AVAILABLE OPTIONS... SITE 2490 Priest Road KEN McLAUGHLIN SITE SIZE (acres) 1.74 ASKING PRICE $2,490,000 250.870.7845 250.870.2165 www.commercialbc.com ADDITIONAL COSTS Applicable Taxes KRIS McLAUGHLIN E.&O.E. The information above has been obtained from sources believed to be reliable. However, neither RE/MAX Commercial/RE/MAX Kelowna, Ken McLaughlin or Kris McLaughlin make any guarantees, warranties or representations about the accuracy. It is the responsibility of the reader to independently confirm and verify its accuracy, and to satisfy themselves as to its completeness. Any financial projections, assumptions, or estimates are used for example only and may or may not reflect the current or future performance of the property. All properties listed on MLS unless otherwised stated.
SALIENT FACTS & IMPORTANT CONCLUSIONS The real estate components of the subject property consist of a good quality two storey office building and a large arch shaped, fabric covered warehouse structure situated on a 1.74 acre level parcel of heavy industrial zoned land. Both buildings are in very good condition and they cover approximately 55% of the 1.74 acre site area. In addition, the City of Merritt has indicated Orme Street, which runs along the property s eastern boundary will have to be paved and a drainage system installed prior to occupation of the subject property. The estimated cost of the required road improvements are $100,000 to $150,000. Type of Property: Civic Address: Legal Description: Industrial Use Building with Separate Offices 2490 Priest Avenue, Merritt, BC Lot 3, Block 47, KAP717, District Lot 123, KDYD P.I.D.: 012-122-033 Site Area: 1.74 Acres 2013 Assessment: $3,156,000 2013 Property Taxes: $129,200 Building Size: Zoning: Location: Services: Approximately 6,650 Square Feet Office/Equipment Building Approximately 24,320 Square Feet Warehouse Building M2 - Heavy Industrial The subject property is located within the industrial area of the City of Merritt, which is situated southeast of the downtown area. Merritt is located within the Thompson-Nicola Regional District, Electoral Area North, at the confluence of the Coldwater and Nicola Rivers. Merritt is situated astride the 1986 completed Coquihalla Highway at the intersection of Highway 5A and 8, approximately 80 km south west of Kamloops and 130 km west of Kelowna via Highway 97C. Greater Vancouver is situated within 2.5 hours or 265 km southwest of Merritt via the Coquihalla Highway and the Trans-Canada Highway west of Hope. Priest Avenue is a paved two lane roadway without concrete curbs and sidewalks. Orme Street is paved north of Priest Avenue, but the portion south of Priest Avenue and adjacent to the subject is gravel. The subject property is served by above ground electrical and telecommunications, street lighting, natural gas, community domestic water and sanitary sewer.
BUILDING DESCRIPTIONS The two main buildings on the subject property consist of a concrete block structure located at the front of the property and large coverall building. The front building is divided in two, with the east half comprising a recently renovated, two storey office area. The western half contains the electrical room and two elevated pelletizers. The entire building is equipped with a ceiling mounted sprinkler system for fire protection. BUILDING SPECIFICATIONS - OFFICE/EQUIPMENT BUILDING Design & Style: Year Built: Two storey, single tenancy concrete block building 1976 with recent significant renovations Size: Office Area - Approximately 2,350 Square Feet (each floor) Equipment Area - Approximately 1,950 Square Feet (one floor only) Total Area - Approximately 6,650 Square Feet Foundation: Floor Structure: Exterior Walls: Roof: HVAC: Lighting: Plumbing: Interior Finish: Assumed poured concrete Assumed reinforced concrete slab on grade Painted concrete block, partially covered with hardi-plank siding Gable shape with green metal cover Two forced air furnaces in the office section. Equipment room is not heated. The office area is air conditioned. Recessed fixtures in the office area and fluorescent lighting in the equipment room Three two-piece washrooms and showers in the locker room The office area is nicely finished and well-appointed for use as a head office. The equipment area is sufficiently finished.
BUILDING DESCRIPTIONS BUILDING SPECIFICATIONS - COVERALL BUILDING Design & Style: Large single tenancy fabric covered building with a ten foot high concrete block perimeter wall Year Built: 2010 Size: Production Side - Approximately 8,960 Square Feet Raw Fibre Side - Approximately 15,360 Square Feet Total Area - Approximately 24,320 Square Feet Foundation: Floor Structure: Exterior Walls: Ceiling Height: Roof: HVAC: Lighting: Plumbing: Interior Finish: 2.5 x 2 x 4 large concrete blocks stacked four high Reinforced asphalt slab on grade 10 feet of concrete block and fabric 44 feet to the highest point Arch shaped, fabric cover, with steel support on 16 centers Not heated or air conditioned Suspended halide-lighting No washrooms Typical open warehouse area with a 44 ceiling height
PROPERTY PICTURES
PROPERTY PICTURES
LOCATION MAP
EQUIPMENT LIST
EQUIPMENT LIST
EQUIPMENT LIST SALE TO INCLUDE LAND, BUILDING AND EQUIPMENT TO BE SOLD ON AN AS-IS WHERE- IS BASIS WITH NO WRITTEN OR EXPRESSED WARRANTIES OR GUARANTEES TO THE BUYER.
TITLE SEARCH TITLE SEARCH PRINT 2013-10-31, 10:37:38 Requestor: PC63684 Folio/File Reference:MCLAUGHLINKEN **CURRENT INFORMATION ONLY - NO CANCELLED INFORMATION SHOWN** Land Title District Land Title Office KAMLOOPS KAMLOOPS Title Number From Title Number CA1442399 KR22890 Application Received 2010-01-29 Application Entered 2010-02-26 Registered Owner in Fee Simple Registered Owner/Mailing Address: HIGHLAND PELLET MANUFACTURING LTD., INC.NO. BC0853512 300-350 LANSDOWNE STREET KAMLOOPS, BC V2C 1Y1 Taxation Authority CITY OF MERRITT Description of Land Parcel Identifier: 012-122-033 Legal Description: LOT 3 BLOCK 47 DISTRICT LOT 123 KAMLOOPS DIVISION YALE DISTRICT PLAN 717 AS SHOWN ON PLAN B12690 EXCEPT SUCH UNDER SURFACE RIGHTS AS ARE REGISTERED IN ABSOLUTE FEES BOOK VOLUME 18 FOLIO 152 NO. 9837D Legal Notations NONE Charges, Liens and Interests MORTGAGE CA1449246 Registration Date and Time: 2010-02-05 11:30 BUSINESS DEVELOPMENT BANK OF CANADA ASSIGNMENT OF RENTS CA1449247 Registration Date and Time: 2010-02-05 11:30 BUSINESS DEVELOPMENT BANK OF CANADA Title Number: CA1442399 Title Search Print Page 1 of 3
TITLE SEARCH TITLE SEARCH PRINT 2013-10-31, 10:37:38 Requestor: PC63684 Folio/File Reference:MCLAUGHLINKEN CLAIM OF BUILDERS LIEN CA1826575 Registration Date and Time: 2010-12-02 12:37 UNITED AGRI SYSTEMS CANADA INC. INCORPORATION NO. A0056329 CLAIM OF BUILDERS LIEN CA1880108 Registration Date and Time: 2011-01-25 12:49 UNITED RENTALS OF CANADA, INC INCORPORATION NO. A0062440 CLAIM OF BUILDERS LIEN CA1881486 Registration Date and Time: 2011-01-26 11:55 1683048 ONTARIO LTD. CLAIM OF BUILDERS LIEN CA1882360 Registration Date and Time: 2011-01-26 17:52 ANIXTER CANADA INC. INCORPORATION NO. A0024174 CLAIM OF BUILDERS LIEN CA1895047 Registration Date and Time: 2011-02-07 12:03 UNITED RENTALS OF CANADA, INC INCORPORATION NO. A0062440 CERTIFICATE OF PENDING LITIGATION LB481488 Registration Date and Time: 2011-09-01 10:21 1683048 ONTARIO LIMITED CERTIFICATE OF PENDING LITIGATION LB488644 Registration Date and Time: 2011-10-26 14:25 ANIXTER CANADA INC. CERTIFICATE OF PENDING LITIGATION LB493411 Registration Date and Time: 2011-12-01 11:33 UNITED AGRI SYSTEMS CANADA INC. Title Number: CA1442399 Title Search Print Page 2 of 3
TITLE SEARCH TITLE SEARCH PRINT 2013-10-31, 10:37:38 Requestor: PC63684 Folio/File Reference:MCLAUGHLINKEN CERTIFICATE OF PENDING LITIGATION LB498414 Registration Date and Time: 2012-01-24 12:00 UNITED RENTALS OF CANADA, INC. CLAIM OF BUILDERS LIEN LB512714 Registration Date and Time: 2012-11-22 12:55 JOHN FREDRICK ARCHACHAN MORTGAGE CA3121162 Registration Date and Time: 2013-05-10 12:26 THE MINING HOUSE INC. INCORPORATION NO. 001885806 ASSIGNMENT OF RENTS CA3121163 Registration Date and Time: 2013-05-10 12:26 THE MINING HOUSE INC. INCORPORATION NO. 001885806 CERTIFICATE OF PENDING LITIGATION CA3218878 Registration Date and Time: 2013-07-05 09:28 BUSINESS DEVELOPMENT BANK OF CANADA Duplicate Indefeasible Title NONE OUTSTANDING Transfers NONE Pending Applications NONE Title Number: CA1442399 Title Search Print Page 3 of 3
City of Merritt Draft Zoning Bylaw ZONING INFORMATION 6.21 Heavy Industrial (M2) 6.21.1 Intent The Heavy Industrial zone is oriented towards a range of heavy manufacturing, processing and other industrial uses that are likely to require outdoor storage and or produce noise, smoke, dust, glare, fumes or odours. 6.21.2 Permitted Uses a. All manufacturing, processing, finishing and packaging including: i. processing of forest and wood products; ii. processing of concrete products and ready-mix; iii. rock, sand and gravel; iv. processing of asphalt; b. Auto wrecking and auto storage; c. Heavy Manufacturing d. Metal recycling; e. Warehousing 6.21.3 Accessory Uses a. Accessory Buildings and Structures b. Office c. Residential security / operator suite d. Steel cargo containers. 6.21.4 Subdivision Regulations a. Minimum lot width: 20 metres b. Minimum lot area: 2 hectares 6.21.5 Site Development Regulations a. Maximum Parcel Coverage: 50% b. Maximum height: the lessor of 16 metres or 3.5 storeys c. Minimum front yard: 6.0 metres i. 9.0 metres if adjacent to a residential or rural zoned lot with an intervening street City of Merritt Zoning Bylaw 2134, 2013-88 - MMM Group Limited May 2013 5112012-000-Rev7
City of Merritt Draft Zoning Bylaw ZONING INFORMATION d. Minimum side yard: 3 m i. 0 metres if not adjacent to a street, lane, rural or residential zone, and where the adjacent lot has a side yard of at least 6.0 metres ii. 6.0 metres if adjacent to a residential or rural zoned lot with or without an intervening lane or street e. Minimum exterior side yard: 6.0 metres i. 9.0 metres if adjacent to a residential or rural zoned lot with or without an intervening lane or street f. Minimum rear yard: 0 metres 6.21.6 Conditions of Use i. 9.0 metres if adjacent to a residential or rural zoned lot with or without an intervening lane a. A residential security suite for the use of the night watchperson of the principal and permitted use shall be located within the principal building and located either at the second storey level or behind the industrial premises. b. Where practical, all permitted uses shall be housed completely within an enclosed building. c. Nothing shall be done which is or will become an annoyance or nuisance to the surrounding areas by reason of unsightliness, the emission of odours, liquid effluence, dust, smoke, vibration, noise or glare; nor shall any activity be carried out which creates or causes a health, fire, or explosion hazard, electrical interference, or undue traffic congestion. d. Notwithstanding Section 4.14, steel cargo containers may only be contained within an outdoor storage area surrounded by an appropriate vegetative screen as per Screening and Landscaping section of this Bylaw. In no case shall a steel cargo container stack exceed the height of the surrounding vegetative screen. e. Notwithstanding any other provision of this bylaw, no land, building or structure in the M2 (Heavy Industrial) Zone shall be used for the incineration of waste or other material, except for the incineration of wood waste generated from forest based manufacturing industries. 6.21.7 Other Regulations a. All buildings and structures shall comply with Part 4 b. Screening and Landscaping shall comply with Part 7 c. Off-street parking and loading shall comply with Part 8 City of Merritt Zoning Bylaw 2134, 2013-89 - MMM Group Limited May 2013 5112012-000-Rev7
Commercial Listings, Projects and Services managed by the McLaughlin Commercial Group and can be seen on its website include: Commercial Properties for Sale and Lease Businesses for Sale Vacant Land Land Assembly Multi-Family Residential Industrial Projects Larger Commercial Development Projects ALR Submissions McLaughlin Commercial Group s Approach: The McLaughlin Commercial Group has earned a reputation for professional due diligence and expertise across a wide range of commercial real estate areas. Its approach in cooperative REALTOR /Developer projects are driven by the principles of buying great sites and improving them through innovative, distinctive and superior developments. The combined multiple decades of experience from the team has gained it an entrepreneurial reputation throughout the Okanagan Valley. It s common goals shared with clients over the many years is to develop property that is ahead of the market in design and structure, and to deliver a high-quality product that will ensure capital growth for both owner occupiers and investors alike. McLaughlin Commercial Group s Eight Development Principles: 1. Position: Does the development occupy a prime location suitable for the target market? 2. Timing: Are we one step ahead of the market in the style and type of development? 3. Tenant Ability: Does it appeal to owners, investors and occupiers alike? 4. Innovation: Will the project allow new concepts, features, and layouts to be incorporated? 5. Site Specifics: Can the project develop an individual signature style not already on the market? 6. Pricing: Will purchasers gain excellent value for their financial outlay? 7. Point of Difference: Can we introduce new initiatives into the market? 8. Demand: Can we capitalize on market trends, that is, does the development appeal to owner occupiers therefore ensuring strong rental prospects for the investor? A Few of the Institutional and Commercial Relationships Developed by the McLaughlin Commercial Group Over the Years Include: Okanagan University College Roman Catholic Bishop of Nelson Tatum Properties Granville Savings & Mortgage Corp. Glenmore Development Corp. Shell Canada/Action Super-Save Gas Stations TROIKA Developments Inc. Environment Canada Managing the submission of ALR applications Managing the re-zoning and/or subdivision process through the City of Kelowna and the Okanagan Regional District Public Works Canada, Acquisition & Disposition City of Vernon Lawrence Medical Arts Ltd. Huber Developments Ltd. KPMG Inc. Hawkeye Holdings Ltd. Roofing & Sheet Metal Ltd. TOMTAR Roofing & Sheet Metal Ltd. Cheviot Properties Ltd. Land assembly for future development and use Lunelli Enterprises Ltd. (Anthony s Suzuki Subaru & Ironman Subaru)