FOR SALE
3831 No.6 Road,
Richmond, BC
Investment Opportunity
Credit tenant providing long-term,
stable cash flow
33,400 square feet on 2.59 acres
darren cannon*
604 662 2637
[email protected]
stuart morrison*, sior
604 662 2676
[email protected]
VANCOUVER
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COLLIERS INTERNATIONAL
200 Granville Street, 19th Floor
Vancouver, BC V6C 2R6
604 681 4111
www.collierscanada.com
Cambie
FOR SALE
3831 No.6 Road,
Richmond, BC
Opportunity
To acquire the fee simple interest for 3831 No. 6 Road, Richmond, which will be fully leased to Marine Canada Acquisition Inc. (DBA
SeaStar Solutions®) through a long-term leaseback.
Location
3831 No. 6 Road is located in the popular Crestwood Industrial area
of North Richmond. The property is ideally located near connectors
to Highways 99 and 91, which allow for convenient access to
Vancouver, Burnaby, Delta, and other municipalities south of the
Fraser River. North Richmond is home to many multi-national
companies and is one of Vancouver’s most popular distribution/
manufacturing markets due to its central location relative to the
Vancouver International Airport, the downtown container terminals
and DeltaPort, as well as the US border.
Zoning
IB1 (Industrial Business Park) permitting a wide variety of industrial
uses.
Legal Description
Plan 48813, Lot 17, Block 5N, Land District 36, Section 29, Range
5W PID: 004-195-175
Taxes (2012)
$59,828.56
Sale Leaseback Summary of Terms
Tenant: Marine Canada Acquisition Inc. (DBA SeaStar Solutions®)
Lease Term/Commencement: Ten (10) years commencing on closing date of sale transaction (or
such other date as agreed to by both vendor and purchaser)
Basic Rent:
Years 1-5
$293,920/annum Years 6-10
$323,312/annum$9.68/SF
$8.80/SF
Tenant Responsibilities:
The Tenant will be responsible for operating, maintaining and
repairing the building, including structural repairs, repairs/
replacement of the roof membrane, exterior cladding and parking
lot.
Option to Renew:
One (1) option to renew for a further term of five (5) years at fair
market rent not to be less than the basic annual rent in the last
year of the prior term.
Tenancy Profile
Building Features
For almost 60 years, SeaStar Solutions® has provided boaters with
the tools necessary to take command and be in control of their vessels.
From throttle and shift control cables to steering, instrumentation, and
parts for engines and drive, SeaStar Solutions® has continually led the
recreational marine industry with innovation, quality and a commitment
to supplying boat builders, dealers and boaters with the parts they need,
when they need them. With 81 distributors in 52 countries around the
world, SeaStar continues to be a global market leader in its industry.
>> 26’ ceiling height
>> 3 dock doors, 3 grade doors
>> Ideal, rectangular site preserving long-term asset value
>> Low site coverage (23.0%)
Investment Highlights
Site Size
2.59 acres
Building Area
Manufacturing area
20,000 SF
Ground floor office
5,950 SF
>> Credit tenant providing secure cash flow
Second floor office
7,450 SF
>> 10-year lease
Total Area
>> Freestanding industrial building occupied by Teleflex for over
20-years (prior to business acquisition by Seastar)
>> Projected 9.38% Year 1 return (cash on cash plus debt reduction)
>> Clear title
Financing
Clear title
Price
$5,295,000
33,400 SF
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darren cannon*
604 662 2637
[email protected]
stuart morrison*, sior
604 662 2676
[email protected]
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied,
regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers
International and /or its licensor(s). © 2013. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal
Real Estate Corporation. 05/2013 MV