a proposal for - Cushman Wakefield Atlantic

A PROPOSAL FOR
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A PROPOSAL FOR
TABLE OF CONTENTS
LIMITING CONDITIONS
3
EXECUTIVE SUMMARY
4
AREA OVERVIEW
5
THE IMMEDIATE NEIGHBOURHOOD
6
AERIAL VIEW
7
BUILDING OVERVIEW
8
INTERIOR PHOTOS
9
EXTERIOR PHOTOS
11
FLOOR PLAN
12
SITE OVERVIEW
13
SURVEY PLAN
14
ZONING
15
CONTACT INFORMATION
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A PROPOSAL FOR
LIMITING CONDITIONS
The information contained in this package was obtained from the owners and other sources deemed reliable. However, no representations,
declarations or warranties are given or implied by Cushman & Wakefield Atlantic, or the owner as to its accuracy or completeness and such
information should not be relied upon by prospective purchasers without independent investigation and verification.
This information package does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require in
determining whether or not to purchase the property. The owner and Cushman & Wakefield Atlantic expressly disclaim any and all liability for any
errors or omissions in this package or any other oral or written communication transmitted or made available to prospective purchasers.
This information package is for information and discussion purposes only and does not constitute an offer to sell or the solicitation of any offer to buy
the property.
The owner and Cushman & Wakefield Atlantic undertake no obligations to provide the recipient with access to additional information. The owner
reserves the right to remove the offering from the market at any time and is under no obligation to respond to or accept any proposal or offer to
purchase the property.
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A PROPOSAL FOR
EXECUTIVE SUMMARY
PROPERTY OVERVIEW
70 CRANE LAKE DRIVE, HALIFAX NOVA SCOTIA
Civic Address
70 Crane Lake Drive, Bayers Lake Business Park,
Halifax, Nova Scotia
Property Type
One storey, steel framed commercial/industrial building
PID #
40594194
Building Size
10,000 sf
Utilization
Open showroom with high ceiling retail. Right hand
side warehouse section with a dock and grade loading
door.
Age
1991
Lot Size
1.39 acres
Parking
Up to 50 vehicles
Zoning
I-3 (General Industrial Zone)
Assessed Value
$1,238,400 (2014 Commercial Taxable)
Building Owner
70 Crane Lake Drive Investments Incorporated
List / Lease Price
$1,900,000 / $14.00 psf Net
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A PROPOSAL FOR
AREA OVERVIEW
70 Crane Lake Drive is located within the Bayers Lake Business Park in Halifax, Nova Scotia.
Bayers Lake Business Park has enjoyed outstanding growth since
its inception in the mid-1980s. It's location at the confluence of
Highways 102 and 103, its proximity to the rapidly developing
Bedford West, Bedford South and Clayton Park residential
areas, and short drive to downtown Halifax and port facilities
have all contributed to the success of the Bayers Lake Business
Park.
Over 580 acres (236 hectares) in size, Bayers Lake Business Park
represents a major concentration of light industrial and
commercial activity in Greater Halifax. In particular, warehouse
retail “superstores” have recognized the value of Bayers Lake
Business Park’s strategic location, including Costco, Walmart,
Kent Building Supplies, Staples, and Future Shop to name a few.
However, Bayers Lake Business Park is more than just a retail
destination. Major warehousing, trucking, distribution, and
manufacturing operations have been established in the Park.
Bayers Lake Business Park offers high quality infrastructure
combined with comprehensive development standards.
The next phase of growth at Bayers
Lake will see the relocation from CBD
Halifax of 600-800 CRA employees to
the Park in 2016 and the proposed
development of +/-80 acres to provide
new retail opportunities.
300
Number of businesses,
shops and restaurants
located in Bayers Lake.
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A PROPOSAL FOR
THE IMMEDIATE NEIGHBOURHOOD
The subject property is located in the Bayers Lake Business Park on Crane Lake Drive. The street enjoys close proximity to the south entrance of
Bayers Lake Business Park with quick access to Highway 103. The majority of the street is improved with commercial, office and service buildings.
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A PROPOSAL FOR
AERIAL VIEW
70 Crane Lake Drive
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A PROPOSAL FOR
BUILDING OVERVIEW
70 CRANE LAKE DRIVE, HALIFAX NOVA SCOTIA
Structure
Steel framed constructed on a concrete slab
Building Size
10,000 sf
Utilization
The left hand side section is open showroom with high ceilings
retail. There is a demising wall down the right hand side creating a
warehouse section serviced via a dock and grade loading door.
Warehouse section includes office and lunch room.
Age
1991
Loading
 One (1) 8’ x 12’ grade loading door
 One (1) 8’ x 8’ dock loading door with dock leveler and storm
drain
Electrical System
400 amp main service panel
Heating System
Heat pump, electric baseboard, radiant propane and roof mounted
air conditioning
Roof / Exterior
Flat
Parking
Asphalt paved parking for up to 50 vehicles
Foundation
Poured in place concrete slab
Ceiling Height
19 feet clear
Washrooms
2 x 2 piece
Additional Features
Potential for 2nd level office/showroom mezzanine
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A PROPOSAL FOR
INTERIOR PHOTOS
SHOWROOM AREA
Front Customer Entrance to Showroom
Interior Showroom
Interior Showroom
Interior Showroom Front
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A PROPOSAL FOR
INTERIOR PHOTOS
WAREHOUSE AREA
Dock Loading Door with Leveler
Front & Rear Warehouse View
Interior Showroom
Rear Warehouse
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A PROPOSAL FOR
EXTERIOR PHOTOS
Dock & Grade loading Doors
Customer Parking
Customer Parking
Customer Parking
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A PROPOSAL FOR
FLOOR PLAN
* Dimensions are approximate
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A PROPOSAL FOR
SITE OVERVIEW
70 CRANE LAKE DRIVE, HALIFAX NOVA SCOTIA
Address
70 Crane Lake Drive, Halifax NS
PID #
40594194
Lot Size
1.39 acres
Site Dimensions
 114.5 feet deep
Topography
Elevated / flat
Site Improvements
Asphalt paved for up to 50 vehicles
 527.4 feet wide
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A PROPOSAL FOR
SURVEY PLAN
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A PROPOSAL FOR
ZONING
The subject property is zoned “I-3” – General Industrial Zone
50A(1) The following uses shall be permitted in any I-3 Zone:
(a) any industrial/commercial enterprise, except when the operation of same would cause a nuisance or hazard to the public and except:
(i) billboards;
(ii) adult entertainment uses; and
(iii) amusement centres.
(b) a public park.
50A(2) No person shall in any I-3 Zone carry out, or cause or permit to be carried out, any development for any purpose other than one or more of the uses set out
in subsection (1).
50A(3) No person shall in any I-3 Zone use or permit to be used any land or building in whole or in part for any purpose other than one or more of the uses set out
in subsection (1).
REQUIREMENTS
50A(4) No front, side or rear yards are required in an I-3 Zone; however, any development undertaken in an I-3 Zone shall be required to be set back 200 ft. from any
lake or watercourse and any use permitted in the I-3 Zone shall be set back a minimum of 30 feet from a collector roadway and 10 feet from all other roadways.
See Halifax Regional Municipal Land Use Bylaws for Halifax Mainland for further details.
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A PROPOSAL FOR
CONTACT INFORMATION
For further information please contact one of the Cushman & Wakefield Atlantic Representatives below.
TOM GERARD, CCIM, SIOR
MAT HOUSTON
902.425.1303 DIRECT
902.830.1318 MOBILE
902.422.0327 FAX
902.425.5887 DIRECT
902.412.2940 MOBILE
902.425.7374 FAX
[email protected]
[email protected]
SENIOR REPRESENTATIVE
COMMERCIAL REAL ESTATE ADVISOR
C&WA MAILING ADDRESS
5475 Spring Garden Road, Suite 601, Halifax, NS, B3J 3T2
WEBSITES
SOCIAL MEDIA
C&WA Regional Website: www.cwatlantic.com
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