FOR SALE - Form Retail

FOR SALE
FOR SALE
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
JON BUCKLEY*
604 630 0215
[email protected]
FORM RETAIL ADVISORS INC.
*Personal Real Estate Corporation
DAVID MORRIS*
604 638 2123
[email protected]
FOR SALE
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
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
Continental
Shopping Centre
FORM RETAIL ADVISORS INC.
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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.
No
.3
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 2020. 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.
SUBJECT PROPERTY
Hazelbridge Way (16,537 VPD)
MARKET OVERVIEW
Cambie Road (21,200 VPD)
Aberdeen Centre
Aberdeen SkyTrain
Station
FOR SALE
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
MUNICIPAL ADDRESS
#1000 - 8181 Cambie Road, Richmond, BC
PID
018-553-541
LEGAL DESCRIPTION
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
UNIT SIZE
18,500 square feet Ground Floor
1,500 square feet Mezzanine
1,979 square feet Storage areas
21,979 square feet Total
ZONING
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
PARKING
Approximately 47 dedicated surface stalls, with
additional parking stalls in the adjacent parkade
ACCESS/EGRESS
All turns signalized intersection on Cambie Road
TRAFFIC COUNTS
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
FORM RETAIL ADVISORS INC.
FOR SALE
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
SITE PLAN
COVERED
PARKING
FORM RETAIL ADVISORS INC.
FOR SALE
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
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 2018.
8.
1. River Green
Total: 2600 Units; Completed Units: 398; Total units upon completion in 2017: Approximately 850
21. Quintet
714 Units; Completed
2. TBD
Proposed 3 Tower Development; Approximately 300 Units; Completion 2018 onward
22. Carrera
330 Units; Completion 2015
3. Ora
TBD
324
Units; Completed
23. Park Residences
TBD
587
Units; Under construction 150 units
25.
Proposed
Park Place2 15-Storey Towers; Residential/Commercial Building
4. River
493 Units; Units under construction: 200; Phase 1 completed; Phase 2 completion: 2018
9.
5. Riva
Ocean Walk
660 Units; Anticipated completed units by 2017: 320
Proposed 20 Townhouse
24. TBD
Proposed 2 Tower Development
25.
26.
30
6. Hungerford
400 Units; Anticipated completion 2018-2019
34
10.
99
No
.3
ay
w
h
ig
Ro
ad
29
H
32
33
26. TBD
Proposed 280 units 4-storey apartment building
TBD
7. Cadence
Proposed
2 Tower
Development;
250
Units; Completed
same as
Shoppers Drug Mart Approximately
opening
27.
200 Units;
Completion 2018 onward
8. TBD
Proposed 2 15-Storey Towers; Residential/Commercial Building
11.9. Ocean
Lotus
Walk
225 Units; Completed
285 Units; Completed
35
10. TBD
Proposed 2 Tower Development; Approximately 200 Units; Completion 2018 onward
28
12.
27
11.
SUBJECT PROPERTY
Flo
Lotus
300 Units; Completed
285 Units; Completed
12. Flo
Camber
300
Units; Completed
13.
92 Units; Completed
Coming Soon
26
36
lb
Gi
d
oa
tR
er
24
Lansdowne Road
3
4
10 14
15
9
7
14.
Tempo
14. Tempo
237 Units; Completed
237 Units; Completed
15. 2600 Cedar Ridge
120 Units; 2018-2019 Completion
16
17. TBD
16. Proposed
TBD 6 Tower Development; Approximately 600 units; Completion 2018 onward
38
Proposed
4 Tower Development; Approximately 400 units;
Centre
18. Lansdowne
Commencing
Master2018
Plan Process;
Proposed Townhouses, Affordable Housing, Market Housing,
Completion
onward
and Seniors Retirement Living Community
20
12
2600 Cedar Ridge
16. TBD
120 Units;
Completion
Proposed
4 Tower2018-2019
Development; Approximately
400 units; Completion 2018 onward
18
19
13
8
13. Camber
92 Units; Completed
15.
17
2
25
6
5
1
37
19. Orchid
TBD
120
Units; Completion 2018
21
11
Proposed 6 Tower Development; Approximately 600 units;
onward
20. Aqua
225
Units; Completed
Completion
2018
18.
Lansdowne Centre
Commencing Master Plan Process; Proposed Townhouses,
Affordable Housing, Market Housing, and Seniors Retirement
Living Community
1.
River Green
Total: 2600 Units; Completed Units: 398; Total units upon completion in 2017: Approximately 850
2.
TBD
Proposed 3 Tower Development; Approximately 300 Units; Completion 2018 onward
19.
Orchid
120 Units; Completion 2018
3.
Ora
324 Units; Completed
20.
Aqua
225 Units; Completed
4.
River Park Place
493 Units; Units under construction: 200; Phase 1 completed; Phase 2 completion: 2018
21.
Quintet
714 Units; Completed
5.
Riva
660 Units; Anticipated completed units by 2017: 320
22.
Carrera
330 Units; Completion 2015
6.
Hungerford
400 Units; Anticipated completion 2018-2019
23.
Park Residences
587 Units; Under construction 150 units
7.
Cadence
250 Units; Completed same as Shoppers Drug Mart opening
24.
TBD
Proposed 2 Tower Development
FORM RETAIL ADVISORS INC.
Units
28. TBD
28. Proposed
TBD 64 Townhouse Units
Proposed 64 Townhouse Units
29. TBD
Proposed Two high-rise, multi-family residential buildings
30.
29.
TBD
TBD
Proposed high-rise, mixed use development consisting of approximately 628 residential units
Proposed Two high-rise, multi-family residential buildings
31. TBD
Proposed 15 storey Mixed-Use development
30.
TBD
32. Sorrento
Proposed
high-rise,
252
Units; Completion
2017
mixed use development consisting of approximately 628 residential units
33. Avanti
115 Units; Completion in 2017
31.
34.
TBD Gardens Park Estates II
Concord
218 Units; Completion 2018
Proposed 15 storey Mixed-Use development
35. Mandarin Walk Townhomes and Condos
79 Townhouse Units, three 4-storey building with 108 Units
32.
Sorrento
36. Alexandra Court
252
Completion
138
UnitsUnits;
; Completion
TBD
2017
37. Ampri Museo
Townhouse Units; Completion TBD
33. 96Avanti
115
Units;
Completion
Grand
at Lansdowne
Condos in 2017
38. The
117 Units Condo and Townhouse; Completion in 2017
34.
35.
22
23
TBD
27. TBD
Mixed-Use
with 320
Mixed-Use
buildingbuilding
with 320 Residential
Units Residential
17.
Westminster Highway
TBD
TBD
Proposed 20 Townhouse Units
Proposed 280 units 4-storey apartment building
225 Units; Completed
31
Units
Concord Gardens Park Estates II
218 Population:
Units; Completion
2018
Current
38,287
Total Units: 10,022
Added Population: 15,033
Estimated
Population
2018:
53,320
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 2017
Current Population: 38,287
Total Units: 10,022
Added Population: 15,033
Estimated Population 2018: 53,320
SALE
FORFOR
SALE
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
STRATA INVESTMENT OPPORTUNITY
8181 CAMBIE ROAD (STRATA LOT 1000)
RICHMOND, BC
Va
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Bridgeport Roa
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-B
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in
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Hw
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Yaohan Centre
SUBJECT PROPERTY
St. Edwards Crossing
Cambie Road
d
Garden City Roa
Aberdeen Centre
SmartCentre Richmond (N)
Lansdowne Centre
No. 4 Road
Richmond Town Centre
CAC TUS CLU B CAFE
Richmond Centre
No. 3 Road
No. 2 Ro
ad
Westminster Highway
FORM RETAIL ADVISORS INC.
1280-333 SEYMOUR STREET
VANCOUVER, BC V6B 5A6
T 604 638 2121 F 604 638 2122
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.
FORM RETAIL ADVISORS INC.
2016 ESTIMATES
1 KM
3 KM
5 KM
RICHMOND
Population
2,620
81,180
196,138
205,128
Households
1,068
34,062
72,257
74,827
$82,467
$66,761
$83,285
$87,026
Average Household
Income