475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | lee-associates.com

f 34,400 SF on 10.313 Acres

OpportunityTo purchase the only large (10.3 acre) industrial site available along the TransCanada Highway, only 25 minutes from downtown. The building, which totals 34,400, is located at the front of the property and the site has a controlled single point of access from the north end of Glacier Street. The yard is fully fenced and fully paved with storm drainage and power.

The vendor will be vacating most of the building and about 4 acres of yard leaving a revenue stream from half of the yard and some mezzanine offices. The entire property could be available to a purchaser if they required all.

LocationAt the north end of Glacier Street one block east of United Boulevard, backing onto Lougheed Highway in the Mayfair Industrial Park. The site is accessible to the Lougheed and TransCanada Highway with its location off the Cape Horn Interchange. Almost all areas of the Lower Mainland are within a half hour drive.

FOR SALE | INDUSTRIAL150 GLACIER STREETCOQUITLAM, BC

Steve CaldwellPersonal Real Estate CorporationD 604.895.2224 C 604.809.3122steve.caldwell@lee–associates.com

Lougheed Hwy

Port Mann Bridge

SUBJECT

United Blvd

475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | lee-associates.com

Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 09/12/17.

Site Size 10.313 acres comprising 5.747 acres clear and unencumbered and 4.566 acres encumbered by BC Hydro Power Lines

ZoningM-1 (Industrial permitting a wide range of industrial, manufacturing, warehousing, and storage uses)

Description of ImprovementsThe site is improved with a tilt up concrete warehouse building with a 2 level office at the front. The building is U-shaped with a courtyard accessing a number of large drive-in loading doors.

TenanciesThe property currently has 8 tenants. All leases are short terms except for the yard lease to Ground X expiring in March 2018 and the office lease to Valley Driving School expiring in 2020. Potential for over $900,000 of triple net income.

Building Area (Approx.)Office (2nd floor) 3,500 SFOffice (Main floor) 3,500 SFWarehouse/shop 20,900 SFCovered Storage 6,500 SFTotal 34,400 SF

Building Features f Tilt up concrete construction f Fully furnished, air conditioned office f Paved customer parking area and ample paved yard area with storm drainage

f Covered, open storage section f 347/600 volt 3 phase power f Oversized grade level loading doors f 5 ton overhead crane f Dock loading ramp on yard

Yard Features f Fully paved f Catch basins for storm drainage f Some yard lighting f Fully fenced perimeter f Rail spur adjacent to property f Site was preloaded and has a solid footage

EnvironmentalThe vendor has conducted a full environmental review and the site has no environmental issues.

Property Taxes (2017)$231,247.00

Asking Price$19,500,000

FOR SALE | INDUSTRIAL150 GLACIER STREETCOQUITLAM, BC

Lougheed Hwy

BC Hwy 7