FOR SALE FOR SALE STRATA INVESTMENT OPPORTUNITY 8181 CAMBIE ROAD (STRATA LOT 1000) RICHMOND, BC
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1 JON BUCKLEY* DAVID MORRIS* *Personal Real Estate Corporation
2 Hazelbridge Way (16,537 VPD) HIGHLIGHTS Up to 21,979 square feet of net rentable area Located in the President Plaza Shopping Centre, which hosts 45 retail spaces and the 200-room Radisson Hotel Centrally positioned in Richmond s City Centre at the northwest corner of Cambie Road and No. 3 Road Less than a 3 minute walk from Aberdeen SkyTrain Station Frontage along Cambie Road (over 21,200 vehicles per day) Situated across the street from the popular Aberdeen Centre and adjacent to Yaohan Centre, anchored by Osaka Supermarket Additional area retailers include Canadian Tire, The Real Canadian Superstore, HMart, Bank of Montreal, HSBC Bank and TD Canada Trust Yaohan Centre MARKET OVERVIEW Richmond is the fourth most populated City in the Province. Located 30 minutes south of Downtown Vancouver, Richmond is a progressive City with over 205,100 people (2016). The population has grown by 6.5% from 2010 to 2015 and is projected to grow an additional 5.0% by In comparison, the Province of British Columbia grew by 4.9% over the same period. The opening of the Canadian Line SkyTrain in 2009 has been a major influence in the increased rate of growth. No. 3 Road (29,089 VPD) SUBJECT PROPERTY Aberdeen Centre Continental Shopping Centre Cambie Road (21,200 VPD) Due to the Subject Property s proximity to the Canada Line, there are a high percentage of residents who commute daily to the immediate area. The intersection of Cambie Road and No. 3 Road is the confluence of the business and commercial sector for Richmond. Accessible by the Canada Lines, Aberdeen SkyTrain Station, and bus #403 (Three Road/Bridgeport Station), #410 (Railway/22nd Street Station) and #N10 (Richmond-Brighouse Station/ Downtown), consumers are easily linked to the area from other municipalities. Aberdeen SkyTrain Station
3 MUNICIPAL ADDRESS # Cambie Road, Richmond, BC PID LEGAL DESCRIPTION UNIT SIZE ZONING Strata Lot 54 Section 28 Block 5 North Range 6 West New Westminster District Strata Plan LMS1162 Together With an Interest in the Common Property in Proportion to the Unit Entitlement of the Strata Lot as Shown on Form 1 18,500 square feet Ground Floor 1,500 square feet Mezzanine 1,979 square feet Storage areas 21,979 square feet Total ZC1 - Hotel Commercial - Aberdeen Village (City Centre) The zone provides for hotel and other compatible uses. The permitted uses include: child care, hotel, education, office, retail, financial, and service ACCESS/EGRESS TRAFFIC COUNTS All turns signalized intersection on Cambie Road Cambie Road (21,200 VPD) Hazelbridge Way (16,537 VPD) No. 3 Road (29,089 VPD) 2016 OPERATING COSTS Approximately $10.00 per square foot FINANCING Available clear title ASKING PRICE $11,250,000
4 SITE PLAN
5 As evidenced on the aerial below, a multitude of projects are currently under construction, which are projected to add approximaetly 15,000 people to the immediate region by TBD Proposed 2 15-Storey Towers; Residential/Commercial Building 25. TBD Proposed 20 Townhouse Units Gilbert Road No. 3 Road 33 SUBJECT PROPERTY Coming Soon 35 Highway Ocean Walk 225 Units; Completed 10. TBD Proposed 2 Tower Development; Approximately 200 Units; Completion 2018 onward 11. Lotus 285 Units; Completed 12. Flo 300 Units; Completed 13. Camber 92 Units; Completed 26. TBD Proposed 280 units 4-storey apartment building 27. TBD Mixed-Use building with 320 Residential Units 28. TBD Proposed 64 Townhouse Units 29. TBD Proposed Two high-rise, multi-family residential buildings 30. TBD Proposed high-rise, mixed use development consisting of approximately 628 residential units Tempo 237 Units; Completed 31. TBD Proposed 15 storey Mixed-Use development Lansdowne Road Cedar Ridge 120 Units; Completion 32. Sorrento 252 Units; Completion Westminster Highway 1. River Green Total: 2600 Units; Completed Units: 398; Total units upon completion in 2017: Approximately TBD Proposed 3 Tower Development; Approximately 300 Units; Completion 2018 onward 3. Ora 324 Units; Completed 16. TBD Proposed 4 Tower Development; Approximately 400 units; Completion 2018 onward 17. TBD Proposed 6 Tower Development; Approximately 600 units; Completion 2018 onward 18. Lansdowne Centre Commencing Master Plan Process; Proposed Townhouses, Affordable Housing, Market Housing, and Seniors Retirement Living Community 19. Orchid 120 Units; Completion Aqua 225 Units; Completed 33. Avanti 115 Units; Completion in Concord Gardens Park Estates II 218 Units; Completion Mandarin Walk Townhomes and Condos 79 Townhouse Units, three 4-storey building with 108 Units 36. Alexandra Court 138 Units ; Completion TBD 37. Ampri Museo 96 Townhouse Units; Completion TBD 38. The Grand at Lansdowne Condos 117 Units Condo and Townhouse; Completion in River Park Place 493 Units; Units under construction: 200; Phase 1 completed; Phase 2 completion: Riva 660 Units; Anticipated completed units by 2017: Hungerford 400 Units; Anticipated completion Cadence 250 Units; Completed same as Shoppers Drug Mart opening 21. Quintet 714 Units; Completed 22. Carrera 330 Units; Completion Park Residences 587 Units; Under construction 150 units 24. TBD Proposed 2 Tower Development Current Population: 38,287 Total Units: 10,022 Added Population: 15,033 Estimated Population 2018: 53,320
6 No. 3 Road Garden City Road No. 4 Road Vancouver - Blaine Hwy Bridgeport Road Yaohan Centre St. Edwards Crossing SUBJECT PROPERTY Cambie Road Aberdeen Centre SmartCentre Richmond (N) Lansdowne Centre Richmond Town Centre C A C T U S C L U B C A F E Westminster Highway 2016 ESTIMATES 1 KM 3 KM 5 KM RICHMOND Richmond Centre Population 2,620 81, , ,128 Households 1,068 34,062 72,257 74,827 Average Household Income $82,467 $66,761 $83,285 $87, SEYMOUR STREET VANCOUVER, BC V6B 5A6 T F FORM.CA The information contained herein was obtained from sources which we deem reliable and while thought to be correct, are not guaranteed by Form Retail Advisors Inc.
FOR SALE FOR SALE STRATA INVESTMENT OPPORTUNITY 8181 CAMBIE ROAD (STRATA LOT 1000) RICHMOND, BC
JON BUCKLEY* 604 630 0215 jbuckley@form.ca DAVID MORRIS* 604 638 2123 dmorris@form.ca *Personal Real Estate Corporation HIGHLIGHTS Up to 21,979 square feet of net rentable area Located in the President
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