FOR SALE
Prime Re-Development Opportunity
508 Clarke Road, Coquitlam B.C.
CLARKE ROAD
RE-DEVELOPMENT SITE
PID: 001-032-569
>
Rare residential/commercial re-development opportunity on Clarke Road, Coquitlam B.C.
>
Adjacent to proposed Evergreen Line, which will attract 8,000 new jobs and business opportunities
>
Approximately 44,240 S.F. currently zoned C-2 with rezoning and high density encouragement
>
Existing 2 storey office/retail commercial property with significant holding income
Stanley Chiu
Justin Chiu
Co-Managing Associate
T. 604.812.3537
[email protected]
Co-Managing Associate
T. 604.649.6761
[email protected]
Gammon International Real Estate Corp | #500 - 1501 W. Broadway | Vancouver BC V6J 4Z6 | gammoninternational.com
This document/e-mail has been prepared by Gammon International for advertising and general information only. Gammon 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. Gammon
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 Gammon International. © 2011. All rights reserved. This communication is not intended to cause or induce
breach of an existing listing agreement.
FOR SALE
Prime Re-Development Opportunity
508 Clarke Road, Coquitlam B.C.
DEVELOPMENT OPPORTUNITY
>
> Centrally located 1-2 blocks away from Burquitlam Station
IMPROVEMENT
2 - Storey Building
> OCP designates area ‘Transit Village Commercial’
> Steps away from a commercially viable urban core
>
> Excellent holding yield with a huge upside in return
NOI (2010)
$164,591.21 (Actual)
> Existing leases provide for near future re-development
> Evergreen Line will provide 8,000 new jobs, commercial and
residential development which will increase higher future rents
>
FINANCING
Treat as Clear Title
>
FRONTAGE
190 Feet
>
SITE AREA
44,240 Square Feet
>
PROPERTY TAXES
$78,357.67 (2010)
C-2 ZONING & DENSITY
RE-ZONING OPPORTUNITY
The intent of this schedule is to provide general
City of Coquitlam indicate the Transit Village
commercial uses including office, entertainment,
Commercial OCP designation would support
small shopping plazas, and larger neighbourhood
rezoning to C-7. C-7 is a mixed residential/
facilities. Existing FSR is 1.05.
commercial designation permitting 2.5 FSR
with additional 0.5 FSR potential.
Stanley Chiu
Justin Chiu
Co-Managing Associate
T. 604.812.3537
[email protected]
Co-Managing Associate
T. 604.649.6761
[email protected]
Gammon International Real Estate Corp | #500 - 1501 W. Broadway | Vancouver BC V6J 4Z6 | gammoninternational.com
This document/e-mail has been prepared by Gammon International for advertising and general information only. Gammon 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. Gammon
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 Gammon International. © 2011. All rights reserved. This communication is not intended to cause or induce
breach of an existing listing agreement.
FOR SALE
Prime Re-Development Opportunity
508 Clarke Road, Coquitlam B.C.
NEARBY AMENITIES
1. BURQUITLAM STATION
2. CYCLONE TAYLOR SPORTS
3. EVERGREEN LINE STATION
SUBJECT PROPERTY
1. Burquitlam Station
2. Cyclone Taylor Sports
3. Evergree Line Station
4. Burnaby Public Library
5. Lougheed Shopping Mall
6. Safeway
4. BURNABY PUBLIC LIBRARY
5. LOUGHEED SHOPPING MALL
6. SAFEWAY
7. LONDON DRUGS
8. SPORT CHEK
9. COQUITLAM COLLEGE
10. LOUGHEED SKYTRAIN
7. London Drugs
8. Sport Chek
9. Coquitlam College
10. Lougheed Skytrain
CITY DEMOGRAPHICS
LOCATION
The subject property is located on the eastern side of Clarke Road
on the upper portion of North Road in Coquitlam. 1-2 blocks north
of the subject property is the busy intersection of Clarke Road and
Como Lake. A two minute drive south from the property will offer
you direct access to Lougheed Hwy which is a major arterial route
connecting East to West. A shorter distance south of the property
is Lougheed Mall which offers an abundance of big box stores,
national chains, retailers and multi ethnic cultured restaurants.
This re-development site is centrally located in an area that will
further urbanize as a “must go-to” destination.
Stanley Chiu
Justin Chiu
Co-Managing Associate
T. 604.812.3537
[email protected]
Co-Managing Associate
T. 604.649.6761
[email protected]
City Population (2009)
123,213 (est.)
Average Age
39 years (Median)
Median Household Income
$59,294.00 (est.)
STATISTICS CANADA
BC STATS
Gammon International Real Estate Corp | #500 - 1501 W. Broadway | Vancouver BC V6J 4Z6 | gammoninternational.com
This document/e-mail has been prepared by Gammon International for advertising and general information only. Gammon 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. Gammon
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 Gammon International. © 2011. All rights reserved. This communication is not intended to cause or induce
breach of an existing listing agreement.
FOR SALE
Prime Re-Development Opportunity
508 Clarke Road, Coquitlam B.C.
LEGAL DESCRIPTION
CONSTRUCTION
FAR/SITE COVERAGE
PL 3967 LT 12 DL 7 LD 36
Concrete / Wood Frame
18.39%
PARCEL IDENTIFIER
ASSESSED VALUE (2010)
PARKING
001-032-569
Land:
Improv:
Total:
55 Surface Parking Stalls
LOT DIMENSION
$
$
$
3,318,000.00
36,800.00
3,354,800.00
OCCUPANCY
190’ X 280’ (44,240 S.F.)
BASIC RENT
94% Leased
BUILDING SIZE
$12.00 P.S.F. (Office)
$15.00 P.S.F. (Retail)
PRICE
16,577 S.F.
AGE
CIRCA 1973
$5,100,000.00
ADDITIONAL RENT (2010)
$10.86 P.S.F. (Office)
$11.18 P.S.F. (Retail)
.
Stanley Chiu
Justin Chiu
Co-Managing Associate
T. 604.812.3537
[email protected]
Co-Managing Associate
T. 604.649.6761
[email protected]
Gammon International Real Estate Corp | #500 - 1501 W. Broadway | Vancouver BC V6J 4Z6 | gammoninternational.com
This document/e-mail has been prepared by Gammon International for advertising and general information only. Gammon 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. Gammon
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 Gammon International. © 2011. All rights reserved. This communication is not intended to cause or induce
breach of an existing listing agreement.