $4,316,000.00 $3,222,000.00 • Operable windows Total Value • 2 large and exclusive storage units Legal Description PL VAS1322 LT 1 DL 541 LD 36 PL VAS1322 LT 2 DL 541 LD 36 • Secure and sizable bike storage for sale 548 & 554 Beatty Street Vancouver, BC for sale 548 & 554 Beatty Street Vancouver, BC Crosstown 548 & 554 Beatty Street is located mid-block between Dunsmuir & West Pender Streets in the vibrant, up-and-coming neighbourhood of Crosstown bounded by Gastown, Vancouver’s Central Business District and Yaletown. Alike Gastown, Crosstown bodes a past rich in history further magnified by the iconic Sun Tower, once the tallest building in the British Empire. Built in 1912, the Beaux-Arts building was commissioned to house the Vancouver World newspaper prior to 1937 when it was purchased by The Vancouver Sun and renamed Sun Tower. Formerly an industrial warehouse asset, this was one of the first few buildings in Vancouver’s Downtown core to be gentrified and fully redeveloped into a mix of both residential lofts and commercial units. Throughout the past few years, the revitalization of Gastown has influenced and inspired Crosstown with an emergence of vitality translating to the existence of a variety of trendy bars and foodie eateries. Bordered by rows of heritage high-rise boutique loft conversions, Crosstown continues to impressively merge the old with the new. Five Fifty Beatty Constructed in 1906, the Property was built by a subsidiary of the Canadian Pacific Railway company to be used for dry good storage in support of the city’s emergent role as a maritime import-export hub. Five Fifty Beatty (as it was rebranded) became one of the first conversions from industrial space to loft office and residential in Vancouver, and was completed in 1981 by the late visionary architect/developer Robert MacIntyre. for sale 548 & 554 Beatty Street Vancouver, BC 858 BEATTY STREET 120,000 sf g Microsoft 80,000 sf g Visier 720 BEATTY STREET Westbank Proposed Development THE POST 620,000 sf 1,100,000 sf g Amazon 185,000 sf g Commercial including TELUS GARDEN Flagship Loblaws City Market 200,000 sf g Telus 150,000 sf g Amazon SUBJECT PROPERTY NEW VANCOUVER ART GALLERY 550 CAMBIE 400 WEST GEORGIA PC Urban 120,000 sf g Spaces Proposed Development 402 DUNSMUIR 60,000 sf g Apple 733 SEYMOUR, VCII g 375,000 sf 150,000 sf Amazon 120,000 sf g Deloitte 100,000 sf g Kabam Join the likes of for sale 548 & 554 Beatty Street Vancouver, BC 0.5KM RADIUS - 10 MIN WALK DAYTIME POPULATION 13,516 TOTAL OFFICE INVENTORY 1,413,754 SQUARE FEET 35 BUILDINGS AMENITIES 100 RESTAURANTS 33 CAFES 17 BARS WALK SCORE 4 CHILDCARES WALKER’S PARADISE 96 TRANSIT SCORE RIDER’S PARADISE 100 BIKE SCORE BIKEABLE 67 DAYTIME POPULATION 13,516 TOTAL OFFICE INVENTORY f STADIUM CHINATOWN STATION 1,413,754 SQUARE FEET 35 BUILDINGS Location Nestled between the flash of Yaletown and only steps from Vancouver’s historic Gastown, Crosstown is swiftly making a name for itself as the fastest gentrifying neighborhood in Vancouver and is steadily becoming the City’s newest tech hub, even classified as the new, up-and-coming downtown “Tech Core”. Catering to the likes of Amazon, Apple, Microsoft, among others, Crosstown is steadily building a reputation as one of the hippest tech neighbourhoods with an attitude of its own. From swank home décor boutiques to trendy restaurants and cocktail lounges with buzzing outdoor terraces, there is no shortage of vibrancy and excitement to be found in Crosstown. The combination of historic architecture coupled with revamped heritage buildings create an unrivaled mix of unique office space no different than here at 548 & 554 Beatty Street. for sale 548 & 554 Beatty Street Vancouver, BC STEPS FROM WALKING DISTANCE TO DOZENS OF 6 PARKING LOTS PRODUCTION & TECHNOLOGY CHINATOWN/STADIUM SKYTRAIN STATION QUALITY RESTAURANTS NEARBY - DAILY & MONTHLY BASIS HUB for sale 548 & 554 Beatty Street Vancouver, BC AREAS SL 1 5,591 sf SL 2 4,636 sf Total Contiguous Space* 10,227 sf *Strata Lot 1 and Strata Lot 2 may be purchased as one (1) contiguous space, or may be demised and sold as two (2) separate units SL 1 - FIRST FLOOR // 4,433 SF SL 2 // 4,636 SF SL 1 - SECOND FLOOR // 1,158 SF STORAGE LOCKERS #01 #02 for sale 548 & 554 Beatty Street Matthew MacLean Roger Leggatt Personal Real Estate Corporation Personal Real Estate Corporation Senior Vice President Executive Vice President 604 640 5855 604 640 5882 [email protected] [email protected] E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield ULC 05/20 gh.