www.naicommercial.ca Commercial Real Estate Services, Worldwide.
SELF-STORAGE FACILITIES – FOR SALE Vernon, BC
Penticton, BC
s UNITS PARKING s SF RENTABLE s ACRES n TITLES s %XPANSION $EV 0OTENTIAL s BEDROOM APARTMENT ON SITE s %XISTING MANAGEMENT IN PLACE
s UNITS PARKING s SF RENTABLE s !CRES s #OMMERCIAL #OMPONENT s "EDROOM !PARTMENT ON SITE s %XISTING MANAGEMENT IN PLACE
Commercial/Industrial Land Highway 1 Access and Exposure Flood Hope Road, BC
s Reduced $3,250,000 s Asking $2,850,000 WE ARE YOUR SELF-STORAGE EXPERTS KEN KIERS* or KEN HICK 604-534-7974 1-800-890-9855 kiers@naicommercial.ca
KEN KIERS* 604-534-7974 1-800-890-9855 kiers@naicommercial.ca
KEN KIERS OR KEN HICK * Personal Real Estate Corp.
COURT ORDERED SALE
MERRITT, BC OPPORTUNITIES
COQUITLAM s 3TRATA 2ETAIL /FlCE s SF UNITS s STALL PARKING s FT SIGN FRONTAGE s &OR LEASE TNET
MULTI-TENANT COMMERCIAL
FOR LEASE 8,459 SQ. FT. SHOWROOM & W/H
s 2ENTABLE s &ENCED PARKING LOT s SF C LOT s %XCELLENT CONDITION s 0RO FORMA CAP s SF
DON ELLIS, RI 604-691-6668 donellis@naicommercial.ca
s Close to Wal-Mart. Only $199K
SPLIT ZONING s !C $EVELOPMENT 3ITE s :ONED 2 HIGH DENSITY M F # SHOP CTR #OMM s Asking $2.95 Mil
3 LIGHT INDUSTRIAL LOTS s ACRES EACH Amazing price $69,900 ea.
s ,OCATED IN ,ANGLEY (IGHWAY FRONTAGE s # ZONED ACRES SQ FT OF BUILDINGS s 3ALES OFlCE PARTS STORE AND SERVICE BAYS s ,ARGE SALES LOTS 3ECURE STORAGE s #AN BE SOLD WITH OR WITHOUT BUSINESS s 0RIME RE DEVELOPMENT SITE s 0OTENTIAL DEALERSHIP OR (OME )MPROVEMENT #ENTRE s $3,500,000.00
DON & ANGIE MACDONALD 604-534-7974 or 1-800-890-9855
11.4 ACRES DEV. LAND ADJACENT TO WAL-MART & HWY 5 s )DEAL FOR HOME IMPROVEMENT STORE SHOPPING CENTRE MOTEL 26 0ARK 3TORAGE s .OW ONLY $2.95 Mil K AC s *UST APPRAISED AT K AC
or 1-800-890-9855 CHRIS LANGHAUG 604-534-7974 langhaug@naicommercial.ca
FOR SALE – RV SITE WITH BUSINESS FULLY FURNISHED OFFICE ACROSS WILLOWBROOK SHOPPING MALL s SF FRONT UNIT s (IGH END lNISH OFlCE ENVIRONMENT s Lease rate: $25/sf
FRONT UNIT WEST WILLOW SHOPPING CENTRE s SF UNIT 3UBLEASE s (IGH VISIBILITY TO TRAFlC ON &RASER (WY s ,OW RENT RETAIL PAD FOR RETAIL START UP s Lease rate: $19/sf
SK JEON 778-241-9981 skjeon@naicommercial.ca
Realtors wasting time seeking online payoff Robybn Hanson of Think! Social Media: many realtors are “contributing to the noise without adding any value�
15 INVESTOR DESTINATION
18 BIDS SEDUCE METRO OWNERS
HALF ACRE C-3 SERVICE COMMERCIAL LOT
BURNABY
11 SOCIAL SITES AS AN EPIC FAIL
Red carpet rolls out in fast-growing Abbotsford
s 5NIT 4OWNHOUSE 3ITE s !C 2 - & ZONING s 3ERVICES AT STREET s Asking $699,000 s $ 5.50 s.f. plus $2.50 s.f. T.N.
ASKING $699,000 / $154 PSF
ASKING $2,350,000 / $175 PSF
HOT PRICE
$ 4 . 2 9 A P R I L 2 0 1 2 Vo l . 2 7 / I s s u e 4
â–˛
s 5P TO !CRES 4OTAL s /WNER WILL SUBDIVIDE TO SUIT s /FFERED AS :ONED AND 3ERVICED s 4RUCK 3TOP )NDUSTRIAL #OMMERCIAL s !CCESS ON TO AND OFF OF (WY s &ULL (IGHWAY &RONTAGE s Asking: Contact LIsting Broker
VANCOUVER • LOWER MAINLAND • VANCOUVER ISLAND SECTION
2.24 ACRES FOR DEVELOPMENT MULTIFAMILY/COMMERCIAL LANGLEY, BC $2,450,000
Even tightly-held portfolios in play as surging prices signal an ideal time to be cashing out SPECIAL SECTION • A22
LIFESTYLE PROPERTIES
200th Street
Subject Property
Highway #1 Interchange
s 0RIME CORNER SOUTH OF (IGHWAY ON TH 3TREET s &UTURE INVESTMENT OPPORTUNITY IN AN ACTIVE DEVELOPMENT AREA s /PTION TO PURCHASE ADDITIONAL PARCELS FOR LARGER DEVELOPMENT
GARY NIESNER DON MACDONALD 604-534-7974 or 1-800-890-9855
Build on the Power of Our Network. Over 350 Offices Worldwide.
PUBLICATIONS MAIL AGREEMENT 40069240 RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2
WASHINGTON INVESTOR/BUILDERS ALERT! 30 LOT SUBDIVISION IN MT. VERNON First time on market in Mt. Vernon Washington Completed plat of 30 lots - at and ready to build on For sale at 1.8 million (60,000 per lot)
Call Mike (604) 288-7473 For yer see www.copacrealestate.com
A2 Lower Mainland
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
CANADA`S BEST VALUE WESTWARD INN
JAMESON HOUSE AAA OFFICE SPACE FOR SALE
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ROGER LEGGATT MAX ZESSEL
DON DUNCAN*
MARK TREPP* BOE IRAVANI
ERNIE CORLETT
FOR SALE - 61 ROOM HOTEL WITH RESTAURANT
STRATA UNITS FOR SALE HARBOURSIDE LANDING
6 SEPARATE LEGAL TITLES TOTALLING OVER 116 ACRES
86,000 SF ON 9 ACRES IN PORT KELLS
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FREESTANDING OFFICE BUILDING FOR SALE
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IDEALLY LOCATED FREESTANDING BUILDING
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10.18 ACRE INDUSTRIAL SITE FOR SALE OR LEASE TILBURY BUSINESS PARK DOWNTOWN/COAL HARBOUR STRATA UNIT
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RANDY SWANT* LEE G HESTER*
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PHILIP CHENG
MANNING PARK RESORT & SKI INVESTMENT/OWNER-USER CENTRE OPPORTUNITY
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CHRIS DRIVER*/ BRETT AURA DON DUNCAN*
DAVID CANNING BRAD NEWMAN-BENNETT
MARK GALLAGHER
BILL HOBBS*
BILL RANDALL*
BURTON VAN ALSTINE* HUDGE PARMAR*
FOR SALE - RARE DOWNTOWN PROPERTY
CORNER PROPERTY, FREESTANDING BUILDING
LANDMARK WHISTLER INVESTMENT OPPORTUNITY GARFINKELS NIGHT CLUB
MULTIFAMILY DEVELOPMENT SITE
FREESTANDING BUILDING IN MAPLE RIDGE
FOR SALE - MULTIFAMILY DEVELOPMENT SITE COURTENAY
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ERIC WALKER ERNIE CORLETT
KYLE WILSON CRAIG HAZIZA***
FOR SALE - NANAIMO LONG LAKE PLAZA
FREESTANDING BUILDING ON HASTINGS STREET FOR SALE
SMALL FREESTANDING INDUSTRIAL BUILDING METROTOWN
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NIC GREEN/PHIL HEARN
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BILL RANDALL* NOAH FREEDMAN
KYLE WILSON CRAIG HAZIZA***
ADAM FRIZZELL
WOOD LAKE DEVELOPMENT SITE
BURNABY MOTEL/ DEVELOPMENT SITE
NANAIMO DEVELOPMENT SITE
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SOLD
PETER GIBSON*
KYLE WILSON DAVID POTTINGER
RICK EASTMAN*
MARK GALLAGHER HUDGE PARMAR*
BRETT AURA
BRETT AURA
FOR SALE - 63 ACRE INDUSTRIAL SITE
86.85 ACRE DEVELOPMENT SITE NOT IN ALR
FOR SALE - 32860 MISSION WAY, MISSION
FOR SALE - FULLY LEASED FREESTANDING OFFICE BUILDING
DEVELOPMENT SITE MULTIFAMILY
INN ON THE WATER, SQUAMISH
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BRETT AURA CRAIG BALLANTYNE*
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BILL HOBBS*
HUDGE PARMAR* MARK GALLAGHER
BILL RANDALL*
MAX ZESSEL ROGER LEGGATT
DAG MEYER
LANGLEY DEVELOPMENT SITE
FOR SALE - HARRISON HOT SPRINGS
FOR SALE - WILLOW CALE ROAD, PRINCE GEORGE
FOR SALE - HARRISON HIGHLANDS, KENT
FOR SALE - 65.53 ACRES CHETWYND
TOWNHOUSE DEVELOPMENT SITE
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BILL RANDALL*
BILL RANDALL*
BILL RANDALL*
50% LEASED t -PDBUFE OFBS )JHIXBZ UI JOUFSDIBOHF t BDSF TJUF JO $BSWPMUI #VTJOFTT 1BSL t $PNNFSDJBM JOEVTUSJBM BOE IPUFM VTFT QFSNJUUFE t "TLJOH
MICHAEL HARDY BRETT AURA
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BILL RANDALL*
Moving with confidence
Cushman & Wakefield Ltd. Suite 700 - 700 West Georgia Street P.O. Box 10023, Pacific Centre Vancouver, BC V7Y 1A1
T: 604.683.3111 www.cushmanwakefield.com www.vancouverlisting.ca
* Personal Real Estate Corporation **Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. ***Craig Haziza is licensed with CAH Realty Inc. and has a contractual relationship with Cushman & Wakefield Ltd. ****Kevin Meikle is licensed with K.H.M.Realty Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. *****Bart Corbett is licensed with BG Corbett Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, it is not guaranteed by Cushman & Wakefield.
BRETT AURA CRAIG BALLANTYNE*
$0/5&/54 "13*- 7"/$067&3 Â… -08&3 ."*/-"/% Â… 7"/$067&3 *4-"/% 4&$5*0/
41&$*"- 4&$5*0/ Â… " LIFESTYLE PROPERTIES
FEATURES 11 0/ 5)& $07&3 4PDJBM NFEJB UJNF TVDL
On the cover Robyn Hanson of Think! Social Media in Yaletown: expert urges real estate agents to tap into neighbourhood sites. Photo: Richard Lam
"%7&35*4*/( %*3&$503:
Many poke-around realtors just wasting their time
15 "CCPUTGPSE SPMMT PVU UIF SFE DBSQFU
“Business-friendly� centre a new real estate hot spot
#64*/&44 0110356/*5*&4
8 4&37*$&4 21 4&" 50 4,: 46/4)*/& $0"45 3&(*0/
Download a PDF of all our Regional Roundups online at www.westerninvestor.com
18 /PX B TFMMFS¤T NBSLFU JO .FUSP SFBM FTUBUF
Vendors see opportunity to cash out at high prices
2–21 -08&3 ."*/-"/% 3&"- &45"5&
22–27 7"/$067&3 *4-"/% 3&"- &45"5&
COLUMNS
6 8&45&3/ 1&341&$5*7& 20 7&/563& '*/"/$*/( 5*14 '03 5)& 1*5$) 27 %0/& %&"-4
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6 0 4 - 6 6 9 - 8 5 0 0 o r 1 - 8 0 0 - 6 6 1 - 6 9 8 8 f a x : 6 0 4 - 6 6 9 - 2 1 5 4 i n f o @ w e s t e r n i n v e s t o r. c o m w w w. w e s t e r n i n v e s t o r. c o m 1 0 2 E a s t 4 t h A v e n u e , Va n c o u v e r, B . C . V 5 T 1 G 2
BELLINGHAM WAT E R F R O N T I N V E S T M E N T $33,000,000
3 new office buildings located on the waterfront in Bellingham. Long term triple net leases paid monthly with 3% annual increases. Yearly net income $2,393,947. Must see! For qualified buyers only, please.
For more information, call our office.
RON BENNETT COMMERCIAL REAL ESTATE Ron Bennett
SUTTON GROUP WEST COAST REALTY
(USN Ret.)
CALL
/ Owner - Broker
604-817-7338
Don Munro
ACREAGES
ACREAGES
LANGLEY 6842 202B Avenue & 6868 202B Ave s 0RIME 4OWNHOUSE $EVELOPMENT 3ITE s $ESIGNATED 50! WITH UNDERGROUND OR STRUCTURED PARKING s %XCELLENT 6IEW 0ROPERTY CLOSE TO ALL !MENITIES 3837 240th Street s !CRES OF WHICH APPROXIMATELY IS IN TREES AND NATURAL SHRUB s SQ FT WHEELCHAIR ASSESSABLE HOME s HOME IS IN ORIGINAL CONDITION SO WILL NEED UPDATING s HOME IS REPORTED TO BE SOLIDLY BUILT WITH X AND X CONSTRUCTION s 25 :ONING 48th Avenue & 216th Street /PEN TO /FFERS s !CRES TWO PARCELS s 0OSSIBLE &UTURE 0OTENTIAL 889 Lefeuvre Road s !CRES s -USHROOM &ARM s 3HOP #OMPOSTING &ACILITY s 'ROWING "ARN -ULTI 5SE "UILDING 27691 Downes Road s !CRES s 0OTENTIAL "ERRY ,AND s ,ARGE 3HOP "ARN 3TORAGE
✓ VALUE FOR $
1-360-671-9440 U www.RonBennett.com
256th Street & 48th Avenue s !CRES IN A 'REAT LOCATION s "EAUTIFUL CLEARED LEVEL BUILDING SITE s )MAGINE THE LUXURY OF PLANNING YOUR DREAM FROM SCRATCH VS COMPROMISED BY EXISTING DETAIL s :ONED 25 7437 253rd Street s !CRES s SQ FT BEDROOM HOME s UPDATED YEARS AGO s SEPTIC lELD RE DONE YEARS AGO s SEVERAL PADDOCKS SHELTERS AND A HOG FUEL RING s X COVERALL BUILDING s X SHOP WITH VOLT POWER s X BARN WITH STALLS AND TACK ROOM
✓ GOOD RETURN
ACREAGES
COMMERCIAL/INDUSTRIAL
CHILLIWACK
SURREY/LANGLEY BORDER
51140 Ruddock Road .OW s !CRES s 0OTENTIAL FOR ,OTS s 02)#% $2!34)#!,,9 2%$5#%$
1 & 2 - 5492 Production Blvd EACH s SQ FT EACH s LARGE OVERHEAD DOOR s AMP PHASE PANEL IN EACH UNIT s OFlCE FRONT WITH UV lLTERED GLASS MEZZANINE WITH LARGE X WINDOWS LARGE SHOP AREA s FORCED AIR GAS FURNACE IN SHOP ELECTRIC HEAT IN OFlCE s WILLING TO SELL 5NITS TOGETHER OR WILL DIVIDE
7640 Nixon Road "RING ALL /FFERS s !CRES W LOG HOME LARGE SHOP s PRIVATE LOCATION 700 Columbia Valley Road s !CRES s 0RIME &ARM ,AND s "UILD YOUR DREAM HOME HERE
CHILLIWACK
COMMERCIAL/INDUSTRIAL
7455 253rd Street s !CRES s SQ FT BEDROOM ONE STOREY WITH PARTIAL BASEMENT HOME s RENOVATIONS YEARS AGO s SQ FT SHOP WITH LOFT AND TWO SINGLE CAR GARAGE DOORS s SECOND DWELLING IS A SPLIT LEVEL BEDROOM HOME WITH SQ FT UPPER mOOR AND SQ FT BASEMENT 7700 240th Street /PEN TO /FFERS s 2ECENTLY 2EMODELLED s !CRE PANHANDLED SHAPED LOT s ,ARGE SQ FT BEDROOM RANCHER s SQ FT "EDROOM "ASEMENT 3UITE s JETTED TUBS UPSTAIRS DOWNSTAIRS
botsold@intergate.ca
SURREY 11151 Bolivar St & 13340 112 Ave $2,750,000 s !CRES ON CORNER s :ONED #() (IGHWAY #OMMERCIAL 19518 32nd Avenue s !CRES IN #AMPBELL (EIGHTS s $ESIGNATED "USINESS /FlCE 0ARK
LANGLEY 203-20771 Langley Bypass $750,000 s SQ FT COMMERCIAL STRATA s &ULLY LEASED s %XCELLENT )NVESTMENT 0ROPERTY
✓ TENANT COVENANT
44085 Yale Road West s !CRES s #LOSE PROXIMITY TO 4RANS#ANADA (WY s - :ONING SALES MANUFACTURING DISTRIBUTION WAREHOUSING FOOD PROCESSING OUTSIDE STORAGE ALLOWED 8495 Aitken Rd, 8565 Aitken Rd & 8579 Aitken Rd EACH s ACRE )NDUSTRIAL 6ACANT ,OTS s :ONED - 3ERVICE )NDUSTRIAL s 0 ERFECT FOR SMALL BUSINESSES 8558 Chilliwack Mountain Road s ACRE 6ACANT )NDUSTRIAL ,OT s :ONED - 'ENERAL )NDUSTRIAL - (EAVY )NDUSTRIAL s ,EVEL LOT WITH A COMPACTED GRAVEL BASE s 'REAT ,OCATION 'REAT 0RICE 44109 Yale Road West s !CRES s (OME AND LARGE SHOP s #LOSE PROXIMITY TO (IGHWAY s - :O NING
✓ UPSIDE
✓ CAREFREE
A4 Lower Mainland FORRES PACIFIC PROPERTY MANAGEMENT YOUR PARTNER FOR SUCCESSFUL REAL ESTATE INVESTING PROPERTY MANAGEMENT AND CONSULTING SERVICES FOR THE LOWER MAINLAND AND FRASER VALLEY
SCOTT ETTLES DAYTIME EVENING
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
PRIME CONDO SITE
settles210@aol.com
BOB SCRAGG 604.290.2906 | bscragg@macrealty.com
4.4 - 8.8 acres with all services.
FOR SALE: INDUSTRIAL STRATA UNITS
Great location in Surrey with views. Surrey/Langley border at Willowbrook. Walk to shopping, amenities and transit.
604 576 4407 604 724 1787
www.forrespacific.com
Macdonald C ommer cial Real Estate Services Ltd.
Email:
EastClaytonProject@yahoo.com for info package
FOR SALE / 1275 LEASEW.: OFFICE 75th Ave,BUIDLING Vancouver
3075 Willow, Vancouver
‡ INDUSTRIAL STRATA UNITS,
SURREY:
‡ OFFICE
BUILDING, BURNABY:
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FOR SALE: WAREHOUSE/SHOWROOM/OFFICE
FOR SALE: FREESTANDING BUILDING
METRO VANCOUVER
HIGH DENSITY DEVELOPMENT SITE ‡ 8369
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RIVER WAY, VANCOUVER:
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Langley Events Centre
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FRASER HWY, ALDERGROVE:
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FOR SALE: 102 ACRES PRINCE GEORGE
The "Maples" is strategically located in the heart of Langley on the rapidly growing 200th Street corridor with bus. parks/commercial dev. directly across from the Langley Events Centre, it offers major highway #1 connections with two bridges to Vancouver. The total development site has the potential of approx. 32 acres of land designated in the OCP for High Density Residential/Commercial featuring a "High Street" with shops, services, and multi-family housing including hi-rises.
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BOB SCRAGG _ EVFUDJJ#PDFUHDOW\ FRP GARY WEBB 604.714.4780 | www.rgarywebb.com
FOR SALE : INVESTMENT OPPORTUNITY
FOR SALE: RESTAURANT LAND & BUILDING
For More Information: Contact:
DEAN LAPOINTE at 604-617-8889
or email:
deanlapointevancouver@gmail.com
www.mapleslangley.com Westburn Realty
FOR SALE . ASED BE LE DETAILS Y A M L FOR CAL
‡ 180 MAIN ST, VANCOUVER: ‡ 4856 48 TH AVE, LADNER: ‡ %XLOGLQJ VL]H VT IW ‡ 6HDWV LQGRRU RXWGRRU SDWLR ‡ /RW VL]H VT IW ‡ /LTXRU /LFHQVH ‡ VHFXUHG X J SDUNLQJ VWDOOV ‡ ,QFOXGHV IL[WXUHV HTXLSPHQW ‡ %& *RYHUQPHQW 7HQDQW ‡ & &RPPHUFLDO ‡ 1HW ,QFRPH ‡ $VNLQJ 3ULFH ‡ $VNLQJ 3ULFH GARY WEBB _ JZHEE#PDFUHDOW\ FRP
RARE GOLF COURSE OPPORTUNITY FOR SALE | ERIC POON & KELVIN LUK
81,260 sq.ft. R&D
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ERIC POON / KELVIN LUK FOR SALE: KITSILANO INVESTMENT | ERIC POON
1521 WEST 4TH AVE
BUILDING AT UBC
Corner lot of 5,650 sq ft. Cash business included. $2,475,000 * Stage 2 Completed * Call Larry Traverence 604-787-7654
3800 Wesbrook Mall provides an excellent environment that will support and enhance the intellectual and social development goals of companies involved in R&D. Laboratories, ofďŹ ces, teaching, training, and conference facilities, in support of research and development in a number of key areas. OFFERS
Kris Pope 604-318-5226 NIGHT CLUB IN WHISTLER VILLAGE Newly renovated, 2 level Night Club/Pub right in the heart of Whistler Village. $499k Call Kris or Larry for details.
WANTED Investment property $500,000 to $1.500,000 with close to a 6+ cap, retail only, strata ofďŹ ce possible, Greater Vancouver or Kelowna, quick close for a good property. Call Kris Pope 604-318-5226
Larry Traverence 604-787-7654 FOR LEASE 725 Eaton Way Approx 9,200 sq ft warehouse with approx 3,800 sq ft ofďŹ ce space. Attractive rates.
Larry or Kris 604-689-8226
Dexter Associates Realty Commercial Real Estate, Your Trusted Advisors “We are focused on achieving the results YOU want.�
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COURT ORDERED SALES | BRIAN TATTRIE & GARY KHAN ‡ UHWDLO VWUDWD XQLWV /DQJOH\ 5('8&(' ‡ 2IÀFH %XLOGLQJ 1HZ :HVWPLQVWHU /LVW 3ULFH SOLD
BRIAN TATTRIE _ GARY KHAN FOR SALE: KELOWNA GOLF RANGE - Land, building & business | GARY KHAN ‡ /DQG EXLOGLQJ EXVLQHVV IRU VDOH $SSUR[ DFUHV LQ $/5 ‡ /LVW 3ULFH 5('8&(' GARY KHAN
FOR SALE: LITTLE MOUNTAIN CHILLIWACK - 59 Lot Subdivision | GARY KHAN ‡ ORW VXEGLYLVLRQ /LWWOH 0RXQWDLQ &KLOOLZDFN PRICE REDUCED ‡ /LVW 3ULFH GARY
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SALES . LEASING . STRATA MANAGEMENT . PROPERTY MANAGEMENT
www.macdonaldcommercial.com Vancouver 604.736.5611 Fraser Valley 604.590.2444 commercial@macrealty.com Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
Lower Mainland A5
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
APARTMENT BUILDING SPECIALIST WEST SIDE
EAST VANCOUVER
CLOVERDALE
8 Units/Cambie Corridor Completely Renovated Gross Income $122,892
8 Unit Apartment Building Penthouse with views and decks Gross Income $84,546
36 Unit Apartment Building Large, bright suites. Gross Income $331,942
NEW WESTMINSTER
PORT ALBERNI
WEST SIDE
21 Unit Apartment Building Completely Renovated, Views Gross Income $235,885
43 Units/2 Buildings Close to amenities Gross Income $222,893
11 Unit Apartment Building All corner units, well maintained Gross Income $109,534
Plus many other listings! Please visit our website at www.billgooldrealty.com for more information.
604.263.2823
STRATA OFFICE SALE/LEASE
RETAIL SALE/LEASE
INDUSTRIAL SALE
INVESTMENT STRATA
1396 Richards Street, Vancouver 30,000 sq ft lot, 2/3 of a city block DD-L1 zoning 150,000 sq ft buildable density Operating business included with sale
3410 Lougheed Highway, Vancouver 552–6,696 sq ft Attractive pricing Quality concrete office construction Close to SkyTrain/Broadway Tech
906 Main Street, Vancouver 4,314 sq ft on two levels )JHI FYQPTVSF DPSOFS JO USFOEZ MPDBUJPO 3FTUPSFE IFSJUBHF CVJMEJOH t )JHI DFJMJOHT (BT t QBSLJOH TUBMMT
1523 East Pender Street, Vancouver 3,653 sq ft warehouse/office building PO Y MPU t 'VMMZ GJOJTIFE DFJMJOH IFJHIU t (SBEF MFWFM MPBEJOH Enclosed secured parking
1779–1799 Kingsway, Vancouver 3,005 sq ft ground floor strata )JHI FYQosure corner location $362 per sq ft Fully leased until Dec 31, 2015
Tom Bakker, James Bayley
Anthony Lux, Don Mussenden
James Bayley, Meghan Kennedy
Mitch Ellis, Ryan Saunders
Conor Finucane
STRATA OFFICE SALE/LEASE
INDUSTRIAL SALE
INVESTMENT OPPORTUNITY
INDUSTRIAL SALE/LEASE
INDUSTRIAL SALE
205 - 1742 West 2nd Avenue, Vancouver 1,039 sq ft fully improved office space 0QFO BSFB t ,JUDIFOFUUF t )JHI DFJMJOHT )BSEXPPE GMPPST t 0QFOJOH XJOEPXT Private storage
226 - 17 Fawcett Road, Coquitlam 2,920 sq ft unit Tilt-up concrete construction Air-conditioned offices Grade loading
7464 Hume Avenue, Delta 20,884 sq ft facility 0.92 acres of land Fully leased Single tenant
239–241 E. 1st Street, North Vancouver Prime Lower Lonsdale location 9,600 sq ft building on 6,000 sq ft lot 4,800 sq ft available immediately for sale or lease
2231 Vauxhall Place, Richmond 13,638 sq ft freestanding building on 0.65 acres Concrete tilt-up construction 3 grade level loading doors )JHI DFJMJOHT t GMPPS PGGJDF CVJME PVU
Jason Marriott
Steve Caldwell, Phil Gibbons
Anthony Lux, Casey Bell
Rand Thomson
Casey Bell, Anthony Lux
STRATA UNIT FOR SALE
INDUSTRIAL SALE
DEVELOPMENT SITE
INDUSTRIAL SALE
INDUSTRIAL SALE
44 %
SO LD
PRIME DEVELOPMENT SITE
NE W
LI ST IN G
Hume Ave
King
George Blvd
21320 Westminster Hwy, Richmond 3,005 sq ft fully leased industrial strata unit (SBEF MPBEJOH t "TTJHOFE QBSLJOH Approximately 19’ clear ceiling height Lease expires February 28, 2015
11871 Horseshoe Way, Richmond 2,665 sq ft )JHI RVBMJUZ XBSFIPVTF PGGJDF VOJU XJUI dock level loading Riverside Industrial Park
13061 King George Boulevard, Surrey 5.34 acre site Residential/Industrial per OCP Between Scott Road & Gateway stations NEW PRICE!
203 - 9875 192nd Street, Surrey 1,760 sq ft 21’ high ceilings &YDFMMFOU BDDFTT UP )JHIXBZ Close proximity to amenities
54370 Bridal Falls Road, Chilliwack 14.165 acres Development potential &YQPTVSF BOE BDDFTT UP )JHIXBZ QIBTF QPXFS t $PWFSFE TUPSBHF BSFBT
Casey Bell, Anthony Lux
Casey Bell
Rand Thomson, Sebastian Espinosa
Sebastian Espinosa
Rand Thomson, Sebastian Espinosa
For more information on our available properties and range of commercial real estate services please contact us today. Tel: (604) 684 7117
www.dtzvancouver.com
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 veriďŹ cation. DTZ Barnicke Vancouver Limited, Real Estate Brokerage 04/2012.
A6 Lower Mainland/Business Opportunities
APRIL 2012 WESTERN INVESTOR
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#
ritish Columbia is often heralded as the province that other Canadians want to move to. The mountains, the ocean, the relatively balmy climate; the place where the flower count happens in Victoria while most everywhere west of the Rockies remains in a winter deep freeze. Yet an amazing number of people are leaving B.C. and less are moving to “la la land.� In fact, in the past year, the total number of other Canadians moving to B.C. would have fit on a city bus. For the first time in nearly a decade, B.C.’s interprovincial migration gains have melted into losses. In 2010 to 2011, only 190 people, net, packed up and move to B.C. from the east. This compares with a net gain of in-migration of 8,700 a year earlier and more than 14,000 annually from 2006 to 2008, according to Statistics Canada. What went wrong? B.C. still has the climate and scenery and, barring Vancouver’s unique method of celebrating a Stanley Cup final, warm and welcoming people. What B.C. doesn’t have are the highpaying job opportunities that can now be
found in Alberta and Saskatchewan, which is where most B.C. migrants are heading. In the past year, for instance, nearly half of the 4,000 B.C. residents who left the province went to Alberta. We understand the lure. Last month in Calgary we had dinner with a group of young men who had left Vancouver to work in the Alberta oilpatch at Fort McMurray. One, a 28-year-old electrician, received a $50,000 signing bonus when he started work. Both he and a friend, a fellow tradesman, expected to earn $150,000 annually in Fort Mac, where the unemployment rate is near zero. Another young father, a journeyman millwright, claims he is earning $20,000 a month. Would they come back to Vancouver? Not likely. As one said, “I can’t afford to buy a house in Vancouver on the wages they pay and the taxes they charge.� Ian Cook, director of research and learning with the BC Human Resources Management Association, notes that many of B.C.’s best-paying jobs aren’t in Vancouver or Victoria but in rural areas of B.C. “It’s not like a choice of Vancouver and Calgary, but a choice between Calgary and Fort St. John.�
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It is not likely that B.C.’s brawn and brain drain will end any time soon. Both Alberta and Saskatchewan are in the midst of a long-term resource boom and are posting the lowest jobless rates in the country. Fortunately for Vancouver, B.C. is still attracting immigrants, the vast majority of whom settle in major metro markets. But even here there are indications that skilled immigrants may arrive in Vancouver at first, then move east for employment. How does B.C. reverse the population exodus? It starts with encouraging resource jobs – like approval of northern pipelines and mining – and cutting red tape and taxes that stunt business development. The latest migration numbers are a wakeup call that B.C. must be more than just a pretty face.
/&95 .0/5) Western Investor takes a close look at recreational real estate. We tour the fast-changing U.S. housing scene. We continue our Investing 101 series, and our regional reporters file from Campbell River, the central Okanagan, Medicine Hat and Saskatoon.
Publisher Cheryl Carter Editor Frank O’Brien Contributing Writers Dave Husdal, Harry Jaako, Geoff Kirbyson, Glen Korstrom, Joel McKay, Peter Mitham, Kevan O’Brien Copy Editor Noa Glouberman Production Manager Rob Benac Production Natalie Reynolds, Tanya Van Advertising Sales Christine Campbell, Gary Takahashi, David Witherspoon Advertising Sales Coordinator Angela Foster Accounts Receivable Yvonne Posch Circulation Veera Irani, Newsstands Globe Distribution Services Printed in Canada at Kodiak. Western Investor is published monthly by BIV Media Limited Partnership VANCOUVER – HEAD OFFICE: 102 East 4th Avenue, Vancouver, B.C. V5T 1G2 Subscriptions and Advertising Sales Tel: 604669-8500 Fax: 604-669-2154 Canada/U.S. tollfree: 1-800-661-6988. Canadian publications mail product sales agreement #40069240, GST #105655567. Copyright 2002. While every effort is made to ensure the accuracy of articles and advertising that appear in each edition of Western Investor, the publisher may not be held responsible for any errors or omissions that may from time to time occur. No part of this publication may be quoted or reprinted in any medium without the express written permission of BIV Media Limited Partnership.
ADVERTISING DEADLINE MAY 2012 issue: April 16, 2012
FRANK O’BRIEN EDITOR wieditor@biv.com
COMMERCIAL BUILDING A-1 maintenance. Fraser Valley. 6 cap. Only $1,350,000 INVESTMENTS Vancouver: Hotel, shop, ctr. site, townhouse dev. prop., mixed use comm’l/res site Port Moody: Strip mall. Langley: Motel, townhouse dev. site. Surrey: Central City comm’l. dev. site.
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RAY LEWIS West Coast Realty LANGLEY
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604-812-9733
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620 SEYMOUR ST.
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678 E. HASTINGS ST.
21 WATER ST. - THE PACKING HOUSE • SIX STOREY PLUS LOWER LEVEL, COMMERCIAL OFFICE AND RETAIL BUILDING • PROMINENT CORNER GASTOWN LOCATION AT WATER AND CARRALL ST. • CHARACTER INVESTMENT PROPERTY IN GASTOWN • LOT SIZE: 13,647 SF (APPROX) • ZONING: HA - 2 LIST PRICE: PLEASE CONTACT THE EXCLUSIVE LISTING AGENT
350, 356 & 360 CARRALL ST. • EXCELLENT GASTOWN RETAIL UNITS • PRIME OWNER OCCUPIER/INVESTMENT OPPORTUNITIES • NEWLY RE-DEVELOPED MIXED-USE BUILDING • LARGE RETAIL DISPLAY WINDOWS • UNIT SIZE: APPROX 863.27 SF TO 1,808.34 SF (AS PER STRATA PLAN) • ZONING: HA - 2 LIST PRICE: FROM $325,000
LD O S
1-15 W. CORDOVA ST.
33 W. PENDER ST. Development (3 CRU'S)
LD O S
611 POWELL ST.
LD O S
57 E CORDOVA ST.
• FREESTANDING LIGHT INDUSTRIAL BUILDING • OWNER OCCUPIER / POTENTIAL INVESTMENT OPPORTUNITY • MAIN LEVEL PLUS BASEMENT STRUCTURE • EXCELLENT VISIBILITY ON POWELL ST. • LOT SIZE: 6,100 SF (APPROX) • ZONING: DEOD LIST PRICE: $1,550,000 • PREMIER GASTOWN MAIN LEVEL LIVE/WORK UNIT • EXCELLENT STREET FRONTAGE AND VISIBILITY • CHARACTER SPACE WITH BRICK AND BEAM • OVERSIZED WINDOWS FOR AMPLE NATURAL LIGHT • UNIT SIZE: 1,726.53 SF (APPROX) • ZONING: HA - 2 (HISTORIC GASTOWN AREA)
LIST PRICE:
$849,000
ROBERT THAM s MARC SAUL s Corbel Commercial Inc. www.corbelcommercial.com U Tel: 604.609.0882 U Fax: 604.609.0886 U Info@corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully veriďŹ ed. All measurements quoted herein are approximate.
Lower Mainland A7
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
For more information visit our website
Vancouver Office 604 687 7331 s
www.avisonyoung.com
s
FEATURED LISTING FOR SALE – Dollarton Business Park - 197 Forester Street, North Vancouver
FOR SALE – Abbotsford Industrial Land s 2ARE SERVICED LAND s :ONED )NDUSTRIAL #OMMERCIAL s AND ACRE SITES s TO ACRE SITES s ,OCATED AT -T ,EHMAN 2D "ROOKSIDE !VE s M TO 4RANS #ANADA (WY
s "RAND NEW STOREY STRATA OFl CE m EX INDUSTRIAL BUILDING s ,OCATED IN .ORTH 6ANCOUVERgS FASTEST GROWING COMMERCIAL HUB s 5NIT SIZES FROM APPROX SF SF FULL m OOR
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FOR SALE – 1102 Commercial Drive, Vancouver s 2ARE OPPORTUNITY TO SECURE A CORNER LOCATION s %NTIRE PROPERTY LEASED TO A SINGLE TENANT WITH TRIPLE NET LEASE s "ELOW MARKET RENTS WITH OPPORTUNITY TO REPOSITION THE 0ROPERTY s ,EASE HAS h$EMOLITION 3UBSTANTIAL 2ENOVATIONv CLAUSE .BSL )BOOBI 3PC (SFFS FOR SALE/LEASE – 1455-1475 East Georgia Street, Vancouver
s SF s &OUR STOREY s -IX USE BUILDING s LEASED WITH LONGTERM LEASES
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FOR SALE – Village Square, Bowen Island s /PPORTUNITY TO ACQUIRE THE MARQUEE COMMERCIAL PROPERTY s SF OF COMMERCIAL SPACE AND RESIDENTIAL RENTAL UNITS s #ORNER LOCATION WITH HIGH EXPOSURE TO FERRY TRAFl C s (IGH OCCUPANCY AND ATTRACTIVE CASH m OW YIELD
.BSL )BOOBI 3PC (SFFS FOR SALE – Pacific Colonade – 11965 Fraser St., Maple Ridge
s n SF OF /Fl CE WAREHOUSE AVAILABLE s ) ,IGHT )NDUSTRIAL ZONING s $OCK AND 'RADE LOADING s
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SOLD – HIGH EXPOSURE RETAIL INVESTMENT 689 Denman Street, Vancouver s (IGH END RETAIL BUILDING ON CORNER OF $ENMAN 3TREET 7 'EORGIA 3TREET s $IRECT DAILY EXPOSURE TO VEHICLES s RESIDENTS WITHIN KM RADIUS s 0ROMINENT PEDESTRIAN CORRIDOR NEAR ENTRANCE TO 3TANLEY 0ARK
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3PC (SFFS .BSL )BOOBI FOR SALE – Washington Apartments – Courtenay, BC
s /Fl CE 2ETAIL "UILDING s )DEAL FOR 5SERS )NVESTORS s 0RIME LOCATION ALONG $EWDNEY 4RUNK 2D NEXT TO #ITY (ALL s ACRE SITE WITH FUTURE REDEVELOPMENT POTENTIAL
s UNITS s !TTRACTIVE ASSUMABLE #-(# &INANCING s /PPORTUNITY TO BUILD ADDITIONAL RENTAL UNITS ON THE SITE
3PC (SFFS $ISJT 8JFTFS
.BSL )BOOBI 3PC (SFFS FOR LEASE – 11125 124th Street, Surrey
FOR SALE – 9781 186th Street, Surrey
s SF OF DISTRIBUTION PRODUCTION SPACE DEMISABLE s %XCELLENT PARKING AND ACCESS TO 3KY4RAIN s 2AIL POTENTIAL WITH 329
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FOR SALE – 13056 114th Avenue, Surrey s ACRES OF INDUSTRIAL ZONED LAND s %XCELLENT SIGNALLED ACCESS TO NEW 3OUTH &RASER 0ERIMETER 2OAD AND +ING 'EORGE "LVD • BDSF
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FOR SALE – 9532 194A Street, Surrey E D IC CE PRDU RE
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FOR SALE – 2405 – 2427 Crescent Way, Abbotsford s !CRES s 0ERMITS IN PLACE FOR A UNIT -ULTI &AMILY DEVELOPMENT s !BILITY TO BUILD A SIX STOREY UNIT DEVELOPMENT s .EXT TO NEW - !BBOTSFORD #OLLEGIATE 3CHOOL s
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FOR LEASE – CANADA WAY BUSINESS PARK s 0ROMINENT ANCHOR TENANT OPPORTUNITY AVAILABLE SKY SIGNAGE s ,ARGE m EXIBLE m OOR PLATES n UNITS FROM n SF s !BUNDANT AMENITIES INCLUDING ON SITE PROPERTY MANAGEMENT SECURITY HIGH RATIO PARKING FOOD SERVICES s 3HUTTLE SERVICE TO 3KY4RAIN STATION
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FOR LEASE – Merchant Square, 1 Eighth St (@ Columbia St), New Westminster s 0REMIER SF #LASS ! OFl CE SPACE MID COMPLETION s ,%%$ 'OLD ENERGY EFl CIENT OFl CE BLDG W LARGE m EXIBLE m OOR PLATES s !DJACENT .EW 7ESTMINSTER 3KY4RAIN STATION %BSSFMM s !BUNDANT PARKING AMENITIES SPECTACULAR VIEWS )VSTU
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FOR SALE – Investment Development Opportunity Pantec Mini Storage - Bellingham, Washington
s s s s
s "UILDINGS n !VAILABLE 3EPTEMBER s &LEX OFl CE INDUSTRIAL UNITS FROM SF
FOR SALE – 2342 Windsor Street, Abbotsford
s &LEX /Fl CE INDUSTRIAL UNITS FROM n SF s .ORTH 6ANCOUVER S 0REMIER "USINESS 0ARK
PRE-LEASING – NorthWoods Business Park, N. Vancouver
s ACRE LOT WITH SF BUILDING s TON CRANE HEAVY POWER s
FOR LEASE – Capilano Business Park, N. Vancouver
s ACRES IN PRIME 0ORT +ELLS LOCATION s ,IGHT )NDUSTRIAL ZONING s /UTSIDE STORAGE PERMITTED s .JDIBFM 'BSSFMM +PIO &BLJO
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FOR SALE – 144 Lonsdale Avenue R T DE C N RA U T N CO
s s 5NDER CONTRACT s ,OCATED IN LOWER ,ONSDALE NEIGHBORHOOD s SF LOT
.BUU 5IPNBT ,ZMF #MZUI FOR SALE – 701 East Cordova Street, Vancouver s 3& 7AREHOUSE -EZZANINE 3TORAGE s !CRE 3ITE s 3ITE #OVERAGE s %XCELLENT 3IGNAGE /PPORTUNITIES s +PIO -FDLZ 4USVBO 4BEEMFS Avison Young Commercial Real Estate (B.C.) Inc.
A8 Lower Mainland/Services COMMERCIAL MORTGAGES ALSO: Industrial, Multi-Residential & Construction
LEAKY CONDO FINANCING Full Building Repairs, Upgrades & Remediation
BUSINESS LOANS Acquisitions, Expansion, Equipment & A/R
604-552-4392 www.paramountďŹ nancial.biz Marking our 15th YEAR in business !
Roaron Construction “Your One Stop Shop�
s SUBDIVISION CONSTRUCTION s BUILDING ENVELOPE s CONCRETE ASPHALT SEALING s STRUCTURAL REPAIR s ROOlNG WATERPROOlNG s PARKING LOTS PARKADES
604-888-7818
Call Now or Email roger@roaron.com
www.roaron.com
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
" , FOR ALL TYPES OF COMMERCIAL PROPERTY:
UĂŠ ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒĂŠLĂ•ÂˆÂ?`ˆ˜}Ăƒ UĂŠ ˆĂ?i`Â‡Ă•Ăƒi UĂŠ-ĂŒĂ€>ĂŒ>ĂŠĂ€iĂŒ>ˆÂ? UĂŠ ÂœĂŒiÂ?Ă‰Â“ÂœĂŒiÂ? UĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠĂœ>Ă€iÂ…ÂœĂ•Ăƒi UĂŠ ÂœÂ˜ĂƒĂŒĂ€Ă•VĂŒÂˆÂœÂ˜Ă‰`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒ >ĂƒĂŒĂŠ ÂŤÂŤĂ€ÂœĂ›>Â?ĂŠUĂŠ*Ă•Ă€VÂ…>ĂƒiĂŠÂœĂ€ĂŠ,iw˜>˜Vi
HEALTH FOOD STORE Downtown Vancouver, BC Grossing $700K. High CAP Rate Owner Operated for 30 Years Providing all health products. www.TerryYoungHomes.com. CARIBOO RANCH FOR SALE Historic 100 Year Family Owned Cattle, Forestry, Equestrian 4,633 Acres-Fully Fenced Well Cared For Close to Highway, Airport & Railway Close to Schools, Shopping, Community www.BridgeCreekRanchforsale.com
The Origin Group — Mike Lee
604-565-6370 1-877-848-6370 michaellee@origingroup.ca
Terry A Young 604-970-3808 1-800-665-1455 tayoung2011@gmail.com RE/MAX Crest Realty
FUTURE POTENTIAL with 33’ x 122’INDUSTRIAL LOT In Maillardville area of Coquitlam
ADL:G B6>CA6C9 H=DEE>C< 8:CIG: ;DG H6A: $9 MILLION.
Asking $428,900
A>FJDG HIDG: >C 9:AI6 H=DEE>C< 8:CIG: ;DG H6A: $1.59 MILLION. &*!&'. H#;# G:I6>A D;;>8: 7J>A9>C< >C 9:AI6 ;DG H6A: $5.5 MILLION. A6C<A:N 76@:GN ;DG H6A: $119,000. $400k PER YEAR SALES.
Zoned: M1 General Industrial allowing for Industrial Storage and Residential use. Complete the renovation for potential income of $3000/month
B6?DG IDDA 9>: 8DBE6CN ;DG H6A: L>I= A6C9 6C9 7J>A9>C<H $6 MILLION. ADD@>C< ;DG HE68: ;DG/ s Junior Kindergarten, 5000 – 8000 sq. ft. s Furniture, 8000 sq. ft. downtown Vancouver. s 0RODUCE "UTCHER SQ FT. s International News, 300 – 1000 s.f. s 5NCLE &ATIH 0IZZA &IT FOR ,IFE 2ASOEE
Future development, as described on Coquitlam’s OfďŹ cial Community Plan allows for a residential & commercial development when assembled with lot to east allowing +/- 3 stories, a total potential development of 3.5 X’s the lot size. Good future potential!
ADD@>C< ;DG BJAI>;6B>AN =DI:A EGDE:GI>:H s )N 0RINCE 2UPERT s +ITIMAT AND 4ERRACE
Michael Anderson 604.374.1171 b^X]VZa5cdgi]Zgck^h^dcgZVain#Xdb
Call
Matt Gratton 778.554.9100
BILL BABCOCK 604-230-9392 Bbabcock@telus.net
bVii5cdgi]Zgck^h^dcgZVain#Xdb lll#cdgi]Zgck^h^dcgZVain#Xdb
BRITISH COLUMBIA REGION
Brian D. Kennedy 604-331-2211
Jonathan P. Wong 604-331-2218
MORTGAGE FINANCING For all your real estate ďŹ nancing needs www.peoplestrust.com
PRAIRIE REGION
Dennis K. Aitken 403-205-8203
Daniel Stewart 403-205-8202
A9
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
FEATURE Leading developers introduce discount factory outlets to anchor new Metro shopping centres
GLEN KORSTOM/WI STAFF WESTERN INVESTOR early two million square feet of discount shopping is about to arise in Metro Vancouver as Europe’s largest outlet mall developer and a Canadian retail giant square off in the southwest.
/
In Richmond, London-based McArthurGlen Group is planning a 340,000-square-foot mall on a 30-acre site next to Vancouver International Airport (YVR). Further south in South Delta, Toronto-based Ivanhoe Cambridge is proceeding with the 1.2-million-square-foot Tsawwassen Mills, which will anchor the biggest shopping complex in British Columbia. Both centres will be discount-themed malls, bringing U.S.-style factory outlet retail to B.C. for the first time. McArthurGlen’s proposed mall would be off Russ Baker Way on Sea Island on federal government land leased by the airport authority. The airport, including the Russ Baker Way site, is within the traditional territory of the Musqueam First Nation. “We hope to make an official announcement in the next few months,� said Lara Gerrits, who confirmed McArthurGlen and the airport authority are now working toward finalizing the joint-venture deal. Gerrits declined to reveal details of the proposed mall, but McArthurGlen CEO Gary Bond told the International Council of Shopping Centres’ newsletter Value Retail News (VRN) that he wants construction to start in the second half of this year and be completed by 2014. “The advantage of Vancouver is that there is no outlet competition,� he told the newsletter. “Vancouver offers a fantastic opportunity in terms of the partner, the catchment, the location, the economic strength of Vancouver and the tourism potential, in particular as the gate-
way to the Asian consumer.� McArthurGlen has no staff in Vancouver, but Bond said the company plans to build a Vancouver team. His company has developed 20 outlet centres in eight European countries, and the Vancouver mall will likely have similar tenants and design. Some of McArthurGlen’s European malls are known for luxury brands like Hugo Boss, Prada and Calvin Klein, and retail industry insiders expect that the Vancouver mall will have a similar tenant mix. “The proposal has gone under the radar quite effectively,� said Colliers International retail specialist James Smerdon. Smerdon helped McArthurGlen respond to a YVR request for proposals to build a retail facility. He said that part of McArthurGlen’s rationale for building the mall in Vancouver is that the city has fewer square feet of retail space per capita than Toronto. Smerdon’s statistics show that Toronto has 24.11 square feet of mall and power centre retail space per person compared with 13.73 square feet in Vancouver.
looking for value.� Successful mall developer and Aberdeen Centre owner Thomas Fung believes Scott’s strategy is sound. “Discount merchandise is greatly in need in the Greater Vancouver area, as long as the goods are practical and durable and the store has a welcoming atmosphere and comfortable ambience,� said Fung. Fung pointed to a dollar store tenant in his Aberdeen Centre, Daiso, which sells nearly $1 million worth of merchandise monthly. That is an example of how attractive low-cost retailing can be, he said. Fung’s own fashion-based Price Just 4 U, also in Aberdeen Centre, is likely a better example of the kind of low-cost retailing that will go on at Tsawwassen Mills, however. So-called “factory outlet� stores tend to sell brand-name clothing at reduced prices and are run by the manufacturers that produce Reebok, Tommy Hilfiger and the Gap fashions. To balance the project, the smaller Tsawwassen Commons will not have outlet stores. Instead, Property Development Group founder and chair Lawrence Rank said it will have three large anchor tenants that will 5TBXXBTTFO likely include a home-improvement store and That disparity will shrink when two new an electronics store, as well as 30 to 40 smaller Tsawwassen malls open in 2015. Ivanhoe stores. Cambridge plans to build the 1.2-millionsquare-foot enclosed Tsawwassen Mills .PSF DPNJOH adjacent to Property Development Group’s Thomas Consultants managing principal and 600,000-square-foot Tsawwassen Commons. retail consultant Michael Penalosa agreed. Together, they will form B.C.’s largest shop- “There’s opportunity for another regional mall ping complex. in the Lower Mainland,� Penalosa said. Tsawwassen Mills, modelled after Ivanhoe Low vacancy rates at major malls across Cambridge’s 32-acre Cross Iron Mills north of Metro Vancouver leave few options for large Calgary, will be squarely aimed at the discount American retailers who want to lease larger consumer. “About 50 per cent of the retail in footprints, he said. And, while high-end retailour centre will be outlet or value-priced,� said ers rumoured to be thinking about expanding Ivanhoe Cambridge vice-president of new into Metro Vancouver, such as Nordstrom, are development John Scott. likely to locate closer to the urban centre, oth“Discount retail is certainly something that ers are likely to consider opening in a suburban functions well in any economy. People are mega-mall.
Photo: Ivanhoe Cambridge
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Ivanhoe Cambridge’s Tsawwassen Mills in South Delta will be modelled on its Cross Iron mall near Calgary, shown here, which boasts 32 acres under one roof.
Both Penalosa and Scott believe the Tsawwassen shopping centre will be a destination for shoppers, because Canadians flock to U.S. outlet malls such as Seattle Premium Outlets in Tulalip, Washington. Existing Tsawwassen retailers fluctuate between being in denial and being scared that the mall will force them out of business. Many did not see this development coming, given that the 180-acre site was part of the agricultural land reserve. The mega-mall will undoubtedly have some impact on current retailers, even those in what are now community-based strip malls like the 124,000-square-foot Tsawwassen Town Centre Mall. “It’s not a matter of whether it will impact our retailers,� said David Laulainen, Town Centre Mall’s director of communications and business development. “It’s to what degree will it affect us.�◆
-PXFS .BJOMBOE
PUBS
SPECIALIZING IN COMMERCIAL INVESTMENT SALES FOR OVER 23 YEARS
For Sal e
SOUTH OKANAGAN PUB Liquor Store and Building for sale Asking $1,450,000
WE HAVE BUYERS FOR YOUR PROPERTY "BUY-SELL-DEAL WITH SUCCESS"
Chinatown Investment Prop 416 Main Street
Strategic Investment NEW
UĂŠKELOWNAĂŠĂˆ{ĂŠĂ•Â˜ÂˆĂŒĂŠ œ˜`ÂœĂ‰Ă€iĂŒ>ˆÂ?°ÊÊ
ÂœĂ€iĂŠ>Ă€i>°ÊŸLĂ•ÂˆÂ?`ĂŠĂŒÂœĂŠĂƒĂ•ÂˆĂŒÂ˝ĂŠ$11,750,000 UĂŠQUESNELÊ£°ÇÊ VĂ€i]ĂŠĂ“ĂŠÂ˜>ĂŒÂˆÂœÂ˜>Â?Ăƒ]ĂŠ $144,500ĂŠ ]ĂŠ$2.1 M]棊]Ă¤Ă¤Ă¤ĂŠĂƒvĂŠĂŠ ĂŠĂŒÂœĂŠ>``°
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UĂŠPRINCE GEORGEÆÊ££nĂŠ>VĂ€i]{ĂŠ ĂŠ iĂŒĂ€iĂƒĂŠ }Ă€>Ă›iÂ?]ĂŠÂ>LĂ•ĂŒĂƒĂŠ>ÂˆĂ€ÂŤÂœĂ€ĂŒÂŽĂŠ$4,250,000 UĂŠGRAND PRAIRIEĂ†ĂŠÂ“ÂˆĂ?i`ĂŠ"É,ĂŠĂŠ $130,000 ĂƒĂŒ>LˆÂ?ÂˆĂ˘i`ĂŠ ]ʙ¯ÊV>ÂŤĂŠ
Waterfront Pub & Detached Liquor Store Land, buildings and business Prince Rupert, BC $2,500,000 BC’s fastest growing super port city
LOWER MAINLAND Pub & Liquor Store
Opportunities For Lower Mainland Pub Opportunities call:
JOHN JOHNSON
Restaurant For Sale D SOL
Coppertank Grill 3835 Main St Newer restaurant, sports bar, 96 Seats, live music venue. Long term lease. Asking $289,000
Tel: 604-319-2504 Fax: 604-463-5287 PRUDENTIAL STERLING REALTY LTD.
Growth potential in emerging area. High exposure & foot trafďŹ c. Established tenant Asking $1,200,000
Lonsdale Ave, North Van. Income property, 4 stores, underground parking Asking $4,150,000
High Traffic Retail Location D SOL
4363 Main St (at 27th)
Prime investment opp. Ext. renovations. New 5 year lease to experienced bakery. Large 3 bdrm suite. Asking $1,680,000
138 East Pender D SOL
Excellent Chinatown location. Previous bank building. Ready for design renovation. Asking $1,400,000
For more details: Success Realty & Insurance Ltd.
JORDAN ENG (604) 728-0883 JOHN JOHNSON
jordaneng@telus.net
U PRINCE GEORGEĂ†ĂŠÂŁĂ¤ĂˆĂŽĂŠ Ă€i>ĂŒĂŠ-ĂŒĂ€iiĂŒ]ĂŠxĂŠ >VĂ€iĂƒ]棂]xĂ¤Ă¤ĂŠĂƒÂ°v°ÊLĂ•ÂˆÂ?`ˆ˜}]ĂŠ$2.8 MĂŠ->Â?iĂŠ ÂœĂ€ĂŠÂ?i>Ăƒi°Ê iĂƒĂŒĂŠ>``Ă€iĂƒĂƒĂŠÂˆÂ˜ĂŠ ,ĂŠ*>ÀŽ° UĂŠPRINCE GEORGEÆÊÓxÂŁĂŠĂ•Â˜ÂˆĂŒĂƒĂŠ]ĂŠ ÂŁĂŽĂŠ>VĂ€i]ĂŠ$12,500,000 UĂŠPRINCE GEORGEÆÊÊ ĂŽĂŠĂƒiÂŤĂŠ>ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒĂƒĂŠÂŁĂ“Â‡ÂŁĂˆĂŠĂ•Â˜ÂˆĂŒĂƒĂŠ UĂŠSUNCOR / MCDONALDS DISP°ÊÊ {ĂŠĂƒÂˆĂŒiĂƒĂŠÂŁĂŽ]Ă¤Ă¤Ă¤ĂŠĂƒvĂŠĂŒÂœĂŠ{ä]Ă¤Ă¤Ă¤ĂŠĂƒvĂŠ UĂŠRAMADA VALEMOUNTĂŠĂ‡Ă¤ĂŠĂ€ÂœÂœÂ“Ăƒ]ĂŠ>Â?Â?ĂŠ >“iÂ˜ÂˆĂŒÂˆiĂƒ]ĂŠÂ˜iĂœĂŠÂŤĂ€ÂœÂŤiĂ€ĂŒĂž]ĂŠĂƒÂ…>Ă€iĂŠĂƒ>Â?i]ĂŠĂŠ ™¯Ê >ÂŤĂŠ,>ĂŒi UĂŠWILLIAMS LAKEÆÊ*ÂœĂ€ĂŒvÂœÂ?ˆœ\ĂŠĂŽĂˆĂ¤ĂŠ °Ê >V iÂ˜Ă˘Âˆi]ĂŠf{ää]äää]Ê£™äÊ °Ê >V iÂ˜Ă˘ÂˆiĂŠ fĂ“]Çxä]äää]ĂŠ{ÇÊ >“iĂ€ÂœÂ˜ĂŠfÂŁ]ĂŽxä]äää]ĂŠxÓÇÊ-°Ê >V iÂ˜Ă˘ÂˆiĂŠfĂ“]ĂŽxä]äää]ĂŠĂˆĂŠLĂ•ÂˆÂ?`ˆ˜}Ăƒ]ʓi`ˆ>Â˜ĂŠ ĂžÂˆiÂ?`ÊÇ°£xÂŻĂŠ ÂœĂ€iĂŠ œ˜}ĂŠĂŒiĂ€Â“ĂŠĂŒi˜>Â˜ĂŒĂƒÂ° UĂŠQUESNELÆÊ/ ĂŠ,>˜V…ÆÊ* 抣x‡ÓΙ‡{™Ç]ĂŠ ĂˆĂŽxĂŠ>VĂ€iĂƒĂ†ĂŠ+Ă•>ÀÀÞ]ĂŠ/ˆ“LiĂ€]ĂŠ }Ă€ÂˆVĂ•Â?ĂŒĂ•Ă€i]ĂŠ ˆÂ?Â?]ĂŠ >ĂŒĂŒÂ?i]ĂŠ ÂœĂ€ĂƒiĂƒ]ĂŠ œ“iĂŠĂ€>˜VÂ…]ĂŠÂœÂ˜ĂŠĂ€>ˆÂ?ĂŠ ĂƒÂŤĂ•Ă€ĂŠ$6,000,000
PETER SEED 604-691-6608 peter@naicommercial.ca
A10 Lower Mainland Ray Veenbaas LITTLE OAK REALTY 604 309 0257
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
Richard Riemersma 604 309 8541
Call Ray or Richard for all of your Real Estate Needs! email us at richardtherealtor@hotmail.com
"All ofďŹ ces independently owned and operated"
1-800-668-8661
RESIDENTIAL, COMMERCIAL, INVESTMENT & AGRICULTURE
INVESTMENT & REVENUE
FEATURED PROPERTY
NEW WESTMINSTER STORE FRONT Royal Columbian Hospital Showing $32,000/Annual Net Income/yr. Asking $559,900
B.C's Best Hotel Deal!!!
MULTI-TENANT OFFICE BUILDING 12 TENANTS, STABLE INCOME Asking $988,000
Little Oak Realty
BUSINESS OPPORTUNITIES Wee Chippie Fish & Chips In business for 23 years
SOLD
Steak & Seafood Restaurant $189,900
33 ROOMS, RESTAURANT
Thai Restaurant – Most popular in town $188,888
& PUB
Franchise Restaurant (Comes with a 12,000 sq. ft. Banquet Facility) $425,000
STAND-ALONE RESTAURANT Building with proďŹ table Asian Food tenant. Completely updated Asking $799,000
$699,000
Full Service Catering Kitchen w/ Industrial cafĂŠ $599,000
DEVELOPMENT SITE
SMALL WAREHOUSES
MULTI-TENANT BUILDING WITH 11 TENANTS Yielding $120,000 Fully Net Income Asking $2,425,000
98 UNIT MULTI-FAMILY SITE Close to shopping centres, hospital, recreation and lake side walking trails Asking $2,900,000
730 sq. ft. (secure, gated) $119,900 1063 sq. ft. + 450 sf mezz. $179,900 2,000 sq. ft suitable for growing medical marijuana $224,900
TF 1-800-668-8661
#9–2630 Bourquin W., Abbotsford
"EACH OFFICE INDEPENDENTLY OWNED & OPERATED"
Each office is independently owned and operated.
MISSION
SILVER CREEK INDUSTRIAL PARK
s FOR LEASE! 3Q &T s SQ FT TRIPLE NET s "UILDING LOCATED IN 7EST -ISSION S .EW 3ILVER #REEK )NDUSTRIAL 0ARK s 3TRATA WAREHOUSE IDEAL LOCATION FOR YOUR BUSINESS s 0OTENTIAL FOR ADDED SQUARE FOOTAGE ON ND LEVEL s #LOSE TO ALL LEVELS OF TRANSPORTATION Call GARY FRAIPONT 604-466-2838 RE/MAX LIFESTYLES Realty RE/MAX LIFESTYLES REALTY FRAIPONT & MANYK gary@rltylink.com lorraine@rltylink.com bus: 604.466.2838
View our Virtual Tours: www.rltylink.com
PROFITABLE, SUCCESSFUL, ESTABLISHED FAMILY OWNED BUSINESS specializing in take-out
PIZZA and PASTA PRODUCTS Sales increasing daily! Offered at $595,000
Restaurant - 5000 sq. ft.
Priced for immediate sale! $100,000 ;dg 9ZiV^aZY >c[dgbVi^dc EaZVhZ 8dciVXi/
IAIN MACDONELL
RE/MAX SELECT PROPERTIES
(604) 328-3929
WWW.MACDONELLS.COM
MOTEL 30 rooms well established, good location, building in excellent condition. $1,165,000 GAS STATION, building land equipment included, all updated 3.5 ac land 5 legal lots. Additional buildings on the properties. $1,288,000 RESTAURANT, 27 years in business. Building, land and equipment included $800,000 WHOLESALE BUSINESS VANCOUVER, over 35 years in operation, good location, handling many exclusive products. $48,000 plus stock Please call
(604) 328-3929
Cell: 604-961-5665 richard@expertrealty.ca www.expertrealty.ca
WWW.MACDONELLS.COM
R E TA I L O F F I C E S PA C E Units # 102 & #103 - 7445 120th St Delta, BC
RICHARD PODGURSKI
RE/MAX Masters Realty
RESTAURANT BUSINESS C H I L L I WA C K , B C
Sales of $1.45M per annum Existing franchise restaurant New owner may opt out of the franchise.
;dg 9ZiV^aZY >c[dgbVi^dc EaZVhZ 8dciVXi/
IAIN MACDONELL
RE/MAX SELECT PROPERTIES
QUESNEL, BC
t .BKPS TIPQQJOH SFTUBVSBOUT OFBSCZ t ;POJOH BMMPXT GPS B XJEF WBSJFUZ PG VTFT t DFJMJOH IFJHIU QIBTF QPXFS TUPSFGSPOU TJHOBHF 102 1125 sq.ft. MLSÂŽ #F3200369 $459,000 103 1231 sq.ft. MLSÂŽ #F3200298 $439,000
MIKE SIDHU
604-831-2500 RE/MAX Performance Realty
Franchise Opportunity Blenz Master Franchise in Vancouver, Vancouver Island, Ontario & Alberta Blenz Franchises ... $139,900, $297,800 - $488,800 Steamrollers Franchise Available Steamrollers Franchise Vancouver.$319K (Davie St.) Wired Monk Individual Franchise Opportunity Wired Monk ......................................... $99K, $169K, Wired Monk New Franchises - Vancouver ................................ $262K-$350K depending on location Sandwich Tree master franchise opportunity $235K Casa Del Sole CafĂŠ ...............................................$169,000
www.matthewmoadebi.com www.vancouverfranchise.ca
Matthew Moadebi 604-329-6771 (Cell) m.m7430@gmail.com
Rare opportunity! First time offered, Owners retiring after 22 years! This 120+ seat restaurant is truly one of Chilliwack's most respected & renowned family dining destinations. Iconic visual exposure in the heart of town w/ no franchise fees. Well established w/reasonable lease rate makes this turn-key operation perfect for a family-run venture or the budding entrepreneur.
Bring your ideas & dreams and call Janet Kirkpatrick today for details.
JANET KIRKPATRICK T F: 1-800-830-7175 Tel: 604-858-7179 Fax: 604 858 7197
RE/MAX NYDA REALTY
Each office is independently owned and operated.
A11
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
COVER Unless real estate pros get smart with it most are just “adding to the noise� without adding value
4PDJBM NFEJB UJNF TVDL PETER MITHAM
'JWF TPDJBM NFEJB UJQT GPS SFBMUPST
WESTERN INVESTOR
That’s the message Rick Bakas of San Francisco-based Bakas Media delivers when addressing industry groups keen to leverage social media and the dramatic shift to mobilephone use across North America for marketing and commerce. With communications increasingly going mobile and tablets displacing desktop computers, Bakas urges companies to have a social media strategy even if it’s as simple as a page where people who use mobile devices can land and learn more about your winery. In many ways, it’s not unlike 15 years ago when companies wondered whether or not a web page was important. As Bakas told a recent social media symposium in Vancouver: if consumers are there, companies should be there, too. But closing the gap between emotion and experience means building relationships – not an easy task for companies selling real estate, typically a long-term investment rather than a consumable like wine, coffee or analgesics designed to soothe aging, aching joints. People may consider a neighbourhood a desirable place to be or to invest, but the choice isn’t something they consider every day; they just live with it, focusing instead on elements within the community.
'PVSTRVBSF Robyn Hanson, senior community manager at Think! Social Media in Yaletown, said Metro Vancouver is home to plenty of neighbourhood bloggers touting the attributes of their local communities. Many social media-savvy residents use Foursquare and other applica-
Photo: Richard Lam
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se mobile to close the gap between emotion and experience.�
Robyn Hanson, senior community manager at Think! Social Media in Yaletown: realtors slow to recognize the opportunities of connecting with a neighbourhood.
tions to let others know where they’re at, which services they’re using, and to leave tips and reviews for others. Real estate bloggers haven’t leveraged the power of these applications to become “neighbourhood ambassadors� (as Hanson calls them), however. “No real estate agents are in there taking advantage of those opportunities. It’s mostly just other locals,� she said. The absence reflects issues Hanson saw as a consultant two years ago, just as real estate agents began embracing social media. Hanson was often contracted to instruct companies how to use social media effectively. “[Realtors] would be using, say, Twitter or a blog to advertise their listing or their open houses,� she explained. “They weren’t looking at it as an opportunity to showcase being a neighbourhood ambassador or an expert on a particular area, such as Vancouver. They were adding to the noise but they weren’t actually
adding any value.� Real estate agents needed to make the shift from traditional, one-way, broadcast communication channels to the polyphonous channels social media offered. Online relationshipbuilding was becoming more sophisticated, too, in tandem with the effectiveness of spam filters and dropping effectiveness of banner ads. (Bakas points out that click-through rates have plummeted from upward of 70 per cent a decade ago to a mere 1 per cent to 3 per cent today. Some online experts say the click rates are now even lower than 1 per cent.) Vancouver real estate agent Ian Watt, who regularly addressed real estate conferences three years ago regarding his groundbreaking video blog, is among agents that recognized and have taken steps to respond to the shift. “I went gung-ho, and then I pulled back. People just have this block up regarding selling online,� he said. “Social media’s not dead but
ere are five effective social media tactics for real estate agents: 1. Property Search tool with a Facebook Page: This technique allows visitors to search your available properties right from your Facebook page. A fundamental aspect of any realtor’s website is the property search tool, so it makes sense to allow customers to use this tool without leaving Facebook. 2. Youtube Channel: Youtube Channels can be powerful if done professionally. The Geo Location function uses your computer’s IP address to pinpoint your whereabouts, then displays the most relevant videos in your channel (for example, your latest real estate video tour). 3. Youtube App for Facebook Page: Get a Youtube app for your Facebook page. Everything you upload to your Youtube Channel will automatically be fed to your Facebook page, making it easy for visitors to view your clients’ properties. 4. Geo Location Keyword Search: Tools like Hootsuite have this fantastic feature that allows you to keyword search for potentially prime customers who are looking for property in a particular area. 5. Linkedin to Find Clients: LinkedIn will help you find landlords, property developers, home-builders, etc., so that you can rent or sell those properties on their behalf. – Mark Paddock,social media marketing consultant and trainer getprosocial.com
Please see “Big spam� page A12
-PXFS .BJOMBOE FOR SALE
++-3-8):15/ 9;++-99
INDUSTRIAL PROPERTY DELTA, BC
IͳI ZONE, 11,680 SF BUILDING ON ½ ACRE ...................................................$1.699M
SEYMOUR RESTAURANT FOR SALE 2400 SF .................................................. $480,000 W EST 4T H AV E R ESTAU R A N T FO R SA L E 2000 SF ...................................... $460,000
WEST 4 AVE RESTAURANT FOR SALE 1800 SF .................................................. $250,000 LASER & ESTHETIC BUSINESS FOR SALE GREAT REVENUE, MINIMAL MANAGEMENT .................................................. $120,000 SUB LEASE 3400 SF 61 WEST 7TH AVE ........................... $11.25/SF + OPERATING
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2 LIQUOR STORES FOR SALE SALES $4M & $2.7M .....CALL FOR DETAILS
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Alex Yuen (PREC)
Dir: 604.338.1800 O: 604.926.6718
alex@alexyuen.ca
A12 Lower Mainland
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
¡#JH TQBN¢ from A11
www.danpreston.ca Personal Real Estate Corporation ,!.$ !33%-",9 s $%6%,/0-%.4 s ).#/-% 02/0%24)%3
COMMERCIAL R E A L E S TAT E S E R V I C E S SENIOR'S DEVELOPMENT SITE SALE: $1,990,000 Foundation in place, tendered plans, permits, ready to complete. 88 units. City hall tax audit of $1m+.
NEW WEST/BURNABY MIXED DEVELOPMENT 39 Apartment Units, 7 Townhouse Units $2,850,000 OCP & Area approved plan. Joint Venture Opportunities Considered.
30 ACRES Residential Mountain Top 44 Estate Homes - $5.5M Your specialist in PRIME income-generating and redevelopment opportunities:
the use of it to sell a product or service is.” Twitter was the turning point for Watt, who added the tool to his social media endeavours but then turned his back on it – and approximately 3,000 followers – a year ago. “I felt like the novelty had worn off, and all those people were on Facebook anyway,” he said, saying Twitter has become “a big spam.” Now if he has good information he puts a link out on Facebook, where ongoing relationships can be maintained and cultivated with a select group of people without the need for a steady stream of information or pitches that occurs on Twitter. “My clients, who I always friend, will know I’m in real estate,” he said. “But I do not do it to sell anything. ... [Social media] is peoples’ private areas, and you have to respect that. I tend to unfriend people now who just tend to shove crap down my throat – especially rental agents.” Cultivating long-term relationships is more difficult for developers with relatively short horizons for marketing and selling projects. Sales windows might be 10 months – about the same amount of time it takes for a successful social media campaign to gain traction.
NEED NOW!!!
BUY IN CHILLIWACK
$5 - $15 MILLION SHOPPING CENTRES
NOW IS THE TIME!
Personal Real Estate Corporation lgauthier@sutton.ca
ISTING NEW L
Car Deale
Locatiorsnhip !
Priced to Sell!!
AUTO RECYCLER BUSINESS Gold class certified ................Auto recyclers for sale here is the opportunity to own one of the fastest growing in the greater lower mainland. very rare and hard to find a well established turn key auto recyclers that been in business for over 25 years ! Time has come to retire ! Large inventory of high end salvage and a customer data base of over 3000 customers you will recieve all inventory building,racking property with a 49 year lease and 3 acres of land. $2,200,000 Exclusive Listing
cal tool to cultivate interest and awareness of projects before sales actually begin, if David Allison’s experience is any indication. A principal of Vancouver marketing firm Braun/Allison, Allison frequently hears developers tell him that social media isn’t working as well for them as they might like. “But if we use these as tactics that actually have a strategy behind them then they start to get really, really interesting,” he said. Some are confused as new services start up, such as Pinterest, a new online pinboard that is already ranked No. 62 in web traffic, but which most developers have likely never heard of. It’s a similar story for the tide of smartphone apps laying the foundation for what Bakas and others anticipate will be a mobile commerce revolution in 2014. Half of all online activity is through mobile devices, from smartphones to tablets, which not only allow people to tell their social networks where they are and what they’re seeing but also to click QR codes – the mottled square codes that are growing in presence – to discover more about products and places. “If you put a QR code on your [showroom] door it gives people a link on their phone that takes them to some photos and pricing and availability information,” Allison said, noting that it gives people something to explore even when staff members aren’t available. “Perhaps you’ll do a better job of getting them to return, rather than having them just face a blank door.”◆
“Social media’s not dead but the use of it to sell a product or service is.”
sibilities for what is effectively a single fulltime position: overseeing the firm’s social media activities. Staff members directing efforts on each of the firm’s projects also feed content into the social media arena for each new development. McNeill candidly admits that the actual payback on the efforts is difficult to track; he prefers to say the firm has simply responded to the changing environment and channelled its efforts into each new area. “We’re touching our customers five to 10 1BZCBDL times before they make a decision to purchase,” This is where MAC Marketing Solutions Inc. he said. “It does help create a groundswell, and has sought to build a reputation for itself rath- it does help spread the word.” er than individual projects, forging links with Social media is best deployed as a tacti-
Lindsey Gauthier 604-798-2977
agents in the market so that any projects it takes on benefit from its own reputation. “We’re focused on trying to build an audience that’s interested in listening to a voice that’s an authority on real estate,” said Cameron McNeill, principal of MAC. “The lifespan of a real estate project is finite and to develop an audience takes a lot of time. We find that we have an advantage, that it’s more of a corporate relationship than a project relationship.” Defining the payback is something else, however. MAC has two people sharing respon-
DAKOTAS – Approx. 4 years old 45955 & 45961 Yale Rd. Body Building 11,992 sq.ft. Land 1.001 Acres GREAT FOR CAR LOT! 5 Bays, Showroom, offices, Great Exposure with lots of parking in this area of town. So much potential with this property, to many to list. The lots are zoned CS1(Service Commercial). Call Lindsey for additional info 604-798-2977 $1,850,000 Exclusive Listing
CED
REDU
Going Concern in busy Shopping Center with Safeway, Liquor Store, HSBC, & Envision Bank. This Restaurant is gorgeous! 5,605 leasable space. Includes all chattels. Over $800,000 in tenant improvements. If you are looking for a restaurant this has EXCELLENT VALUE. Good customer base, asset sale only, you would never be able to build this restaurant for anywhere near this price. $199,000 MLS® H3100137
MECHANIC SHOP In Chilliwack
Established Automotive Shop Business, Land & Building for sale in busy area of Chilliwack. Great Clientele, Superior Location, and Fantastic Exposure. This is a great investment, and a great Business to take over. This is a money making deal. C2 Zoning! This is a large Freestanding Building with 7 Bays, Modern Clean Building with tons of parking. The building is over 5,000 square feet with 2 floors. Call Lindsey for more information. $1,650,000 Exclusive Listing.
MLS® H3100324
45787 YALE ROAD CROSS COUNTRY GROCERY Building and Land includes 2 Businesses. Store is excellent for mom and pop or family operation, well established clientele, very clean business. Business includes Grocery Store, Gym, Tanning and bare lot. 2 titles to the property, and the business! Awesome Deal! Call for Complete Details, and package. $569,000 MLS® H3100373
Perfect for your building supply, glass company, or retail business. Building is over 12,000 sq.ft. and has new siding, new windows, and a new elevator. Downstairs is 6,147 sq.ft. and has a large showroom, offices, and upstairs has 4 leased tenants in offices. Parking on a fenced .935 acre lot. This property was appraised at 2.2 million. Vendor is a motivated Seller. $1,750,000 MLS® H3100328
LEASE SPACE AVAILABLE $18-$19.50 16,640 sq.ft. Strip Mall on the busiest street in Chilliwack - completely renovated w/ new addition & façade. Excellent traffic count, great exposure & visibility from road. 78 surface parking stalls w/ mall access from Yale Road. Available for lease $18-$19.50 per sq.ft., 5,866 & 5,802 & 1553 sq.ft. Able to make smaller units if requested. Building & Property also for Sale. Building can be stratified – sold in 1 or 3 units. Sale Price: $3,950,000
BUSINESS FOR SALE
7870 ENTERPRISE WAY Just Collect the Rent!!! Building approx. 5 years old, 12,566 sqft Building, 31,279 sqft Lot. Busy industrial area of Chilliwack close to the new Eagle Landing and Hwy exposure. Well maintained. PRICED TO SELL! HARD TO FIND PROPERTY!!! $2,125,000 Exclusive Listing
8989 CHARLES STREET M2 ZONING 1.58 Acres of M2 zoned property, best suited for industry and industrial sales activity. House already on the property which is perfect for a rental income or office for your business. Prime area with lots of room to build. Possibilities are endless with this property with road frontage, rail spur, and located in town. MLS® H3120026 $1,250,000
Just collect the rent on this 3 bedroom, and 4 one bedroom apartment. The building is close to bus routes, and all the amenities. It is a 2 story multifamily apartment with a full unfinished basement. Parking located in the back of the building, and the building has lots of updates. This is a must see property, and a great investment for the experience or new investor. MLS® H3100371 $459,000
LAND ONLY
GEM BLASTING In the same location for 20 years specializing in superior quality blasting , better alternative to sand blasting & acid dipping . Asset sale – equipment and steady clientele. Owner retiring. New Listing $65,900
CLEVELAND
8424 AITKEN ROAD Rare find!!! 14.685 Acres of undeveloped land, next to the railway tracks. Good access to Trans Canada Highway #1. The zoning is currently M4 (Heavy Industrial Zoning) - allows for Warehousing, Heavy Industrial, Storage & much more. Municipal water & sanitary services are at the road, flexible zoning. Strong development activity around Highway 1 Business Park, Progress Way Business Park and Cattermole Industrial Estates. $3,600,000 Exclusive Listing
Lindsey Gauthier Personal Real Estate Corp.
44703 YALE RD/44698 CHALMER PLACE M2 ZONING 1.66 acres in 2 titles, zoned M2 (Service Industrial) in absolutely prime location. Highway 1 exposure, access of Yale Rd. or Chalmer Place (cul-de-sac). Set in the heart of the Industrial area with easy access to the City and national transportation routes. Zoning allows for wide variety of uses including warehousing, light manufacturing, food processing, sales, and more. Offered at a highly competitive price of approx. $25 per sq.ft. THIS IS A GREAT DEAL! $1,799,900 MLS® H3100190
GauthierTeam.com
showplace realty ltd.
Lower Mainland A13
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
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www.naicommercial.ca Commercial Real Estate Services, Worldwide.
RICHMOND s $EVELOPMENT SITE &RANCIS 2D 2AILWAY $4.8 Million
BEAUTY BOUTIQUE & ACCESSORIES (Vancouver) 6ERY WELL KNOWN CELEBRITY BOUTIQUE SPECIALIZES IN MAKEUP SKINCARE UNIQUE BRANDS .............................................. UNDER CONTRACT $228 000 + inv
s #OMMERCIAL 2ETAIL 'ARDEN #ITY #AMBIE $7 Million
BLUEBERRY FARM & NURSERY (Abbotsford) -ATSQUI mATS ACRES S F NEW HOUSE .....................$1.98Mil
VANCOUVER
MOTEL PUB LIQUOR STORE (Vancouver Island) ,AKE FRONTAGE ROOMS SEAT PUB RESTAURANT LIQUOR STORE 2EVENUE MIL ........................................................................$2.8Mil
s #ONCRETE "UILDING 'EORGIA -AIN SOLD
$7.8 Million
RICK LUI 604-644-6182 rick@naicommercial.ca
www.naibusinesses.ca HALCYON HOT SPRINGS VILLAGE & SPA 9EAR ROUND OUTDOOR PLAYGROUND WITH SPECTACULAR FACILITIES 0ROlTABLE RESORT SPA BUSINESS WITH NATURAL HOT SPRINGS ACRES WITH M WATER FRONTAGE AND STRATA CHALETS "USINESS AND PROPERTY $15,900,000 VANCOUVER ISLAND RESORT & SPA NEW LISTING 0ROlTABLE RESORT LODGE AND SPA OFFERING WORLD CLASS DINING AND SPECTACULAR OCEAN VIEWS 3ITUATED ON ACRES OF OCEANFRONT PROPERTY WITH FUTURE DEVELOPMENT POTENTIAL $POA NEW LISTING VALEMOUNT RAMADA HOTEL ROOM 2AMADA HOTEL LOCATED IN THE HEART OF THE #ANADIAN 2OCKIES #AP RATE $4,200,000 NEW LISTING SUCCESSFUL CUSTOM MILLWORK ,OWER -AINLAND BASED BUSINESS AVERAGING M IN REVENUE AND EMPLOYEES. $2.9m inc working cap ENGINE DISTRIBUTION CO 7ESTERN #ANADA ESTABLISHED DISTRIBUTOR OF MARINE AND INDUSTRIAL ENGINES AND RELATED PRODUCTS 3TRONG EARNINGS HISTORY TRAINED STAFF AND EXCELLENT PRODUCT LINES $2,500,000 inc inv & equip NIGHTCLUB BAR & GRILL +OOTENAYS !WARD WINNING NIGHTCLUB IN THE +OOTENAYS /NE OF THE LARGEST LICENSED ESTABLISHMENTS IN "# WITH POPULAR RESTAURANT $550,000 VANCOUVER DINNER CRUISE BUSINESS ............REDUCED )N BUSINESS FOR OVER YEARS OPERATING TWO YACHTS FROM $OWNTOWN 6ANCOUVER .ETS $1.85m inc yachts HAIR & BEAUTY SALON ,OWER -AINLAND 3UCCESSFUL FULL SERVICE BEAUTY SALON IN TRENDY AREA 3TRONG REVENUE STAFF 0OSSIBLE TO RUN ABSENTEE $258,000 + inv SUCCESSFUL CAFE RESTAURANT (UGELY POPULAR CAFE IN DOWNTOWN 3QUAMISH !PPROX + ANNUAL REVENUE 2ENT ONLY MTH %ASY TO OPERATE 4URNKEY OPERATION $299,000 inc equip
ALF SANDERSON DELON CHEUNG 604-691-6646
604-691-6654
alf@naicommercial .ca
delon@naicommercial .ca
42 SUITE APARTMENT BD, KAMLOOPS s 'ROSS )NCOME #AP 2ATE s 6ERY ATTRACTIVE ASSUMABLE #-(# MORTGAGE !SKING $3,850,000 MOBILE HOME PARK, KAMLOOPS s %XCELLENT LOC MIN DRIVE TO MAJOR MALLS s 'ROSS 2EV #AP 2ATE OF !SKING $1,725,000 MINI STORAGE BUSINESS, MERRITT s 'ROSS )NCOME .ET )NCOME 0RICE $1,300,000 BC CARE HOME s 7ELL ESTABLISHED WITH LONG TERM 'OV CONTRACTS !SKING $2,399,000 CRANBROOK RV & MINI STORAGE s !CRES EXPANSION OPTIONS TO DOUBLE NUMBER OF UNITS s 'ROSS 2EVENUE .ET !SKING $1,750,000 16 UNIT MFU, PORT ALBERNI s YEAR OLD BUILDING RENTED DEVELOPED TO BE 3TRATA !SKING $1,115,000
MICHAEL MARCKWORT 604-691-6638 michael@naicommercial.ca
HOME ACCESSORIES & FURNITURE (Surrey) &RENCH CLASSIC CONTEMPORARY TOUCH 0ROlTABLE .........................$99K + Invi
ELIZABETH WOZNICZKO 604-691-6648 elizabeth@naicommercial.ca OFFICE STRATA FOR LEASE OR SALE Asking: To Purchase: $1,798,000 To Lease: $35.00 NNN s 4HE ONLY UNIT AVAILABLE IN THIS SOUGHT AFTER 3/,$ /54 PROFESSIONAL CENTRE s 4ROPHY SUITE DEVELOPERS OWN TOP mOOR WITH EAST SOUTH VIEWS s 1UALITY IMPROVEMENTS WITH EXECUTIVE OFlCES RECEPTION BOARDROOM LUNCHROOM AND OPEN CUBICAL AREA s SQ FT FOR SALE LANGLEY FRASER HIGHWAY FRONTAGE COMMERCIAL STRATA UNITS 2 TO CHOOSE FROM s SQ FT READY FOR YOUR IMPROVEMENTS s (6!# AND SPRINKLERS TO AN OPEN PLAN s Asking $635,000 s SQ FT s )NCOME FROM CURRENT LEASE UNTIL s Asking $749,000
EQUIPMENT RENTALS Metro Vancouver s ,ONG ESTABLISHED s 6ERY 0ROlTABLE s &ULLY MANAGED s MIL ANNUAL SALES Shares $3.0mil EMPLOYMENT AGENCY Metro Vancouver s 4EMP 0ERM PLACEMENTS s %STABL YEARS SOLD s -ANAGEMENT IN PLACE s MIL ANNUAL SALES s 6ENDOR lNANCING AVAILABLE $319,000 GARAGE DOOR REPAIRS & SERVICE ,WR -NLD (OME BASED RESIDENTIAL GARAGE DOOR REPAIRS SERVICE BUSINESS %STABLISHED YEARS REPEAT CUSTOMERS )DEAL BUSINESS FOR A FAMILY OF TWO .ETS TO A FATHER SON TEAM Shares $239,000 DOLLAR STORE FRANCHISE &RASER 6ALLEY s 3INCE s (IGH EXPOSURE IN LARGE MALL SOLD s MIL ANNUAL SALES .............................. $358,000+Inv
TED STELLAKIS 604-691-6692 stellakis@naicommercial.ca "52.!"9 s .%7 7%34-).34%2 s #/15)4,!KINGSWAY RETAIL SHOWROOM: SQ FT $6500 PER MO LOWRISE DEVELOPMENT SITE + RESIDENTIAL LOT $1,980,000 RESTAURANT: SEAT 6ICTORIAN $1,425,000 INCL. BLDG
INDUSTRIAL STRATA FOR SALE OR LEASE 102/103 26730 56 AVE LANGLEY Asking: To Purchase $650,000 To Lease $7.50 NNN s SQ FT FOOTPRINT WITH SQ FT OFlCE AND SQ FT MEZZANINE s REAR GRADE DOORS s - ! :ONING OFFICE STRATA FOR SALE OR LEASE HIGHWAY 10 AND 152 STREET LOCATION Asking: To Purchase $519,900 To Lease ... s 3Q &T s RD mOOR SOUTH FACING s 2EADY FOR YOUR IMPROVEMENTS s "/.53 n 0OLE SIGNAGE AVAILABLE s &INANCIAL 0LANNERS OR -ORTGAGE "ROKERS NOT RESTRICTED CAP-IT WESTERN CANADA FRANCHISES AVAILABLE s OUTLETS CURRENTLY IN OPERATION s 4RUCK #AP AND ACCESSORIES INCLUDING 4IRES s &ULL TURNKEY OPPORTUNITY INCLUDING 4RAINING AND )NVENTORY s "# !LBERTA 3ASKATCHEWAN AND -ANITOBA TERRITORIES AVAILABLE s 3IZED TO lT ANY MARKETPLACE s &ROM AS LITTLE AS $150,000 ONE HOUR OPTICAL CENTRE !SKING $250,000 PLUS INVENTORY s 7ELL ESTABLISHED YEAR HISTORY s #ONSISTENTLY PROlTABLE s /NLY HOUR SHOP IN THIS .ORTHERN #OMMUNITY s 3OLID BASE WITH GOOD GROWTH POTENTIAL s /WNER RETIRING AND WANTS IT SOLD 99 PAD PHASED MANUFACTURED HOME PARK 100 MILE HOUSE AREA Asking $650,000 s ,AKE !CCESS AND VIEW s "RAND .EW n .O INCOME n ST PHASE READY FOR OCCUPANCY s ACRES PADS IN PHASES s ST PHASE PADS COMPLETED WITH SEWER WATER AND NATURAL GAS s 3ERVICES TO BE EXTENDED FOR OTHER PHASES AS REQUIRED s 'RAVELLED ROADWAYS THROUGH OUT s 0ROFORMA ESTIMATES PAD RENTAL GROSS INCOME OF ANNUALLY
TED WEIBELZAHL 604-514-6825 or 1-800-890-9855 tedw@naicommercial.ca
MINI WAREHOUSE: SQ FT W MEZZ $1850 PER MO HERITAGE OFFICES BY SKYTRAIN: $375 - $3,000 MONTH
DON ELLIS, RI 604-691-6668 donellis@naicommercial.ca 160 Acre Development Site, Abbotsford BC s /NE LEGAL QUARTER SECTION TOTALLING ACRES s :ONED ,5 2 ,IMITED 5SE 2ESOURCE 2ESIDENTIAL s PRICE: $3,900,000 23.3 Acre Agricultural Site, Delta BC s /NE LEGAL PARCEL TOTALLING ACRES s :ONED ! !GRICULTURAL s %ASY ACCESS TO (IGHWAYS s PRICE: $2,400,000 27.6 Acre Agricultural Site, Langley BC s /NE LEGAL PARCEL TOTALLING ACRES s :ONED 2U 2URAL &LOODPLAIN s !DJACENT TO .ATHAN #REEK DYKE s PRICE: $2,760,000
COURT ORDERED SALES 397 Acre Development Site, Sechelt BC s :ONED #$ MIXED USE RESIDENTIAL COMMERCIAL RECREATIONAL s FEET OF WATERFRONT ON 0ORPOISE "AY PRICE: $22,250,000 459.1 Acre Development Site, Cranbrook BC s :ONED #$ 5( 2 ALLOWING FOR LOW MEDIUM DENSITY RESIDENTIAL s 3URROUNDING 'ARY 0LAYER DESIGNED GOLF COURSE PRICE: $22,300,000 1.99 Acre Multi Family Development Site, Sechelt BC s /NE LEGAL PARCEL TOTALLING ACRES s :ONED 2 -ULTI &AMILY 2ESIDENTIAL s OF UNDERGROUND SERVICING IN PLACE PRICE: $1,900,000 116.53 Acre Development Site, Invermere BC s 4RIPLE :ONED 2 ! 3( VARIOUS USES PRICE: $1,499,000 INDUSTRIAL & DEVELOPMENT SITES 43,560 sq.ft. Industrial Waterfront Site, New Westminster, BC s :ONED - (EAVY )NDUSTRIAL s &IVE CONTIGUOUS WATER LOTS s FEET OF RIVERFRONT PRICE: $950,000 29.2 Acre Commercial/Industrial Development Site, Sechelt BC s :ONED #$ "USINESS 0ARK #OMPREHENSIVE $EVELOPMENT ALLOWING FOR VARIOUS COMMERCIAL LIGHT INDUSTRIAL USES UNDER CONTRACT 0.6 Acre Industrial Site, Maple Ridge BC s $IRECT WATER AND (IGHWAY ACCESS WITH ACCESS TO RAIL PRICE: $325,000 s :ONED - 23 ,IGHT )NDUSTRIAL 2ESIDENTIAL 1.82 Acre Multi-Family Site, Sechelt BC s /NE LEGAL PARCEL TOTALING ACRES s :ONED #$ MAXIMUM OF UNITS s $OWNTOWN ,OCATION PRICE: $2,000,000
GARY HAUKELAND OR J.D. MURRAY gary@naicommercial.ca 604-683-7535 jdmurray@naicommercial.ca
Committed to Canada. Connected to the World.
A14 Lower Mainland
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
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WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
REGIONAL ROUNDUP Abbotsford now a hot spot for real estate as traffic, population growth accelerate
*OWFTUPS EFTUJOBUJPO Photo: Abbotsford International Airport Authority
FRANK O’BRIEN WESTERN INVESTOR
8
Dhillon cited the main reason why other real estate investors are now clamouring to get into a city ranked as the third fastest growing in B.C., with a 7 per cent population increase in the past five years. “The area is becoming, with Surrey, the second-biggest urban centre in B.C,” he said. The Abbotsford area now has a population of 170,000, according to Census Canada, which ranks it among the five largest municipalities in the province. The population has doubled in the past 20 years. And real estate investors are taking note. As an indication of what is happening, total Abbotsford building permit values in January soared 225 per cent from a month earlier and 202 per cent from a year earlier, according to the Vancouver Regional Construction Association. The numbers are staggering: residential permits soared 198 per cent; commercial building permits shot up 113 per cent; and industrial real estate permits increased a stunning 717 per cent to $2.7 million – and that is just for one month.
*OEVTUSJBM Industrial action, in fact, is one of the hottest areas in Abbotsford. About 220 acres of land around the busy Abbotsford International Airport is being marketed for aviaton-related businesses and the City of Abbotsford has earmarked 37 other properties in Clearbrook and Peardonville for industrial use. The airport, ranked as the largest secondary airport in Canada with 460,000 passengers annually, is now run by an airport authority that reports to City Hall. “What we’re really trying to assess is the best way to operate the airport,” said Jean-Paul Laube, business development manager for the Abbotsford International Airport. “We’re marketing ourselves as the Fraser Valley’s airport so we view ourselves as having to have the infrastructure in place to go out and bring in business. “The No. 1 priority is maximizing the airport as an economic driver.” An acre of prime land zoned for industrial in Abbotsford ranges from $750,000 to $850,000 per acre, according to local realtors, but some B
Photo: Shape Properties
hen acquisitive Calgary landlord Mainstreet Equities swooped into B.C. last year its major focus was Abbotsford. In a matter of weeks, Mainstreet bought 11 buildings with 731 suites in the Fraser Valley community and is looking for more. “We now control about one-third of the Abbotsford market,” said Mainstreet founder and president Bob RIGHT: Shape Properties is completing a 20-acre, $200 million retail “lifestyle” centre in west Abbotsford. LEFT: About 200 acres of Dhillon, calling it “one of the best rental industrial land is open for development at the Abbotsford International Airport: expect to pay $750,000 an acre for airside lots. investment markets in Canada.” sites can be found in the half-a-million-dollar keep it that way. Tax incentive programs like
range. Sounds expensive, but not when compared with the average of $1.2 million per acre for industrial land in Metro Vancouver. The City of Abbotsford calls industrial space “job development” lands, and it is an accurate moniker. One of the biggest industrial projects this year is an expansion of the Saputo Dairy Products Canada manufacturing facility, worth $2.3 million and about 150 jobs.
¡#VTJOFTT GSJFOEMZ¢ Abbotsford, named last year by the National Association of Office and Industrial Properties (NAOIP) group as the “most business friendly municipality” in B.C., is offering generous tax incentives to attract employers. At the airport, for instance, industrial developers who spend at least $100,000 receive a 100 per cent property tax exemption in the first year, and the exemptions extend out to 10 years. Tax breaks are also used in downtown Abbotsford to encourage new infill commercial construction. “Abbotsford’s economy is strong and we want to do everything we can to
these ensure that Abbotsford remains competitive among other municipalities,” a city release stated. According to a NAIOP survey, it would cost a total of $3.52 per square foot in total civic fees to rezone and develop a 100,000-squarefoot warehouse in Abbotsford, compared with nearly $6 per square foot in Vancouver and $5.35 per square foot in Surrey. Abbotsford also has the fastest approval times in the Lower Mainland, taking an average of 90 days from a rezoning application to putting shovels in the ground for an industrial building, NAIOP found. Along with the tax incentives a strategic projects team was created in 2008 to help identify a small number of high-impact projects for Abbotsford and deliver expedited services to the development community. An example of this strategy is lands around the highly rated University of the Fraser Valley, where former industrial lands are being rezoned for mixed-use retail and residential projects. Land here is going for close to $1
Please see Incentives page A16
-PXFS .BJOMBOE
COMMERCIAL PROPERTY SOLUTIONS Concrete /Asphalt Paving / Curbing
Flooring Grinding / Polishing Systems
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Crack Sealing / Seal Coating / Line Painting
Restoration / Repair / Maintenance
Sidewalks, Paving Stone Repair
Potholes, Cracks, Joints, Grinding, Leveling
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KING
SERVICES GROUP: Office: 604-576-8666
w w w.kingser vices.ca
11+10 UNIT ABBOTSFORD APARTMENT BUILDING Nicely renovated 11& 10 suite apartment buildings in Abbotsford, BC. Great location! Built 1990. Very efficient with low expenses. Asking $1.1M (11 unit) & $1.138M (10 unit) 2.27 ACRES PRIME INDUSTRIAL LAND WITH MINI STORAGE, NANAIMO, BC Fully operating mini storage business with U-Haul franchise on 2.27 acres of land located in a prime light industrial area. Hwy 19 exposure and plenty of street frontage makes this a great holding property and development project. This is the last empty plot of land in the entire area! Asking $2.0M CHILIWACK INVESTMENT CONDOS Chiliwack investment grade strata titled condos. Fully managed with live in caretaker and professional management. Built 1994 with great tenants and low turnover. 1 and 2 bedrooms available. Starting at $135,000
KEVIN NG, MBA B.Sc, Professional Real Estate Agent and Realty Advisor
Toll-free: 1-800-991-1852
For these listings and more, please check out
email: sales@kingservices.ca
or call me at
www.KevinNg.com 604-781-0680 Sutton Westcoast Realty
A16 Lower Mainland LUCRATIVE BUSINESS OPPORTUNITY Best deal in town. Health spa & beauty salon in the heart of busy shopping center on Scott Road, Delta with great exposure & solid client base. Excellent opportunity for new immigrant or entrepreneur to be their own boss. Vendor retiring, must sell. Seller willing to train.
Sam Rakhra 604-761-0172 Kapal Badhan 604-719-4930 For More Details And ConďŹ dential Discussion ROYAL GROUP Tapestry Realty #104-13049-76 Ave
Prime High-Density Development Property in Abbotsford 1.3 acres located just steps away from Mill Lake and Seven Oaks Mall. Contact 604-308-1475 E-mail vasacanada@gmail.com
LORNE CHERNOCHAN 604-880-0550 (cell) lorne@chernochan.com www.chernochan.com CALL OR EMAIL FOR A FULL INFO. SET RICHMOND BEST PRICE ACREAGE INVESTMENT $125,000 per acre FOR THE 36 ACRES!! $1,250,000 each FOR THE 2.5 ACRE PARCELS!! 3 adjoining parcels = 41 acres. 2 STREETS FRONTAGE = 777 feet Current rental income $6,980,000 FOR ALL 3 !! ***************************************************************
INDUSTRIAL STRATA FOR SALE OR LEASE EAST RICHMOND $388,000 TO BUY OR LOW GROSS LEASE RATE 1,997 sf = 1,227 sf warehouse with GRADE load + 750 sf ground oor ofďŹ ces with separate entrance. Newer building in on high exposure street ***************************************************************
HOUSE ON SUBDIVIDABLE LAND ZONED for 2 LOTS IN RICHMOND SOME OFFSITES DONE CURRENT INCOME = $26,000 +/YEAR $1,000,000 WESTCOAST
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
*/$&/5*7&4 from A15 million an acre, says Paul Penner, manager of Re/Max Little Oak Realty and the former president of the Fraser Valley Real Estate Board. “Abbotsford is the biggest sleeper city in B.C., “ Penner said, noting that it is a centre for high-paying jobs. He pointed to the new Abbotsford Regional Hospital and Cancer Centre, aviation giants such as WestJet and Conair and new manufacturing facilities as such job generators.
)PVTJOH Abbotsford’s housing market has taken a hit, but there are signs that it is coming back. Quantum Developers is planning to build the tallest condo high-rise in the city with a 26-storey tower that will start marketing this spring. Polygon Homes of Vancouver is also active in the market, but some other developers – such as Solterra – have put new housing projects on hold until “Abbotsford prices recover,� as a Solterra spokesman said. The median price of an Abbotsford detached house is $400,000 and a typical condo sells for $155,000 – among the lowest prices in the Lower Mainland and about $140,000 less than in neighbouring Langley. Penner, whose staff crunched the numbers, reckoned that, based on travelling times and prices, “the 25-minute increase in drive time from Surrey to Abbotsford equates to a savings of $5,028 per minute, and the 10-minute
POWELL RIVER INVESTMENT O P P O RT U N I T I E S Multi-use Light Industrial Property 1.3 acres with 16 storage bays, office, 21’x41’ shop/bay with 3 phase power. Fully fenced, easy highway access, good exposure, room for expansion, just minutes south of Powell River. $349,900
In-Town Oceanfront Industrial Property Multi-purpose Development Property; 97 acres gently sloping land + approx 19 acres of foreshore with deep water access. $3,100,000
Magnificent Waterfront Acreage 245 acres west sloping land approx. 2700’ waterfront; incredible panoramic views; in ALR $3,100,000
Incredible Location! 132 acres just past downtown core; select areas provide stunning ocean & island views; in ALR $849,000
Ideal Agri-Business Opportunity 102 acres fairly level land; many possibilities; easy access; in ALR $569,900
Great Investment Property 30 acre wooded parcel zoned M3 Industrial; easy access; services available $349,000
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increase from Langley City could save the 2VJDL GBDUT buyer a whopping $14,260 per minute behind the wheel.â€? After a slowdown in late 2011 Abbotsford detached housing sales jumped 18 per cent in 7 7 February, perhaps due to home buyers doing MISSION Fraser River their own math, especially for higher-end âœŞ To Vancouver homes. “You can buy an executive-style house in a premier community, like Eagle Mountain, 11 1 1 for around $700,000,â€? Penner said, noting a ABBOTSFORD similar house in Metro Vancouver would easily âœŞ run to more than $1.5 million. BRITISH COLUMBIA The expansion of the Port Mann Bridge, the Mt. Lehman freeway exchange and the U.S.A. completion of the Golden Ears Bridge across the Fraser River will further reduce com"CCPUTGPSE # $ mute times, Penner noted, forecasting that more Metro home buyers will begin to see City population 123,000 Abbotsford as a best buy. Area population 170,000 The apartment vacancy rate in Abbotsford Median detached house price $400,000 is around 6 per cent, the highest in the Lower Median condo price $155,000 Mainland; but, according to landlords like Acre industrial land $500,000 to Dhillon, this just makes it a prime buying $850,000 opportunity. Acre commercial land $1 million “The [rental] potential is enormous,â€? Dhillon said, adding that you can buy apartment build- Abbotsford, which will include Wal-Mart, ings in Abbotsford and Surrey for less than the London Drugs, Cineplex VIP Cinemas, the construction value. first Marshalls outlet in B.C. and 17 other retailers when it opens next spring. Downtown tax incentives – which include 3FUBJM Developer Shape Properties is among those tax holidays for up to five years – are also who recognize Abbotsford’ potential. Shape is helping to encourage new retail projects in in the midst of developing the $200 million, Abbotsford’s historic core, according to Jay 600,000-square-foot High Street “lifestyleâ€? Teichroeb, manager of Abbotsford’s economic shopping district on a 20-acre site in West development office.â—†
From only
$149,900 NEW CONDOMINIUM - PRIME LOCATION
HIGH-YIELD POSITIVE CASH FLOWS
VERY LIMIT E NUMB D AFTER AVAIL ER ABLE Mortgage, Strata Fees & Taxes Monthly Positive Cash Flow of: 1 Bedroom - Over $300* *(O.A.C., E.& O.E.) 2 Bedroom - Over $450* Let it PAY YOU to own.
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
Lower Mainland A17
A18
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
FEATURE Tight inventory, sophisticated investors put pressure on B.C.’s commercial property owners
4FMMFS¤T NBSLFU BSJTFT JO .FUSP the top 100 real estate deals in 2010 consist of retail shopping centre trades.
RICHARD CHU/BIV WESTERN INVESTOR
#
The top 100 biggest real estate deals in 2011 totalled just over $2.3 billion, down from nearly $3 billion of deals in 2010. As in previous years, the bulk of the total value of the deals originated in the top 50 deals. Last year, those were worth a combined $1.8 billion. That was comparable to the total value of deals in B.C. prior to the global financial crisis, based on Business in Vancouver’s previous lists of biggest real estate deals. The lack of prime commercial properties available for sale was one of the key reasons for the decline in total deal volume last year. “It’s still an excellent market, if you can find product,” said Kirk Kuester, Vancouver brokerage managing director at Colliers International. “Real estate is perceived to be a safe place to be and, for that reason, sellers are challenged in parting with real estate.” Bob Levine, principal at Avison Young, noted that both private and institutional investors are increasingly looking to real estate as a relatively safe asset class in which to invest given the low returns in the fixed-income markets and high volatility in the stock markets. “Your traditional buyers such as pension funds and life insurance companies seem to be putting a greater percentage of their assets into real estate than they have historically. It’s driven by rates of return.” In 2010, many of the biggest deals involved institutional investors rebalancing their investment portfolios, which saw nearly a quarter of
Mark Renzoni, executive vice-president of CBRE Ltd., noted some of that portfolio rebalancing continued into 2011, but the region’s stable real estate market has provided sellers a good exit opportunity. Such was the case for the Sutton Place Hotel in downtown Vancouver that was part of a hotel portfolio sale that included an Edmonton hotel for a total price of $197.5 million. “The vendor saw there was a good amount of liquidity in the market; they felt comfortable that pricing was at a high level and it was time to pull those funds out of the assets,” said Renzoni. “At the same time, you saw the purchaser, [Northland Properties], looking for core assets to enhance their portfolio mix and saw the Sutton Place as a jewel asset that comes around once every couple of decades.” The appetite for cash flow continued to bolster the multi-family investment market. The number of rental buildings in B.C. that made the top 100 list rose to 18 from 10 in 2010, with a total value of more than $291 million, up from $223 million in 2010. Levine noted strong demand among private buyers has kept the market extremely liquid and competitive, especially with Metro Vancouver rental vacancy rates remaining low. “The deals tend to be smaller, but there are tons and tons of people that want to buy. It’s very competitive. It’s probably the most competitive [market] of them all.”
Photo: Northland Properties
$BTI GMPX ritish Columbia’s commercial real estate market remains robust, despite a drop in the total value of the biggest real estate deals last year.
Sale of Sutton Place Hotel in Vancouver among the top deals in the past year.
growth, Renzoni said international buyers continued to be interested in Vancouver’s market, which has contributed to strong real estate prices in the region. “Outside pressure does help move values up, but it’s not necessarily true that they’re going to be the ultimate buyer. It may still be bought by a local or national player.” But if you can’t buy a building, many are deciding to build it. The dearth of available commercial properties has led to a new wave of commercial and mixed-use property development that’s likely to persist for years. Levine suggested the number of new office towers could rise to six or seven from the handful that have been announced so far, which (MPCBM CVZFST While the global markets roiled over the sol- includes Telus Gardens, Oxford’s 1021 West vency of peripheral countries in the Eurozone Hastings, Bentall Kennedy’s 745 Thurlow like Greece and uncertainty over economic Street and Credit Suisse AG’s old stock
exchange building development. On the residential side, developers have also taken big steps to further transform the region with new neighbourhood developments. The number of land or development-related real estate sales on the top 100 list rose from 11 in 2010 to 20 last year, with the total value of sales rising to $517 million from $234 million. Renzoni suggested that the low-interestrate environment is a significant reason for the expected boost in development activity in the region. With low rates expected for at least the next couple of years, the window for development will remain open, further transforming the regional landscape. “There’s a lot of interest in development to add to the office inventory and office holdings of pension funds,” he said. “With the office developments and the residential projects that are planned, we’re probably going to see more cranes in our urban skyline since Expo 86.”
1SJDFT IJHI For all asset classes, it will remain a seller’s market in the region, analysts agree. “Despite our best efforts, the owners today of downtown quality office inventory aren’t interested in selling,” Kuester noted. “They’re interested in buying. There’s tremendous demand, but we continued to be challenged by the continued lack of supply.” A CBRE forecast report suggested Vancouver’s investment market will remain strong across all sectors. The total number of deals in the region is forecast to remain above 1,200 transactions this year. But concerns still remain whether or not the current market is approaching its peak. Levine suggested that concern may result in more willing sellers in 2012 than in previous years, as they try to get top dollar. “Prices aren’t going down by any means, but I have a feeling that the supply this year may be higher than last year because there’s certainly chatter among owners about how high prices can get,” Kuester noted. “A number of owners who aren’t married to their property forever are saying, ‘If I’m going to sell, this is a good time to sell.’ We’re seeing signs of that.”◆
-PXFS .BJOMBOE
Individual Strata Units For Sale at West Lynden Storage Condos
FOR SALE
Available just 6.4 km south of the CAN/US Border!
PORT COQUITLAM 4 LOTS APPROVED FOR SUBDIVISON
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$1,395,000
Strata unit complex perfect for RV Storage Sizes starting at 16’x45’ on up to 1777sq ft
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46 PRIVATE ACRES (2 Titles) $6,250,000
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COMPLEX FEATURES
4 LARGE LOT SUBDIVISION
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$1,599,000
Prices Starting at MAPLE RIDGE
16 ACRES + LARGE HOME
$2,100,000
Please visit our website or call for more details.
monarkinvestments.ca
604-592-7250
Financing Available. Potential Trades.
$65,000
Best Value in the Area!
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2305 Leatherwood Dr - Lynden, WA 98264 6 Ã ÌÊ ÕÀÊÜiLÃ ÌiÊv ÀÊ>Ê6 ÀÌÕ> Ê/ ÕÀtÊÊÊÊUÊÊÊÊÊÊwww.westlyndenstoragecondos.com
Lower Mainland A19
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
MEHRAN MOALLEM B.Elec. Cert. Marketing
778-858- 9025
Business and Commercial Consultant
mehranmoallem@gmail.com RE/MAX CREST COMMERCIAL DIVISION
P R O P E R T Y
OfďŹ ce space Recently remodeled 760 sq ft, central, parking, spent over $50K Lonsdale N Vancouver $399k
Industrial space 1600 sq ft Central location must sell, Rented month to month, make an offer Burnaby $367k
Industrial space 7000sq ft space & land, 2 ofďŹ ces, auto & body shop, hoist, paint room Lynmore North Vancouver $1,998k
Industrial retail "with property" 5000 sq ft & woodworking/ cabinet business Port Coquitlam $1.3 Million
L I S T y o u r B U S I N E S S O R P R O P E RT Y f o r F R E E o n m y W E B S I T E !
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This property is located in the Fraser Valley and has 2 Triple “A� National Tenants on Long Term Lease. The Main tenant is a Farm Equipment Dealership and the 2nd is a Mini Storage Co. Both have been there for the past few years and planning to stay there for a long time.
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marketing your franchise?
Business with property convenience store 1200 sq ft, great locational, equipment & inventory Vancouver $949k
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1-800-661-6988 (604) 669-8500 westerninvestor.com
Fraser Valley Mobile Home Park -42 pad MHP on 5+ acres with RV storage sites and home on city services in Maple Ridge. Asking price $4,000,000 Present cap rate of approx. 5.43% with upside to 5.56%.
Alberta Mobile Home Park Great cash flow (No Rent Controls) -115 pad MHP and 21 RV sites on 17.36 acres Asking price $6,200,000 with cap rate of 9.1% with lots of upside to increase Retail space fully improved 1238 sq ft many uses, ideal for medical, dental or ... Dunbar Vancouver $859k
Lougheed Hwy - Deroche Commercial Building EXCELLENT HWY EXPOSURE .3 Acre corner lot Highway frontage zoned Commercial. 2400 s.f. metal clad building with 2 large bay doors and high ceilings plus small mezzanine. PRICED TO SELL Asking $295,000
PARK OWNERS
-
THINKING OF SELLING?
If you are thinking of selling , please give me a call as I have many qualified purchasers looking for mobile home parks at this time. Confidentiality observed.
Bill Summers Denny’s Great opportunity 5000 sq ft, 12 years, located at busiest shopping centre in the area Greater Vancouver $599k
Direct Line: 604-626-8894 Email: bsummers@telus.net www.sellingmobilehomeparks.com
BOOMING WHITECOURT, AB Renford Inn Motel – 112 rooms, 3.73 acres on hwy. Room to expand. Sales: $1,200,000 List: $4,950,000 38 Acre land Britannia Beach Sea to Sky Highway holding property or build, 45 minutes to Vancouver or Whistler $4.2 million
Industrial Lots by the Airport, any size, over 2 acres. $140/acre Quizno’s Franchise – 5 yrs. operating - 5 yr. lease. Good rev and hwy location. Residential Development, 6.7 acres, good for 32 lots, close to Rotary Park. $575,000 Leo or Brenda at 780-778-6678
Indoor Amusement park 7500 sq ft 3 years Great income, spent over $750K. Laser, bump car, ball room and more. Surrey $469k
Outdoor sign MFG 23000 sq ft 22 years, Great opportunity all under 1 roof, digital, neon, letter channel & more. Greater Vancouver $1.2 Million
WANTED I HAVE QUALIFIED BUYERS FOR DEVELOPMENT LAND, INCOME PROPERTY COMMERCIAL OR RESIDENTIAL
1-800-248-4843
leozelinski@remax.net RE/MAX Advantage WCT www.whitecourtrealestate.com
Distribution Warehouse
B U S I N E S S E S Organic Make up MFG $300k net income
Richmond 6000 sq ft
$2.2 Million 18 years
Print Shop Great Opportunity
Greater Van 6000 sq ft
$695k 20 years
Indoor Amusement Park $350k sales $110k net
Surrey 7500 sq ft
$469k 4 years
Franchise restaurant $600k sales, $90k net
Surrey 2600 sq ft
$299k 5 years
Mill work & Woodworking $500k sales $180k net
North Van 5700 sq ft
$300k 4 years
Coffee Shop & Crepe $220k sales $85k net
Vancouver 1100 sq ft
$129k 12 years
Steak House & Lounge Great opportunity
Vancouver 1250 sq ft
$229k 1 year
UBC FOOD Court $300k sales $85k Net
UBC 450 sq ft
$99k 8 years
Mini Market $1500k sales $150k
Coquitlam 2300 sq ft
$199k 3 years
Convenience store $200k sales growing
Vancouver 1200 sq ft
$89k 1 year
Florist 3 years old, great location
North Vancouver
$69K
WANTED I HAVE QUALIFIED BUYERS FOR MONEY MAKING BUSINESS AND FRANCHISE COFFEE SHOP
www.Bonded Business Brokers.com
Located at Duke Point near Nanaimo this 35000 sq. ft. warehouse is ideally situated for distribution of goods to Island locations. Just 5 years old this building has 22 ft. ceilings, ďŹ ve loading bays, 1800 sq. ft. of ofďŹ ce space as well as a 3 bedroom caretaker suite.
$3.7 Million Corney Les
604-795-6938
RE/MAX Corney Les Realty www.morechilliwackrealestate.com
A20
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
Ten-step plan for raising venture capital begins with tuning your pitch and nailing your business plan
#BDLJOH B TNBMM CVTJOFTT :
ou’re an entrepreneur with a fabulous new business opportunity that will make you, your colleagues and your investors very wealthy. How do you go about raising venture capital?
First let’s set some expectations. On the capital side, the venture capital industry has been down since the dot-com bust 10 years ago. Returns have been dismal, venture funds have gone out of business, many investors have abandoned the venture space and surviving fund managers struggle to raise new capital and try to get liquidity for successful investments in markets that don’t seem to care much. On the venture side, entrepreneurs really have to work to raise serious money today. Gone are the days when a cocktail napkin presentation got you $20 million on a $50 million pre-money valuation. Valuations are very low. Deal sizes are near record lows. Here is a quick list to stick up on the refrigerator to guide you in your quest. 1. Get your introductory pitch tuned. One chance for a first impression? Pretty much. Table stakes for your venture are a game-changing technology or product laserpointed at a large, willing market, but that is not enough. Spit it out into a great one-page quick read that is your elevator pitch. Make it impressive, memorable, believable and easy to understand. Remember: you have to hook your target fast. 2. Nail your business plan. You piqued your investor’s curiosity with a killer summary … now deliver the full story with punch. Write it yourself. Make it passionate, back it up with solid facts, research, competitive analysis and financial potential.
Make sure to complete the reading experience with a strong investment case that includes a realistic value on what you have done so far, investment terms and a realistic exit time frame and valuation. Investors want to know how they can get out before they decide to get in. 3. Play the odds. One out of 100 ventures like yours raises venture capital. Why should you succeed over the others? HARRY Increase your odds by playing the odds. Do exhaustive research on who should be investing in your deal at the stage you are at. Find 10 to 20 of them in Canada, the U.S. or overseas, depending on your deal. Pitch them all as if they were your only date. Get half of them to commit to doing some due diligence. Try to get term sheets from two or three. Seek healthy competition between them or work them to co-invest. 4. Listen to what they say. We may sound like arrogant jerks poking fun at your baby, but we see 500 deals a year just like yours, and we give you the straight goods. Why would we lie? If you don’t make the impact you’re expecting, figure out why. If a pattern emerges from the feedback, such as, “You’re a bit early with your product, your team is too weak, your market plan is fuzzy, we don’t believe your market is ready,” address these comments head on or you won’t get funded. You may need to back off for 90 days and fix the holes in your plan or your deal is dead.
5. Find out what deals are getting done. The venture industry publishes some deal data, but the blogosphere is filled with it. Different local markets have different values for deals that get done. Silicon Valley deals have their terms, as do deals in Ontario, New York, Israel, Boston. And, pulleeze, don’t compare yourself to the tiny number of uber-successful ones like LinkedIn, Zynga or Facebook. Trust me, these are anomalies. 6. If you do get a term sheet from an investor, go find another one. There is nothing like an auction to keep everyone honest. If you only have interest from one party – and that party knows it – your initial offer will get ground down during due diligence to a fraction of what you’re hoping for. It’s like selling your car. If your only prospective buyer takes it to a mechanic and comes back with a long defect list, good luck trying to get a JAAKO good price. However, if your buyer knows that another buyer is coming in 10 minutes, the chequebook comes out. 7. Build the business while you shop for money. The worst mistake most entrepreneurs make is having a revenue projection labelled “Month 1, month 2, etc.,” that starts with receiving investment. It is pathetic having these entrepreneurs back for a repeat visit six months later, and they’re still waiting to kick-off month 1. Investors like to see a business that’s alive. If you come back and you have successfully executed your sixmonth milestones, your probability of funding goes up. Probability goes up a lot more if you achieve your milestones early. 8. Collect awards. Fill your trophy case. Go after business accolades. Go after third-party endorsements. Get glowing customer testimonials. In my 25 years in the venture business I have never seen a time when the trophy case has been more important to investors – at least to get you through to the due diligence round.
7&/563& $"1*5"-
This must be a cultural offshoot of the realityTV, American Idol-culture generation. “If you can’t see the shine, it don’t shine.” 9. Keep selling your angels and other early investors. It just might be that you don’t attract investment capital yet at terms that you and your investors find reasonable. This may require your existing investors to pony up another $100,000 or a million. Keep them believing by continually giving them your best pitch, too. Ideally, you want them to think that the outside venture funds are too stupid to see how good your deal is. Take the case of Avigilon Corporation, and its serial entrepreneur/founder/CEO Alex Fernandes. Avigilon designs and manufactures the absolute best high-definition surveillance solutions. Launching sales in late 2007, Avigilon quickly established itself , protecting and monitoring diverse locations around the world with the best image clarity. Avigilon completed its IPO on the Toronto Stock Exchange in the fourth quarter of 2011. a profitable quarter during which it also hit revenue of almost $19 million, for a run-rate of $75 million annually. Avigilon raised approximately $18 million pre-IPO, from founders and employees ($4.5 million), angels, friends and family ($11 million) and one venture fund ($2.5 million) over several years throughout the start-up and early product development phase. Fernandes states unequivocally, “Had we been forced to rely solely on VC funding, Avigilon would likely have either failed outright or ..ultimately not have been very successful”. However, Fernandes was also that very rare entrepreneur/CEO who had the skill, determination, and credibility to raise the pre-IPO $18 million. 10. Have a backup plan. The venture industry is so timid these days that your best shot may be a strategic partner, such as your best customer or a key supplier. Pitch them constantly to see if they can become your investors.◆
Harry Jaako (hjaako@discoverycapital.com) is chairman of Discovery Capital Corp., a Vancouver-based venture capital firm.
-PXFS .BJOMBOE
Commercial Real Estate
Awards of Excellence Tickets are on sale now!
The NAIOP Vancouver and Business in Vancouver Commercial Real Estate Awards of Excellence recognize quality and performance, innovation and creativity, teamwork and collaboration, as well as community and environmental awareness. This is a great opportunity to promote your work to
May 30, 2012 VIP reception: 5:30 pm General reception: 6:15 pm Awards dinner: 7:00 pm - 9:00 pm Location: The Four Seasons Hotel - 791 West Georgia Street Tickets: BIV subscribers/NAIOP members: $125 Non-subscribers: $149 Corporate table of 10: $2,250 Go to www.biv.com/realestateawards to register
Vancouver’s business community and the commercial real estate industry. PRESENTED BY:
SPONSORED BY
WESTERN INVESTOR APRIL 2012
u
INVESTOR ALERT!
o 2 Businesses & Property - $479,000
Great opportunity to purchase a water bottling business “Sunshine Coast Springs” and a nursery “Wilson Creek Nursery” and live and work on the beautiful Sunshine Coast. Property features a newer - 2 bdrm mobile home, 3 greenhouses, the water botw tling building/office and the well house. Could easily employ 2-3 workers and is a great opportunity for an energetic entrepreneur!
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TWO COMMERCIAL BUILDINGS SIDE X SIDE ML#V4021517 “The Dock” Sechelt Now $1,190,000
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Lower Mainland/Sea to Sky/Sunshine Coast A21
LESLEE COOPER
Toll-free: 1-800-795-8961 or direct cell: 604-741-7800
Top 20 Realty
BUY
Your hunt for the right investment could be right in the pages of the Western Investor. Every month you’ll find $2 Billion worth of opportunities.
1-800-661-6988
Main street, downtown location with excellent exposure in Sechelt. 2 level building with retail, store, offices and zoned for residential above. High traffic area with lots of parking. 10 tenancies in place, many long term and great cap rate. Call Terry for more info.
ML#V4024655 Main Street, Sechelt
$879,000
Commercial building with two excellent tenants. Prime location on main street with upgrades & high visual presents. Triple net leases & good cap. Located beside building above.
T E R RY & PA M B R A CKE TT 1-800-895-4313 terry@thebrackettgroup.com Remax Oceanview Realty SECHELT
SQUAMISH INVESTMENTS 98 Unit Oceanfront Development Site $2.94 mil 13.25 acre Commercial Site on Hwy 99 Holding income campground/motel $1.95 mil 18,919 SF Dev Site Dwtn Bank Corner at key intersection $1.194 mil Mixed Use Building Dwtn 5,358 sf, lots of pkg
$725k
Darren McCartney 604-892-4875 darren.mc@shaw.ca
COMMERCIAL FOR SALE WHISTLER VILLAGE 6963 SQ FT – 6 strata lots
Strata Office Space Dwtn 1,714 sf
$345k
Strata Office Garibaldi 548 sf
$169k
Industrial Revenue Property 10 acre Riverfront Lots
$1.1 mil $1.175 mil +
Retail for Lease off Hwy 99 1,300-10,000 SF Adjacent to Home Depot, Walmart & Rona Commercial Site on Hwy 99 $1.65 mil C-3 gateway site: DP for 82 unit hotel, Zoning for: drive-thru, gas, restaurant
RE/MAX Sea to Sky Real Estate Squamish GIBSONS, BC 4 Plex Revenue
$6,500,000
Great investment opportunity to purchase 6 contiguous commercial strata lots in the Tyndall Stone Lodge across from the new Olympic Plaza. This area has seen a dramatic increase in pedestrian traffic since the Olympics. These units are fully leased to 4 quality tenants.
Alan Jenner 604-905-9589
Call for an information package For more commercial listings and information on the commercial market in Whistler visit:
allanjenner@wrec.com
www.whistlerrealtor.co or www.allanjenner.com
Investors take note! Solid 20 year old 4800 square ft building with two 3 bdrm suites and two 1 bdrm suites is located in upper Gibsons close to ferry, shops, schools and rec center and just one hour from Downtown Vancouver. Full details available.
Grossing 49K - 7% Cap Rate Asking price: $625,000 Neil Sandy Cell 604-989-6345 neilsandy@dccnet.com, RE/MAX Top 20
www.neilsandy.com
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GAS STATION – LAND & BUILDING .6 ACRE LAND. OVER 4,000 SQ FT BUILDING AND 2 ROAD FRONTAGE. FIBERGLASS TANKS. EXCELLENT GROSS & NET PROFITS $2.9 MIL
LIQUOR STORES, PUBS, HOTELS/MOTELS NANAIMO ROAD HOUSE & LIQUOR STORE – OFFERS! 2½ acres. Land & buildings. Asset sale. Includes 2 suites. VENDOR FINANCING 0.A.C.
C-STORE - BUSINESS ONLY ESTABLISHED 30 YEARS SURREY $49,900
NEW WESTMINSTER PUB & LIQUOR STORE $3,300,000 (ASSET SALE)
SOLD
KELLY'S PUB & LIQUOR STORE – Money maker. $2,000,000 SHARE SALE.
Hurry!
SOLD
FOX'S REACH PUB & LIQUOR STORE – $3,400,000 ASSET SALE CHILLIWACK PUB & LIQUOR STORE – $2,495,000 PUB IN BUSY SHOPPING CENTRE LOCATED IN SURREY - PRICED BELOW REPLACEMENT COST. GREAT TERMS. QUICK POSSESSION. TRY YOUR OFFER! CAMPBELL RIVER WATERFRONT PUB & LIQUOR STORE GROSSING $3.3 MILLION. IN BUSY SHOPPING CENTRE. ASKING $1,600,000 FOR SHARES. QUICK POSSESION. NEIGHBOURHOOD LIQUOR STORES - PUBS - HOTELS - RESTAURANTS IF WE DON’T HAVE IT LISTED WE WILL FIND IT FOR YOU! MANY NEIGHBORHOOD PUBS IN ALL PRICE RANGES NOW AVAILABLE.
BARRY BOCK / DON KAYTOR 604-575-5262
604-599-9287
Fax (604) 575-2214 Email: barry_bock@telus.net HOMELIFE BENCHMARK TITUS REALTY
www.barrybock.com
GAS STATION WITH LAND AND BUILDING (FRASER VALLEY) $1.8 MIL GAS STATION WITH LAND & BUILDING $2.8 MIL OVER $1.5 MIL IN STORE SALES. GAS: OVER 3MIL LITRES. NEW TANK AND PUMP. EXCELLENT GROSS PROFITS AND NET INCOME GAS STATION WITH LAND & BUILDING OVER 8 ACRES OF LAND. C-STORE, RESTAURANT, HOUSE. ON HWY 1 $1.19M HOUSE ON 4 ACRES ZONED FOR MOBILE HOME PARK $399,000 GAS STATION WITH LAND & BUILDING, FRASER VALLEY OVER 1/2 ACRE, C-STORE, GAS STATION, RESTAURANT & 2 BEDRM ACCOMMODATION $599,000 MORE DETAILS CALL:
PAMMI MANDAIR CELL: 604-825-8121 OFFICE: 604-859-3141 pammimandair@gmail.com www.pammimandair.ca
www.homelifebc.com
Golden, BC – 101 pads, 13 acres ...........5,900,000 North Battleford, SK – 60 pads, 10.9 ac .2,700,000 Invermere, BC – 31.48 acres, MHP site. 1,900,000 Radium, BC – 9.77 acres, Cml Hwy Frtg ....900,000 Quesnel, BC – 30 pads, 9.25 acres ...........625,000 Cherryville, BC – 25 pads, 22 acres ..........685,000 Ashcroft, BC – 8 pads, 0.64 acres ..............369,000 Houston, BC – MH & RV Park, 40 ac+/- ....299,000 604-302-3771 or TF: 1-888-251-2822 Fax: 1-888-804-1394 Email: hjesse@mobileparks.com
Homelife Glenayre Realty www.mobileparks.com
Attention Homelife Agents: TO ADVERTISE
HERE call Gary Takahashi
toll-free: 1-800-661-6988 direct: (604) 608-5111 or fax: (604) 669-2154 GLENAYRE REALTY
gtakahashi@westerninvestor.com
A22 Vancouver Island/LIFESTYLE PROPERTIES
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
RECREATION FEATURE Historic Fernie school transformed into $30M luxury spa and wellness retreat
'SPN TDIPPM UP TQB WI STAFF WESTERN INVESTOR 104-year-old schoolhouse in downtown Fernie has been transformed into the first-destination spa resort of the Kootenays. And, with 90 per cent of its hotel-condo suites sold out, Parastone Developments may have found a soft touch in B.C.’s competitive recreation industry.
"
Photos Parastone Developments
Spa901, which boasts 6,600 square feet of spa and wellness centre amenities, is part of 901 Fernie that was completed in 2010. “Parastone Developments is proud to introduce some grandeur back into Fernie’s downtown,” said Simon Howse, general manager of Parastone Developments, adding the project “will bring more tourists to Fernie.” “We had a great team and a lots of support. The project was a huge economic stimulus for the community and we believe it will continue to serve as a catalyst for more investment in downtown and Fernie as a whole.” Parastone has sold out all but four of the 44-suite mountain resort suites. Home owners have the option of placing their suite into the vacation rental program run by Fernie Central Reservations. Prices of the remaining condo suites range from $479,00 to $998,900. At the turn of the century, the schoolhouse was a beautiful, majestic brick building, but it was later covered with white/yellow stucco and became an eyesore. The LeBlond Partnership, architects of 901 Fernie, worked with Parastone to transform the building. The spa and wellness centre is owned and
4VSQMVT TDIPPM MBOET TIPQQFE
TOP: Parastone Developments has sold out 90 per cent of the suites at the Kootenay’s first destination spa resort. RIGHT: Spa901 operator Shelly MacGregor.
operated by Shelly MacGregor, president of Apex Massage Therapy, who operates two wellness and spa facilities. Highlights of Spa 901 include: two infrared saunas, five treatment rooms, a couple’s fireplace treatment room, co-ed and womenonly fireplace relaxation lounges, an outdoor hot pool and men and women’s change rooms. Spa 901 offers unique and traditional therapies and treatments including a variety of styles of therapeutic massage, esthetician services and private bath treatments. “The work that Parastone Developments has put into the restoration will amaze people,” said MacGregor. “The beautiful brick walls and high ceilings create a truly unique spa
experience that offers surprising value. We are excited to be a part of this iconic building and the community.” It certainly proved for a classy opening, complete with a recital by opera singer and esthetician 21-year-old Kena Wigen of Creston, who, with a string quartet, serenaded visitors during the grand opening. According to studies, spa treatments are also becoming popular with men and spa retreats are seen as one of the emerging trends in recreational markets across North America. Parastone’s success selling hotel-condo-style property is in contrast to other resorts across B.C., where a marked turndown in demand has affected ski resort developers.◆
T
he redevelopment of the Fernie school is an indication of what may become a recreational opportunity in B.C.: finding new uses for old schools and surplus land. Declining student enrolment in the province has led to a surplus of land in district school boards, especially in rural areas. B.C.’s school population has fallen 7 per cent in the past decade to around 556,000 students, leaving many sites unused. Since 2002, B.C.’s 60 school districts had closed 190 schools and more than 50 more closures are “certain or planned over the next couple of years,” according to the BC Teachers’ Federation. The recent provincial budget made it easier for school boards to sell surplus property. An example of available sites is in the Kamloops area, where the KamloopsThompson school district – which sold a piece of land last year to Telus for $7 million – has a number of parcels it’s trying to unload.
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The Maples
Enjoy …
24 new vacation homes One bedroom plus den or Two bedroom Spacious open concept plans Stainless Steel appliances Hardwood and Tile floors Maple Cabinets
Sproat Lake recreation 5 acres of common property 2100 sq. ft. dock Your own boat slip Private beach The Spacious units Large decks
Maples on
Sproat Lake
westerninvestor.com news archives reports updates
www.maplesresort.ca
9624 Lakeshore Drive, Port Alberni, BC
sales@maplesresort.ca 250.218.8266
LIFESTYLE PROPERTIES A23
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com sss
s
“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:
www.landquest.com LandQuest Realty Corp SmithersÊqÊ i ÃÊ Ài LandQuest Realty Corp CourtenayÊqÊ ÕÀÌÊ i Ãi
WILDERNESS SANCTUARY CORTES ISLAND BC
UÊ *À ÃÌ iÊ£ÓÓ°xÊ>VÊ vÊv ÀiÃÌÊEÊ ÃÃÊL Õvvà UÊ "ÛiÀÊÇ]äääÊvÌÊ Vi> vÀ Ì UÊ 6iÀÞÊëiV > Ê£]xxäÊÃvÊVi`>ÀÊ i UÊ 7À Ì }ÊÃÌÕ` ]ÊV>L ]Ê ÕÌLÕ ` }à UÊ *À Û>ÌiÊ`ii«ÊÜ>ÌiÀÊ` V ÊEÊ À>}i UÊ 1 Ì >ÌiÊ Ê«À Û>VÞÊ> `ÊÃiV Õà UÊ $2,850,000 2ICH /SBORNE 0ERSONAL 2EAL %STATE #ORPORATION
LandQuest Realty Corp NanaimoÊqÊ i> Ê Õ `Þ LandQuest Realty Corp Cariboo – >ÀÃ Ê ÀÜ>À`
RENOWNED CANADIAN FISHING LODGE - CENTRAL COAST BC
UÊ *À v Ì>L iÊÌÕÀ iÞÊ `}i UÊ VV `>ÌiÃÊÓäÊ}ÕiÃÌ UÊ ÝµÕ Ã ÌiÊv >Ì }Ê `}i UÊ iÃÌÊiµÕ « i ÌÊ UÊ -Ìii i>`ÊÀ `Ê`>ÞÃÊ Ê«À ÃÌ iÊÀ ÛiÀà UÊ Ã Êv ÀÊ ÊEÊ Ê ÊV> ÊÜ>ÌiÀà UÊ $1,950,000 2ICH /SBORNE 0ERSONAL 2EAL %STATE #ORPORATION
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SKEENA RIVER FISHING LODGE TERRACE, BC
GRAPEVINE PUB & BISTRO BURNS LAKE, NORTHERN BC
SEASONAL HUNTING CAMP WESTBRIDGE, BC
UÊ /ÕÀ Ê iÞÊ `}iÊ ÊÜ À `ÊÀi Ü i`ÊÀ ÛiÀ UÊ °nnÊ>VÀiÃÊ vÊÀ ÛiÀvÀ ÌÊ«À «iÀÌÞÊ UÊ > Ê `}iÊÜÉÊ}ÕiÃÌÊÀ Ã]Ê Vi Ãi`Ê` }Ê À ÊEÊL>À]Ê£{ÊV>L Ã]Ê Ü iÀÊÀià `i Vi UÊ °Ê V°Êà i ÕÃi]ÊL >ÌÊ >Õ V Ê UÊ >Ãà v i`ÊÀ `Ê`>ÞÃÊ Ê- ii >ÊÓ® UÊ f£]Îää]äää
UÊ *ÕL]Ê ÃÌÀ ÊEÊ µÕ ÀÊ-Ì Ài UÊ `Ê*À >ÀÞÊ Vi ÃiÊv ÀÊÇ ÊÃi>Ìà UÊ Ì Õi`Ê}À ÜÌ Ê Ê> Õ> ÊÃ> iÃÊ ÛiÀÊ«>ÃÌÊ xÊÞi>Àà UÊ Õ Ì « iÊ>` °Ê«À «iÀÌ iÃÊrÊ«>Ûi`Ê«>À } UÊ -Ìi>`ÞÊV i Ìi i]ÊiÝV°ÊÀi«ÕÌ>Ì ]ÊLÕ ÌÊÓääx U $1,400,000 (REDUCED FROM $1,750,000)
UÊ i>ÀÊ iÜÊ£] ääÊÃvÊ iÊqÊvÕ ÞÊiµÕ ««i` UÊ nÊÃi>à > ÊV>L ÃÊqÊà ii«Ê{ UÊ L ÕÌÊÓÊ ÕÀÃÊÌ Ê i Ü >ÊqÊ }Ê7 Ìi UÊ 7 ÌiÊ/> Ê> `Ê Õ iÊ`iiÀÊ Ê>LÕ `> Vi UÊ /iÀÀ v VÊv à }Ê> Ê>À Õ ` UÊ `ÊÞi>ÀÊÀ Õ `Ê>VViÃà UÊ $495,000
$ENIS $ORE DENIS LANDQUEST COM
$ENIS $ORE DENIS LANDQUEST COM
"RIAN (ARRIS BRIAN LANDQUEST COM
GREEN LAKE WATERFRONT
VALEMOUNT 57 AC. 205 LOT POTENTIAL SUBDIVISION
RODGERS FISHING LODGE PORT ELIZA INLET
FRASER RIVERFRONT HOME HOPE, BC
26 ACRES - EASTERN HILLSIDES DEV. PROPERTY - CHILLIWACK
UÊ {ÊL`À Ê{]äääÊÃvÊ i]Ê£°xÊ ÀÃÊvÀ Ê6> V ÕÛiÀ UÊ À > Ê` }ÊEÊ Û }ÊÀ ÃÊL Ì ÊÜÉÊ ÊÊÊÊÀ V Êv Ài« >ViÃÊEÊv> Ì>ÃÌ VÊÀ ÛiÀÊÛ iÜà UÊ "vv Vi]Ê`i ]Ê Õ}iÊVÀ>vÌÃÉÀiVÊ>Ài> UÊ > `ÃV>«i`Ê` ÕL iÊ ÌÊ]ÊÃ> `ÞÊLi>V UÊ * Ãà L iÊÃÕL ` Û°Ê« Ìi Ì > Ê UÊ Ê 1-/Ê- Ê Ê, 1 Ê$469,000
UÊ - «i`Ê«À «iÀÌÞÊÜÉÊV >Ãà VÊ Õ Ì> Ê iÊ Ê LÕ ÌÊÌ ÊÌ> iÊ>`Û> Ì>}iÊ vÊ V>Ì ÊEÊÛ iÜÃ°Ê UÊ V>Ìi`Ê>L ÛiÊÌ iÊ > ÃÊ vÊ ÕÀÃiÊÊ UÊ ÓÊL`À ]ÊÎÊL>Ì ]ÊÎ]äää³ÊõÊvÌÊvi>ÌÕÀiÃÊ Ê v ÀÊÌ ÊVi }ÊÜ ` ÜÃÊ ÊÌ iÊ «i Ê Û }É ` }ÊÀ °ÊÊ >À}iÊ`iÌ>V i`ÊÜ À Êà «ÊÜÉÊ iÝÌÀ>Ê i } ÌÊ` À°ÊÊUÊ $875,000
"RIAN (ARRIS BRIAN LANDQUEST COM
+EN (UNTER KEN LANDQUEST COM
#ARSON $ORWARD CARSON LANDQUEST COM
3AM (ODSON SAM LANDQUEST COM
$AVE #OCHLAN DAVE LANDQUEST COM
OKANAGAN LAKE VIEW ACREAGE - VERNON
KOKANEE LAKESIDE RESORT WEST ARM OF KOOTENAY LAKE
20 ACRES SLOCAN VALLEY
220 ACRES IN THE COWICHAN VALLEY
OLD BONAPARTE RESORT
UÊ £äÊ>VÀiÊ Ì «ÊÜ Ì ÊÎÈäÊ`i}ÀiiÊÛ iÜ UÊ *À «iÀÌÞÊ >ÃÊ« Ìi Ì > Êv ÀÊ>ÊÛ>À iÌÞÊ vÊÕÃià UÊ Õ `Ê iÉiÃÌ>L à ÊÀià ÀÌÊÃÌÞ iÊÛ iÞ>À` UÊ "ÛiÀ ÃÊÓÊ > iÃ]ÊV ÌÞÊEÊv>À > `ÊÛ ÃÌ>à UÊ *À iÊ V>Ì ÊÜ Ì Ê ÌÃÊ vÊÃÕ Ã i UÊ 7 `iÊ>ÀÀ>ÞÊ vÊÀiVÀi>Ì ÊEÊ> i Ì iÃÊ i>ÀLÞÊÊUÊ $449,000
UÊ {ÈÊ iÜÊ{äÝxäÊÃiÀÛ Vi`Ê,6Ê ÀÊ*>À Ê `i Ê Ã Ìià UÊ xÊ>VÊÜ>ÌiÀvÀ ÌÊ«À «iÀÌÞÊ UÊ "Ü iÀÃÊÜ Ê >ÛiÊÀi}°ÊÌ Ì iÊEÊÕÃiÊ vÊ >À > UÊ -i>à > ÊÕÃiÊÜ Ì Ê Ã ÌiÊV>ÀiÌ> iÀ UÊ > Ì>ÃÌ VÊv à }]ÊL >Ì }]Ê} vÊ> `Ê } UÊ *À Vi`ÊvÀ $65,000
$AVE #OCHLAN DAVE LANDQUEST COM
,ARRY ,AING LARRY LANDQUEST COM
SHUSWAP ESTATE/DEVELOPMENT PROPERTY – SICAMOUS, BC
UÊ {°xxÊ>VÀiÊÕ µÕiÊ«À «iÀÌÞ UÊ V>Ìi`Ê ` Ü>ÞÊLiÌÜii Ê > }>ÀÞÉ6> UÊ *Ài >««À Ûi`ÊÃÕL` Û Ã ÊVÀi>Ì }Ê£Ê>VÀiÊ iÃÌ>ÌiÊ« ÕÃÊΰxxÊ>VÀiÊ } Ê`i à ÌÞÊà ÌiÊ UÊ Õ ÞÊvÕÀ à i`ÊÇ]äääÊÃvÊVÕÃÌ Ê }Ê i UÊ *À Vi`ÊfÓ£Ó]äääÊLi ÜÊ«ÀiÛ ÕÃÊ>VV°Ê vviÀ UÊ $1,888,000 3AM (ODSON SAM LANDQUEST COM
PILOT HEADQUARTERS OR FAMILY HOBBY FARM
Ê £ä°ÎÊ>VÀiÃÊ Ê-«À } ÕÃiÊ À«>À UÊ ÓäÊ ÕÌiÃÊvÀ Ê7 > ÃÊ > i UÊ Ó]xääÊÃvÊÀià `i ViÊÜÉ > }iÀÊEÊ ÀÃiÊL>À UÊ Õ iÀ ÕÃÊÕ«`>ÌiÃÊÌ ÊÀià `i ViÊ UÊ Î äÊvÌÊ vÊÜ>ÌiÀvÀ ÌÊ Ê Ì> Ê > i UÊ iLi ÌÕÀiÊ>Û> >L i UÊ $349,900 > iÊÞ ÕÀÊ vviÀÊÌ `>ÞtÊ 2ON 3VISDAHL RON LANDQUEST COM 4/,, &2%%
LAKESIDE CABIN & ACREAGE ANDERSON LAKE, BC
UÊ Î°xÊ ÕÀÃÊÌ Ê6> V ÕÛiÀ UÊ i>À ÞÊÓ]äääÊÃvÊ ÊÓÊ iÛi à UÊ ÎÊL`À ÊEÊÓÊL>Ì UÊ *>ÀÌÊ vÊÓÈÊ ÌÊL>ÀiÊ > `ÊÃÌÀ>Ì> UÊ ÎääÊ>VÀiÃÊ vÊV Ê«À «iÀÌÞ UÊ >L Êà ÌiÃÊ Êä°{{Ê>VÀià UÊ -Ìi«ÃÊÌ ÊÌ iÊ > iÊ$283,000 -ATT #AMERON MATT LANDQUEST COM
THE NEW 108 RESORT CARIBOO REGION OF BC
UÊ ÓÊ>VÀiÊ Ì UÊ Ó{ä½Ê vÊ«À iÊà ÕÌ Êv>V }ÊÜ>ÌiÀvÀ Ì UÊ -> `ÞÊ ÜÊL> ÊÜ>ÌiÀvÀ ÌÊ UÊ ÎÊLi`À ÃÊ> `ÊÎÊL>Ì À à UÊ ,iVi Ì ÞÊV « iÌi`ÊÀi Û>Ì U $599,000
UÊ ÕÃÌÊÃ ÕÌ Ê vÊ- ÛiÀÌ ]Ê
UÊ " Ê«ÕL VÊÀ >`ÊÜ Ì Ê Þ`À ÊÊ EÊÌi i« iÊ>ÌÊ Ì UÊ iÃÌ VÊÜ>ÌiÀÊ Vi ÃiÊ Ê« >Vi UÊ >V }Ê Ê À Ü Ê > ` UÊ £äÊ ÕÌiÃÊÌ Ê- V> Ê > i U $150,000
UÊ ÕÀÌÊ À`iÀi`ÊÃ> iÊÊ UÊÊÎxÊ ÌÃÊ>««À Ûi`Êv ÀÊ i` >ÌiÊ `iÛi « i ÌÊ UÊ xÇÊÃÕL ` Û `>L iÊ>V°Ê ÊV >À }Ê Ì ÊÌ Ü Ê UÊ Õ V «> ÊÜ>ÌiÀÉÃiÜiÀÊ>ÌÊ ÌÊ iÊ UÊ " ÞÊ>Ê£Ê ÀÊ`À ÛiÊvÀ Ê >ëiÀ]Ê Ê UÊ $695,000Ê
ÊUÊ£ääÊ>VÀiÃÊ vÊ,>ÀiÊ i>ÛÞÊ `ÕÃÌÀ > Ê< i` UÊ £ÓäÊ>VÀiÃÊ vÊ {Ê>` }®Ê UÊ iÃÃÊÌ > Ê£äÊ ÃÊÌ Ê` Ü Ì Ü Ê Õ V> Ê UÊ > ÊLiÊÃÕL` Û `i`ÊÊ UÊ * ÜiÀÊÌ Ê«À «iÀÌÞÊ UÊ iÜ ÞÊ`À i`ÊÜi Ã]Ê}À>Ûi Ê`i« à ÌÃÊ UÊ $900,000 & $1,700,000
UÊ >Ì }Ê `}iÊ Êv Àià ÀiÊ i>Ãi UÊ 7iÃÌÊ >ÃÌÊ vÊ6> V ÕÛiÀÊ Ã > ` UÊ Ã iÀÞÊ ÃÊà `ÊvÀ Ê Õ iÊ£xÊÌ Ê-i«ÌÊ£x UÊ VV `>ÌiÃÊÈäÊ}ÕiÃÌà UÊ - i ÌiÀi`ÊÎäÊÞi>ÀÊv Àià ÀiÊ i>Ãi UÊ £{Ê ÊÓÓ½ÊÌ ÊÓ{½ÊÌ «Ê vÊ iÊL >ÌÃÊEÊ£Êà vv UÊ Ê$1,450,000Ê
Ê {° ÊÛiÀÞÊ«À Û>ÌiÊ>VÀià UÊ "ÛiÀÊÎÓäÊvÌÊ vÊÜ>ÌiÀvÀ Ì UÊ }Ê i]ÊÜ Ài`Ê> `Ê« Õ Li` UÊ -i«>À>ÌiÊ}i iÀ>Ì ÀÊLÕ ` } UÊ >Ì }Ê` V à UÊ "vvÊÌ iÊ À ` UÊ *À Vi`ÊÌ ÊÃi tÊ$350,000
,ARRY ,AING LARRY LANDQUEST COM
0ENNY -C&ARLANE PENNY LANDQUEST COM
(EATHER -IKE $ILLON 4/,, &2%% ,!.$
CIRCLE S RANCH RADIUM HOT SPRINGS, BC
2 OCEANFRONT PROPERTIES HOME & COMM. MARINA LEASE
SQUIRREL COVE TRADING CO. CORTES ISLE, DESOLATION SOUND
UÊ ÎÈÊ ÃÌ ÞÊÌÀii`Ê>VÀià UÊ i>ÕÌ vÕ ÊÛ iÜÃÊ vÊ Õ L >Ê6> iÞ UÊ * ÜiÀ]ÊÌi i« i]ÊÀ> V Ê}>ÌiÊ«À Û `i` UÊ 7>ÌiÀÊ Vi ÃiÊ ÊVÀii UÊ *>ÀÌÊ vÊ>Ê£ÈÊÀ> V ÊiÝV Õà ÛiÊV Õ ÌÞ UÊ Õ iÀ ÕÃÊV Õ ÌÞÊLi iv Ìà UÊ > Êv ÀÊ`iÌ> à $390,000
UÊ Î°ÈÎÊ>VÀiÃÊ vÊÀ >`Ê>VViÃà L iÊ Vi> vÀ Ì UÊ >Ìi`Êi ÌÀÞ]Ê{näÊvÌÊ vÊ Vi> ÊvÀ Ì>}iÊ UÊ * ÜiÀ]ÊÃi«Ì V]ÊÜi Ê UÊ ÓÊ ÕÌLÕ ` }ÃÊEÊL >ÌÊ >Õ V Ê UÊ Ê V>Ìi`Ê>ÌÊÌ iÊ}>ÌiÜ>ÞÊÌ ÊÜ À `Ê Ài Ü i`ÊÞ>V Ì }Ê`iÃÌ >Ì ]Ê ià >Ì Ê - Õ `ÊÊÊUÊ " i ÛiÀÊ iÌÊ$625,000
-ATT #AMERON MATT LANDQUEST COM
BIG BAR GUEST RANCH SOUTH CARIBOO - NEAR CLINTON
UÊ x{nÊ>VÀiÃÊ Ê£nÊ iÊ} v]ÊÌi Ã]Ê ÀÃiÃ]Ê v à }]ÊL }]Ê }ÊiÌV° UÊ {ÓÊÜi >«« Ìi`Ê}ÕiÃÌÊÀ ÃÊ UÊ }Êv ÀÊ ÛiÃÌ ÀÉ«>ÀÌ iÀÃÊ UÊ Ài>ÌÊ`iÛi « i ÌÊ «« ÀÌÕ Ì ià UÊ / «Ê ÛiÃÌ i ÌÊv ÀÊ>Ê ÜÊ«À Vi U $3,990,900
Ê >Ãà VÊ Ê}ÕiÃÌÊÀ> V UÊ £ä£Ê>VÀiÃÊ`ii`i` UÊ /ÕÀ iÞÊÀ> V UÊ VV `>ÌiÃÊxäÊ}ÕiÃÌà UÊ ££ÊL`À Ê}ÕiÃÌÊ ÕÃi]Ê ÃÌ À VÊ `}i UÊ xÊ }ÊV>L Ã]ÊL>À ]ÊV ÀÀ> ÃÊEÊV> «}À Õ ` UÊ $949,900
+ONRAD - 3CHMID -EIL KONRAD LANDQUEST COM
+ONRAD - 3CHMID -EIL KONRAD LANDQUEST COM
UÊ -µÕ ÀÀi Ê ÛiÊ i Ê-Ì ÀiÊEÊ/ iÊ ÛiÊ ,iÃÌ>ÕÀ> Ì UÊ Ó°xÊ>VÀiÊV iÀV > ÞÊâ i`Ê Vi> vÀ Ì UÊ V Õ`iÃÊ}À ViÀ iÃÊEÊ >À`Ü>Ài]Ê µÕ ÀÊ Ã> iÃ]Ê« ÃÌÊ vv Vi]ÊvÕi ÊÃ> iÃ]Ê ÊL`À Ê >VV `>Ì ]Êv Àià ÀiÊ Vi ÃiÊ UÊ $1,350,000
*ASON :ROBACK *AMIE :ROBACK
*ASON :ROBACK *AMIE :ROBACK
FRASER VALLEY FAMILY FARM
LYTTON BC AIRSTRIP DEVELOPMENT
UÊ xÊÕÃ>L iÊ>VÀiÃÊÜ Ì Ê>Ê}i Ì iÊà «i UÊ ià À>L iÊ- ÕÌ Ê > } iÞÊ V>Ì UÊ " `iÀÊVÕÃÌ ÊLÕ ÌÊ i UÊ 6iÀÞÊ«À Û>ÌiÊEÊ«i>VivÕ UÊ 7 `iÀvÕ ÊLÕ ` }Êà Ìi UÊ ÊÌ iÊ i>ÀÌÊ vÊ ÀÃiÊV Õ ÌÀÞ UÊ $699,000 $OUG $YER DOUG LANDQUEST COM
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A24 Vancouver Island
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
NANAIMO | VANCOUVER ISLAND DEVELOPMENT AND INVESTMENT OPPORTUNITIES DEVELOPMENT OPPORTUNITY WITH OCEAN AND CITY VIEWS Upscale development in the University area for 10 residential lots and 26 luxury townhomes. This development project has all the necessary plans, reports and approvals in place. Development Permit for construction can commence within a short period of time. CALL DARWIN NEW!! BARSBY ON THE MILLSTONE A great development opportunity for a well designed 58 unit Condominium Project on 1.14 acres of land on the Millstone River. Located within the no DCC zone of the City of Nanaimo, this project offers an immediate connection to the E&N trail as well as the miles of seawall on the Harbour only 3 blocks away. Development Permit ready. ASKING 1.55 M, CALL DARWIN MULTI – USE DEVELOPMENT SITE One of the remaining development sites within the main service corridor of the Chase River neighbourhood – South Nanaimo. With approx. 4.3 acres of usable lands and excellent access directly off Hwy 19A via traffic light. This site has excellent potential for a wide use of mixed Commercial-Residential developments. 2.8M, CALL DARWIN
EXCELLENT REDEVELOPMENT PROPERTY W/ EXISITNG MOTEL Enjoy the existing holding income from the current motel complex while planning a new 6 storey commercial/ residential mixed use complex. Great location near Hospital Node where demand exceeds supply for strata medical offices. Excellent exposure to Highway 19A and great access from rear of property with easy design for underground parking. 1.5M CALL DARWIN
COMMERCIAL HARBOUR REALTY LTD VANCOUVER ISLANDS LEADER s ,AND 5SES s $EVELOPMENT )NITIATIVES THROUGH to completion s 0ROTECTS AND -ARKETING s )NVESTMENT s )NSOLVENCY s 2EAL %STATE !DVISORS
BUSINESS OPPORTUNITY AT THE RESORT BEACH CLUB – PARKSVILLE B.C. “Perfectly Positioned Spa” in the Newest 4 Star Hotel Resort in Parksville B.C. A turnkey operation, elegantly designed treatment room, the latest equipment and spa line products, topped off with an unbelievable LEASE. CALL BILL SOREG for Details. COMING SOON Rental Investment Homes for the avid investor. (Secondary suites may be non conforming)
RARE SALE OFFERING
FOR SALE 780 Kilmalu Road,
Large Parcel of Land on the Southeast Shore of Vancouver Island Next to the Mill Bay Nature Park, Steps from the Ocean, and 35 Minutes to Downtown Victoria.
Mill Bay B.C.
74.4 Acres Improved with Two Single Family Homes, a Warehouse, and 54 Pad RV Park & Campground. Visit www.dtzbarnicke.com/victoria
METRO VANCOUVER INDUSTRIAL BUILDING CLOSE TO CITY CENTRE Located in close proximity to downtown Vancouver and Commercial Drive. Older industrial building on 5,808 sq. ft. of land. Building fully occupies site. Grade level loading door, separate entrance door. Two offices, one half bathroom, great for a storage facility. Priced @ $727,000. CALL ROB
Darwin Mahlum Robert Borden 250.760.1066
Information brochure available.
Subscribe 1-800-661-6988 www.westerninvestor.com
PURCHASE PRICE $4,750,000 An Outstanding Rural Acreage with Significant Existing Revenue DTZ Barnicke Victoria Ltd. Tel. (250) 382-3400 888 View Street Fax. (250) 382-1333 Victoria B.C. Canada www.dtzbarnicke.com V8W 1K2
Amanda Crowder Griffin Lewis
Victoria Commercial Properties and Businesses Howard Johnson Hotel
$4,580,000
Building w/2 Restaurants
$1,500,000
$129,000
$915,000
Located in beautiful Cowichan Bay. All rooms have water view. 30 units, 2-storey, 1 bedroom anager suite, 1.74 acres, 12,000 Sq.ft.
Well established Day Spa in Victoria $185,000
Wessex Inn Motel
Downtown Salad Bar
$195,000
Well established Franchise Salad Bar which is only one in Victoria. Easy to operated & good lease in place.
Centrally located in Victoria, British Columbia, Howard Johnson hotel provides a friendly and convenient stop for tourists and business travelers alike. Close to downtown Victoria and the area’s most popular tourist attractions, such as the historic inner harbor and the Parliament building. Features numerous modern Conveniences, including an indoor swimming pool, and complimentary wireless Internet access and a fitness room.
Bagel Cafe
Located in the heart of downtown Victoria; well established in the business community, offering bagel sandwiches, soups, Italian ice cream, & coffee. Easy operation, good income, & short hours (Mon to Sat, 8:00am to 5pm). Good lease in place.
Located in beautiful Sidney, BC. A grocery store which is included in the price (inventory extra) & 2 restarurants.
Specializing in hand food treatments. Manicures, pedicures, facial & body treatments and many other services. Affordable rent & long lease in place.
Grocery Store in Sidney
$248,000
Esso Gas Station with attached A & W Restaurant in Nanoose Bay (Contact for pricing)
Well established, easy to operate, affordable rent, over 1M in sales.
Outstanding exposure, incredible traffic along the E Island Hwy. Esso service station with attached A&W Restaurant. Self Service gas bar, Propane filling facilities, Diesel, Cardlock and full Esso Convenience Store. Traffic heading both North and South on the Island Hwy have access to the amenities available here. There is a very nice home tucked in the corner of the 4+ acre lot for an owner occupier as well. Beautiful pastoral views, only 6km from Parksville and the village of Nanoose. Current businesses operate with competent managers in place.
Centrally located in a Plaza, well established, good lease in place.
Claire Yoo
“When dealing with Yoo, Bus: Óxä°{ÇÇ°££ääÊÊUÊÊCell: 250.858.6775 YOU ARE #1” Toll Free: nnn°{ÇÇ°££äxÊÊUÊ Fax: 250.477.1150
claireyoo@shaw.ca
Post Office w/Dry Cleaning service
$198,000
Nationally Branded Canadian Franchise $198,000 Nationally branded Canadian franchise offering fruit smoothies and many other nutritious food options for a fast and healthy alternative to those on the go. Located in a major mall with established clientele, this location has been operating for over two years. Perfect turn key operation for an owner operator.” More restaurants and small business are available. Please contact Claire.
Century 21 Queenswood Realty Ltd. 2558 Sinclair Rd., Victoria BC V8N 1B8
www.claireyoo.com
Vancouver Island A25
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
Trailer Park For Sale on Vancouver Island 36 site year round park located on north Vancouver Island. This park caters mainly to loggers. It is a 3 acre lot and includes 5 buildings, a 5-room Atco bunkhouse with attached kitchen, 3 single bunkhouses and a wash house. There are 6 years of ďŹ nancial records available. It generates between 50 to 65 k yearly with management in place. $540,000 To contact for more information, call 250-453-2243 or e-mail : irisandalex@hotmail.com
VANCOUVER ISLAND Comox Valley UĂŠ
- All units individually Strata titled - Almost $1 Mill in renovations recently completed - 2.6 acres highway frontage - 100 person conference room, swimming pool, fitness center, liquor license, elevator - 9.5% cap rate - Absentee owner, tremendous growth opportunity for “hands on ownership� Visit www.parksvilletravelodge.com for a virtual tour
Asking $4,850,000 share sale
Brian Percival 250-951-6372 b.percival@shaw.ca
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WARK REALTY INC.
604.946.8710
Become part of Canada’s TOP DEBT ELIMINATION FRANCHISE
,54"-.0/%!4)"8 $"
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$2,990,000
...be a professional Debt Consultant with 4 Pillars Consulting Group
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7% CAP with 21 year lease and vendors written 3 year guarantee. The lease comes complete with CPI protected ďŹ xed sums and percentage performance rent. Built in 2007, this offering represents fee simple strata titled real estate assets in Victoria BC.
Call Cornell 250-756-9239 cornellp@4pillars.ca www.4pillars.ca 4pillarsfranchise.ca/dc/
Mark Litwin BA Econ, RI(BC), Associate Broker, 250 217 7765 marklitwin@royallepage.ca
Rob Samsom
AACI CCIM FRI PERSONAL REAL ESTATE CORPORATION
1-888-829-7205
www.robsamsom.ca RE/MAX Ocean Pacific Realty
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Coast Capital Realty
PROUDLY CANADIAN
VANCOUVER ISLAND COMMERCIAL www.nanaimoremaxcommercial.com
1-877-335-4380
Jay Cousins Realty
Jay Cousins jay@jaycousins.com
of Nanaimo
Frank Johnson frank@remaxofnanaimo.com
FOR SALE
INVESTMENT OPPORTUNITIES
INVESTMENT OPPORTUNITIES
UÊÊÊ /, Ê " – Almost 2 acres of land fronting on the Millstone River, and next to the Pryde Vista golf course. Located next to a new high quality subdivision on a no thru street. Zoning allows for a single family unit with a suite/carriage house. Fully serviced. fÓää]äää
UĂŠĂŠ Ă“ĂŠ -/, / ĂŠ 1 /-ĂŠ - ĂŠ /, ĂŠ  "ÂŽ For Sale or for Lease. 1,425 Sq. Ft. & 1,100 Sq. Ft. space can be combined for lease. Units are on main level, air conditioning, visual exposure & Strata Corp. has non-compete clause in Bylaws. Available for immediate sale or lease possession. ĂŠ 1Â˜ÂˆĂŒĂŠxĂŠfĂŽx™]äääÊÊÊ1Â˜ÂˆĂŒĂŠ{ĂŠfә™]äää UĂŠ 1 ĂŠ ĂŠ ĂŠ "7 /"7 ĂŠ "ĂŠ ", ĂŠ qĂŠ Main thoroughfare location has great exposure, paved lot, building has 3 bay shop, storage, 2 offices, plenty of uses permitted. Motivated owner. f{{™]äää UĂŠĂŠ ¤Ê ĂŠ , ĂŠ" ĂŠ/ ,, ĂŠ 8*"-1, ĂŠ ,ĂŠ "½-ĂŠ 1- -/ĂŠ / ","1 , – 2 Level 4,000 Sq. Ft. building with 3,800 Sq,. Ft. showroom/warehouse, lots of parking & easy access. Industrial zoning has broad uses. 8 Leasable tenant offices/warehouse spaces show good income fÇ{™]™ää UĂŠ 7 ĂŠ "7 ĂŠ *",/ĂŠ , ĂŠ , ĂŠ 1 ĂŠ qĂŠ Currently used as offices & union hall, approx. 6,990 sq. ft. over 3 floors. P1 zoning allows public assembly, but could be commercially rezoned. f™™x]äää
UÊ 1-Ê " , Ê 6 -/ /Ê "**",/1 /9ÊÊ 3 Unit Complex in prime tourist/business core with good expansion potential. Income at market rents could offer a fx{™]™ää possible 7% CAP rate.
UĂŠ "1,/ĂŠ ", , ĂŠ - - Vacant, 2,160 sqft warehouse. Undeveloped upper level with two large open areas, and two 2-piece washrooms. Main floor is accessed by a pedestrian door and 2 overhead doors. Lower level, of about 2000 sqft, accessed by a pedestrian door and 1 overhead door. ,i`Ă•Vi`ĂŠĂŒÂœĂŠfÓ£™]äää°ää UĂŠ 1 / 9ĂŠ 6 "* /ĂŠ - / - approved for 16 units. No DCC’s, close to downtown Nanaimo with some ocean views. Development permit in place, vendor financing available or joint venture possibilities. ĂŠĂŠ ,i`Ă•Vi`ĂŠfÎä™]™ää UĂŠ ",/ ĂŠ
"Ê " , Ê 6 -/ /Ê *,"* ,/9 - Fully leased 1837 sqft commercial strata unit over 2 floors (935 sq. ft., and 902 sq. ft.). $22,000 per year net income. f{£ä]äää
ÊUÊ 7Ê" Ê/ Ê , / - Approximately 21 acres of multifamily land, zoned R-6, Townhouse Residential. Municipal services to the lot line. Located close to the Beban Park Recreational facility, shopping, and many other amenities. fÓ]™xä]äää°ää
FRANK JOHNSON
U 1 / ‡/ / Ê 69Ê 1-/, Ê*,"* ,/9Ê – Parksville area. 6.2 Acres partially developed with new warehouses, new 4 unit multi-res work/live space, new office building plus existing build to suit tenant in place on 1 acre portion w/ paved & security fenced area. Further 2.5 acres left to continue development plan. Potential income under current configuration in excess of $164,000 annually. REDUCEDÊf£]™xä]äää UÊÊ ÎÊ* , Ê 6 "* /Ê*"/ / Ê" Ê* , -6 É , Ê 7 Y Approx. 79 Acres, corner location. Mining permit in place for pit run, crushing, screening & washing gravel. Owner has been careful to maintain character of the land. Currently zoned rural residential, property could find a higher & better development use. fx]™ää]äää
JAY COUSINS
UĂŠĂŠ "7 /"7 ĂŠ 9- / ĂŠ , ĂŠ 6 -/ /ĂŠ *,"* ,/9 6,000 Sq. Ft. over 2 levels, full renovations in 2005, new roof in 2011, income shows over 7% CAP rate at current occupancy. Quality tenants include upper end retail, MLA ofďŹ ce, fĂˆn™]äää pilates studio
UĂŠĂŠ "1 /,9ĂŠ " 1 /9ĂŠ-/", ĂŠ7 / ĂŠ ĂŠEĂŠ 1 -ĂŠ
1 ĂŠ , – Over 2 acres of land, ample parking, large storage warehouse & terriďŹ c highway exposure. Store specializes in animal feeds, garden products, groceries, produce & hardware. Inventory to be purchased separately on completion. Information f™™n]äää Portfolio.
UĂŠ ÂŁ{ĂŠ1 /ĂŠ "/ ĂŠ7 / ĂŠĂˆĂŠ1 /ĂŠ,6ĂŠ* , ĂŠ – 2 level manager’s residence with office/reception. Outdoor pool, no deferred maintenance issues, consistent highly profitable revenue shows 11% cap. One of the nicest hospitality properties in the mid-Island area. fÂŁ]Ă“{™]äää
UÊ ££äÊ1 /Ê Ê-/", Ê Ê- / , on 3.63 Acres with over 2 acres undeveloped & ready for commercial development. High visibility, 85% capacity year round, outdoor RV & boat storage as f£]ÓÇx]äää well. Great business opportunity
UĂŠ , -",/]ĂŠ "/ ĂŠ EĂŠ * ,"1 ĂŠ ĂŠ +1 1 100% Share Sale – 7.1 Acres of prime riverfront property, includes 36 Motel units, store, ofďŹ ce, manager’s suite, cottages, 2 swimming pools, mini-golf & playground. Healthy proďŹ t picture for this exceptionally well maintained investment property fĂŽ]ÂŁĂ“x]äää
JAY COUSINS
www.nanaimoremaxcommercial.com
1-877-423-0984
INVESTMENT OPPORTUNITIES U /, ĂŠ "ĂŠ *," -- " ĂŠ " ĂŠ 1 600 sq. ft. dwelling on large 7,297 sq. ft. level lot. Layout includes 3 ofďŹ ces plus reception. Zoning allows multitude of uses including medical, dental accounting, legal etc . f£™™]™ää UĂŠ +1 /9ĂŠ " ĂŠ 1 ĂŠ "7 /"7 ĂŠ " on busy thoroughfare. Recent renovations show high end restoration of interior & exterior. Approx. 4,100 SqFt includes full kitchen for staff, patio seating, open modern plan. Easy access & paved fĂˆÂ™Â™]äää parking. For Sale or Lease UĂŠ £™Ê1 /ĂŠ, 6 , ," /ĂŠ "/ ĂŠ" ĂŠĂ“ĂŠ , -ĂŠ ĂŠ* , -6 ĂŠ Unique rural feel to property with fourplexes, duplexes, and single freestanding units. Redevelopment opportunity includes existing revenue stream, owners residence, large open area, City water and a motivated seller. fǙx]äää UĂŠĂŠ , " ĂŠ - ĂŠ7 / , ," /ĂŠ " – Includes a turnkey pub/restaurant in a 1 ½ storey rustic log building. 10,000 Sq. Ft. of rooms & dining/eating area. Large deck takes in the gorgeous views. Over 4.9 acres of undeveloped land available for further expansion. Info Portfolio available. fÂŁ]Ǚx]äää UĂŠ , ĂŠ7 / ĂŠ 1 ĂŠ " ĂŠHigh visibility Mid-Island location, concrete engineered docks, steel pilings, security gate with ramps, direct metered 50 amp hydro capacity. Quality look and feel, no vacancies, excellent cash flow. fÂŁ]Ǚx]äää U " ĂŠ ĂŠ -/", ĂŠ /9 110 Units with 29 steel containers offering extra rental space all on 2.5 Acre parcel. Additional rental income from residential & commercial tenants. Consistent 95% occupancy. Current Appraisal establishes , 1 fĂ“]Ă“{™]äää asking price.
BUSINESSES U Franchise Fitness Business South NanaimoÊ U Used books / consumer services retail – Nanaimo UÊSeasonal Wreath Business – Qualicum U Ricky’s All Day Grill Franchise – Courtenay
JAY COUSINS
fĂˆÂ™]™ää fn™]äää f£Ó™]äää fĂ“{™]äää
A26 Vancouver Island
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
JUDY GRAY, CCIM
Business Is Better On Vancouver Island
1.800.600.1718 Suite 103–1801 Bay Street, PO Box 195, Ucluelet. BC. MID-ISLAND REALTY Canada V0R 3A0
LOT 5 PENINSULA ROAD $345,000 Foreclosure. Ucluelet Inlet Development Land, 1.25 acre. 1871-1891 PENINSULA Rd $369,000 Three lots 18720 sq. ft. cleared, surveyed & topo survey available. Mountain & Inlet views. CS 5 zoning. LOT 2 ST. JACQUES BLVD. $399,000 Forty unit multi-family dev. site. Fully serviced/underground. Central location. LOT 33 & 34 RAINFOREST & LOT A MARINE DRIVE $695,000 Three commercial/residential mix properties. Possible multi-family. Well located LOT 1 MARINE DRIVE $750,000 1.58 Semi-Waterfront fronting Big Beach Park. CD 2 zoning, neighbourhood pub among options available. 1766 CYPRESS ROAD $196,500 Village Square harbour view. Former fishing village home converted to offices.
www.judygray.com
TWO PRIME LOCATIONS WITH HUGE POTENTIAL AS CAREHOME OR CONDO SITES
LANGFORD CONDO SITE APPROVED FOR UP TO 188 UNITS EXCELLENT LOCATION LOCATED NEXT TO COSTCO, FOUR POINTS SHERATON, HOME OUTFITTERS AND OTHER HIGH PROFILE RETAILERS 2.34 ACRES OF INCREDIBLE POTENTIAL $4,399,000
For Sale 2.05 Acre Prime Development Site - North Nanaimo
$2,900,000
On Old Island Highway adjacent to Long Lake.
Light Industrial Land and Buildings - Chemainus
$1,995,000
3.83 acres with 5 buildings on site.
253 Acre Development Property - Sproat Lake Area
$1,700,000
Commercial Land and Building - Downtown Parksville
$1,495,000
0.85 acre with 3,870 sq ft building on Island Highway.
3.79 Acre Light Industrial Land - South Nanaimo
$1,395,000
Suitable for single or multiple users/uses and subdividable.
Strata Commercial Unit - Central Nanaimo
$ 849,000
4,417 sq ft office with 12 offices, boardroom, reception and lunchroom.
Commercial Development Property - Nanaimo
$ 795,000
1.2 acres with CC-1 zoning beside Nanaimo Parkway.
Commercial Re-Development Property - Downtown Nanaimo
COMOX EXCELLENT SITE FOR CAREHOME OR CONDO DEVELOPMENT $3,000,000 CENTRALLY LOCATED AND ADJACENT TO MAJOR BRANDS SUCH AS: SHOPPERS DRUG MART, SUBWAY, A&W
$ 695,000
2 legal lots on Victoria Crescent with 4,900 sq ft building.
Lakefront Pub and Land - Lake Cowichan
$
674,000
Approximately $300,000 spent on improvements since February 2009.
3.46 Acre Light Industrial Property - South Nanaimo
$ 549,000
Residential Development Property - Nanaimo
$ 479,000
4.88 acre property near the Nanaimo Parkway.
Commercial Land and Building on Island Highway - Campbell River
$ 419,000
Vacant 0.92 acre property. Please visit our website or call for more details.
monarkinvestments.ca
604-592-7250
Financing Available. Potential Trades.
Commercial Land and Building Zoned DT-2 - Nanaimo
$ 395,000
1,395 sq ft office building in Old City Quarter.
Commercial Property Zoned COR-3 - Nanaimo
$ 325,000
2 lots on Kerrisdale Road totaling 19,600 sq ft.
Character Office Building - Nanaimo
$ 279,000
950 sq ft, high traffic area. Corner lot, 4,050 sq ft, zoned DT-8.
ED HANDJA PERSONAL REAL ESTATE CORP. & SHELLEY MCKAY Your Ê"Vi> vÀ ÌÊ/i> Specializing in Unique Coastal Real Estate in British Columbia
`\ÊÓxä ÓnÇ ä䣣ÊUÊ- i iÞ\ÊÓxä nÎä {{ÎxÊ/ Ê Àii\Ê£ nää xÈÎ ÇÎÓÓ i` > ` >JLV Vi> vÀ Ì°V ÊEÊà i iÞ V >ÞJLV Vi> vÀ Ì°V
Commercial Property Zoned COR-3 - Nanaimo
$ 260,000
9,800 sq ft lot with 1,037 sq ft office off Bowen Road.
Hangar Building and Office - Campbell River Regional Airport
$ 249,000
Light Industrial Strata Unit - Nanaimo
$ 219,000
Approximately 1,315 sq ft unit new and unused for your business.
Light Industrial Strata Unit - Central Nanaimo
Call for Details
Large warehouse with appointed office space.
Featured Listings Investment Property PORT HARDY RIVERFRONT ACREAGE Unique opportunity! 3.6 riverfront acres easy access, level property on the banks of the Quatse River offers diverse development potential with multiple possible uses! Zoned light industry and located just minutes from Port Hardy on North East Vancouver Island. There are hydro, sewer and water services to the property, highway and river frontage and good road access. $339,000
AQUACULTURE OPPORTUNITIES Rafts and growing equipment included. Productive growth sites in well-protected locations. UÊÊÓä³Ê>VÀiÃÊ vÊLi>V Ê> `Ê`ii«ÊÜ>ÌiÀÊ i>Ãi on West Redonda Island plus 1-acre oceanfront with cabin. Includes producing stock. $499,000 UÊÊ{°Ç Ê >VÀiÊ Ü>ÌiÀÊ ÌÊ i>Ãi and °ÇÊ >VÀiÊ Li>V lease on south end of Cortes Island. Ê f£Óä]äää
Located in Coombs, this 18.81 acre site on the Alberni Hwy includes a mobile home park and commercial lease revenue. Well priced at an 8% cap rate.
Offered for sale at $2,775,000 Heavy Industrial Property Located at Duke Point in Nanaimo this 5 acre site is paved and fenced and includes an approximately 18,000 sq ft building.
Offered for sale at $2,000,000 Approved for a Complex Care Facility - Ladysmith $ 1,700,000 5 acres of oceanfront with plans in place for a 24 unit facility.
Saratoga Beach Golf Course - Black Creek
$ 1,419,000
37.47 acre redevelopment property with executive style golf course under foreclosure.
Unique Commercial Offering - Downtown Nanaimo
$ 1,375,000
5,500 sq ft warehouse/shop, 1,400 sq ft house and parking lot.
703 FLOATPLANE OPERATION Located on the British Columbia coast, this floatplane operation is an established, profitable and well-situated business with an excellent asset base. Domestic and International Licenses, share sale.
$1,350,000
SUBSTANTIAL VANCOUVER ISLAND ACREAGE ÓänÎÊ >VÀià in the Comox Valley on south central Vancouver Island ideal for a significant `iÛi « i ÌÊ «À iVÌÊ ÀÊ >}À VÕ ÌÕÀ> Ê `iÛi « i Ì. Over 3350m of Trent River frontage, a nice flat topography and substantial highway frontage. This region provides access to year-round recreation as well as all essential services and amenities. f{]Ç ä]äää
www.bcoceanfront.com
marketing your franchise? Call the
1-800-661-6988 • (604) 669-8500 • westerninvestor.com
Green Rock Industrial Park 9,710 to 59,376 sq ft $199,000 to $834,000
24 Light Industrial Lots in prime Nanaimo Location Excellent highway access and “Green” construction.
Business Opportunities SEWING MACHINE AND QUILTING RETAIL BUSINESS—Nanaimo
$ 180,000
FRANCHISED FAMILY RESTAURANT—Ladysmith
$ 189,000
AWARD-WINNING KITCHEN AND BATH BUSINESS—Sidney
$ 199,000
ESTABLISHED PLUMBING AND HEATING BUSINESS—Nanaimo
$ 225,000
JUMPING JIMINY’S PLAYLAND AND CAFÉ—Nanaimo Well known children’s entertainment business
$ 399,000
WHOLESALE DISTRIBUTOR BUSINESS ONLY—West Coast Vancouver Island
$ 549,000
ESTABLISHED PLUMBING AND HEATING BUSINESS—Nanaimo On 7,560 sq ft lot with 1,300 sq ft building
$ 550,000
RETAIL BUSINESS & DEMOLITION CONTRACTOR—Central Vancouver Island New and used building materials
$ 775,000
WHOLESALE DISTRIBUTOR—West Coast Vancouver Island On 1.039 acres with 7,320 sq ft building
$1,295,000
LIQUOR STORE IN LEASED PREMISES—South Vancouver Island
$1,500,000
PUB AND LIQUOR STORE—Coombs
$1,900,000
FRANCHISED MOVING AND STORAGE CO.—Central Vancouver Island
$2,550,000
LIQUOR STORE WITH LAND AND BUILDINGS—Port Alberni With Commercial Tenant
$2,900,000
Gerry Van Vaals Personal Real Estate Corporation DTZ Barnicke Nanaimo Ltd. gerry.vanvaals@dtzbarnicke.com
Tel: 1 800 769 5757
www.dtznanaimo.com
A27
WESTERN INVESTOR APRIL 2012 www.westerninvestor.com
From: Re/Max Crest Realty (Westside), Vancouver. Re/Max listing agents JT Lee and John Lee of Re/Max Central, with selling agent Terry Stephenson of Royal LePage Wolstencroft, announce the following sale: Deal: 9,724-square-foot industrial property on 0.62 acres on 202 Street, Langley. Sold at a 4.81 per cent cap rate. Price: $1.47 million. From: DTZ Barnicke, Vancouver. DTZ Barnicke commercial agent Ryan Saunders announces the following. Deal: 8,531-square-foot light industrial building, West 8th Avenue, Vancouver. Recently renovated. Sold to an owner/occupier. Price: $1.70 million. From: DTZ Barnicke, Vancouver. DTZ agent Conor Finucane reports the following sales: Deal: 8,500-square-foot building, zoned light industrial/office, on West 8th Avenue,
Deal: 16 rental apartment suites, plus four commercial stores. Nelson Street, Burnaby. Price: $3.38 million Deal: 14-unit apartment building, Point Grey, Vancouver, near UBC. Price: $5.20 million. Deal:12-unit apartment building, Carnarvon Street, New Westminster. Price: $1.8 million.
From: HQ Realty Ltd., Vancouver, HQ agents David and Mark Goodman report the following sales: Deal: 24-suite apartment building, Stewart Avenue, Nanaimo. Price: $2.07 million. Deal: 22-suite apartment building, Selkirk Street, Vancouver. Price: $3.85 million. Deal: 31-suite apartment building, Burlington Street, Burnaby. Price: $5.00 million.
Recently completed a major commercial real estate deal? Send details for a free report here to: wieditor@biv.com.
Photo: DTZ Barnicke
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Vancouver. Sold to Digitel Film Group. Price: $3.50 million. Deal: 9,076-square-foot office/warehouse building on 9,052-square-foot lot, West 5th Avenue, Vancouver. Sold to Aeon Stone. Price: $2.66 million. (Note: Information on these sales was published incorrectly last issue.)
Industrial building, Vancouver, sold for $1.70 million
From: NAI Commercial, Vancouver, NAI vice-president Terry Harding and associate Jackson Tang report the following sales: Deal: 42-unit apartment building, Port Moody, could be strata. Price: $11.28 million. Deal: 29-unit apartment building, West 2nd Avenue, Vancouver. Price: $9.20 million. Deal: 25-unit apartment building, Laval 42-suite building with strata potential, Street, Coquitlam. Price: $2.95 million. Port Moody, sold for $11.28 million
Photo: Re/Max Crest Realty (West Side)
one Deals is our monthly feature highlighting some of the major real estate transactions completed recently in Western Canada’s vibrant commercial real estate market.
Our readers report on new commercial real estate deals across Western Canada
Photo: NAI Commercial
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Industrial building, Langley, sold for $1.47 million.
7BODPVWFS *TMBOE
NANAIMO & VANCOUVER ISLAND PROPERTIES 3 ACRE TOWNHOME DEV SITE Stunning ocean view up to 30 units. $995,000
DEVELOPMENT SITES & LAND 1.0 ACRE COMMERCIAL DT 11 ZONED PROPERTY With 3 separate buildings. Used formerly as Sunglow Lumber & 2nd hand store outlet. Property is assessed value over $1 million. $569,000 OCEAN VIEW DEVELOPMENT SITE 21 condos or 8 townhomes. $379,500 JUST LISTED; FANTASTIC OCEAN VIEW RM-5 Dev site, unrestricted views, overlooks cruise ship pier. Approved for 35 condos, No DCC’s. $729,000 6 ACRE DEVELOPMENT SITE Zoned RM5, 4 Phases approved for townhome & condos. Central Nanaimo. Asking $2,390,000 FINANCING AVAILABLE
NANAIMO BEST BUY! MIDRISE DEVELOPMENT SITE Located in the Downtown core. Nanaimo: Commercial or condo site. $269,000 NOW $199,000 Excellent Buy 2 ACRE COUNTRY LOT ZONED FOR 2 HOUSES Allows for Bed & Breakfast, dog kennels, country market, campgrounds. City water. $298,000
1* 8Ê "/Êf£Ó™]äääÊÊUÊ{Ê* 8Ê "/Êf£™™]äää COUNTRY ESTATES DEVELOPMENT SITE 23 ACRES $459,000 50 ACRES, $995,000 43 ACRES $859,000 Adjoining properties, 1 mile from city limits, Zoned for 5 acre lots
DALE SHORTT
INCOME PRODUCING + REVENUE PROPERTIES
HOTELS & PUBS
FORECLOSURE COURT ORDERED SALES
NORTH ISLAND HOTEL & PUB, WINE & BEER STORE 30 renovated rooms generating $8,000 monthly. $1,595,000 FULL FACILITY SUPER 8 MOTEL Central/southern Vancouver Island. High profile Location. 35 rooms, + 20 suites with leased 125 seat pub and Smitty's 120 restaurant. 1.5 acre property on Trans Canada. $3,600,000
OCEANVIEW 3-PLEX South Vancouver Island. Excellent Income. 3 separate titles. $369,000 NANAIMO DUPLEX 3 bedrooms per side, 2 separate titles. Excellent income. $424,900 5 RENTAL HOMES – All together 5 sep. adj. lots. Starting at $169,900 or all for $1,150,000. Seller will finance.
CONDOS & HOMES PACIFICA OCEAN FRONT CONDOS 38 Front Street Units for sale. Walk-on waterfront townhome $509,000 no HST. Call Dale for other units available.
JUST LISTED 21 UNIT TOWNHOMES REVENUE PROPERTY ON THE GOLF COURSE. 2 & 3 bedroom units, private patios. Monthly income: over $20,000, assumable mortgage. Ideal property to hold or strata conversion. $2,875,000
DEPT BAY BEACH FRONT HOME This smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach right out off your front veranda. $649,000
12 UNIT APARTMENT BLOCK. Renovated. $8,000/monthly revenue. Financing available. $1,180,000 STRIP MALL Across the road from the beach, 10,200 sq.ft. 3 commercial spaces. 4 strata condo rental units. Monthly income over $11,000 ASKING $2,250,000
WATERFRONT CONDO TRADES WELCOME $425,000 With swimming pool and hot tub and boat moorage. 2 bedroom, 2 bathroom in Yellow Point. www.yellowpointmemoRIES COM Seller will finance with low down or take trade! Owner will take a condo in Vancouver in trade.
Bus: s Toll Free
1-800-665-8313
4RANS #ANADA (IGHWAY ,ADYSMITH " # 6 ' ! s %MAIL DALESHORTT SHAW CA
5 PLEX NANAIMO 5 meters, over $4,500 monthly revenue. Covered parking. Storage lockers. Separate meters. Asking $749,500
Ocean Pointe
THE GLOBE HOTEL $1,395,000 Opened in 1887 – restored 3 storey masonry building. Home to 145 seat pub restaurant. Full functioning kitchen. 8 – 1bdrm suites. Great investment & return.
NANAIMO RESTAURANT FOR SALE OR LEASE Land, building plus parking lot. Fully equiped. Beautifully renovated. $728,000
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A28
www.westerninvestor.com APRIL 2012 WESTERN INVESTOR
COMMERCIAL
RE/MAX TREELAND REALTY
RE/MAX LITTLE OAK REALTY
RE/MAX BOB PLOWRIGHT REALTY
#101 6337 - 198 Street, Langley, B.C. V2Y 2E3 Tel: (604) 533-3491 Fax: (604) 533-0202 Toll Free at 1-888-707-3577
2630 Bourquin Crescent West, Suite 9, Abbotsford, B.C. V2S 5N7 Tel: (604) 859-2341 Fax: (604) 850-2325 Toll Free at 1-800-668-8661
7300 Vedder Road, Suite 1, Chilliwack, B.C. V2R 4G6 Tel: (604) 858-7179 Fax: (604) 858-7197 Toll Free at 1-800-830-7175
COMMERCIAL BUYER/TENANT REPRESENTATION
Have you done a proper Lease vs. Buy Analysis? A CCIM provides more resources than other Realtors can! Have your Commercial Professional source your requirements: Properties, Bylaw Compliance, Investment Analysis, Negotiations. Call or email David! YOUR AGENT works for YOU!
DEVELOPMENT SITES
BURNABY Rare opportunity to buy, subdivide and
RACT IN CONT
develop 2 downhill Cul-De-Sac residential lots in Montecito area of Burnaby! 11,000 sq. ft. lots will take 4700 sq. ft. houses. For Developer/Builder only. $650,000 CLS # V4029426 – Call or email David
IDEAL INVESTMENT PROPERTY
HELP IN STARTING OR EXPANDING YOUR INVESTMENT PORTFOLIO, LETS CHAT, COFFEE ON ME.”
xPerfect for new or small investors xCurrently leased by the BC Liquor Control Board as a liquor store since 1996 xLocated in downtown Agassiz, BC xEasy to own, easy to manage
SALE $519,900 16 SUITE MULTI FAMILY DEVELOPMENT SITE
in Prospect Park close to
xOffered at CAP RATE of 5.69% xComprised of 2 separate titles .78 acres xFuture Development Site xIn City’s Official Community Plan 28 to 54 units per acre, 4 storey residential
Highway. 5 bays, offices on
SALE $1,295,000
opportunity. Well kept up,
storefronts of approximately 975 sq ft each: take one or both. Prime retail exposure in a high traffic corridor on the border of Coquitlam and PoCo. $18.00 Sf. Close to Coquitlam Centre. Cls # v4029643 – Call or email David
102-2748 Lougheed Hwy., Port Coquitlam, B.C. Tel: (604) 942-0606 Fax: (604) 942-9533
FOR SALE IN CHILLIWACK
“LOOKING FOR SOME
U Fort St John, Investment
RETAIL LEASE SPACE Two retail
RE/MAX SABRE REALTY GROUP
light Industrial building
main and above with lunch
CHWK ACREAGE - 2 TITLES
x2,843 sq. ft. 4 Bdrm Home x1 Acre Industrial Property xZoned CD14 - Outside
70 x 80 Barn
age sheds. $1.1 Million . UÊ->ÞÊ} `LÞiÊÌ ÊÞ ÕÀÊL ÃÃ]Ê
LIVE/WORK PROPERTY
x14.35 Acres of land xIncludes 6 Bdrm Home +
room. Fenced yard with stor-
xAlso available w/separate
Storage
title 7.5 acre land
SALE - FARM: $795,000 LAND: $419,000
SALE $579,900
BUSINESS FOR SALE
INVESTMENT PROPERTY
and come own this turnkey biz in Abbotsford. Auto Body
x.29 Acre lot zoned CSI xCommercial on bottom floor xResidential on top floor xFully leased ± 3,798 sq. ft.
xSandwich Tree Franchise xEasily run by couple or
biz for sale. $159,000.
family xThis business makes
money
building
SALE $59,900
SALE $598,800
FORECLOSURE PROPERTY
HIGH PROFILE RETAIL
UÊ{ ä ä ä Ê Ã µ Ê v Ì Ê } Ì Ê RETAIL STORE FOR SALE ‘2568 Kingsway Ave in
Port Coquitlam – presently a convenience store Property only for sale not the business – don’t ask for business numbers please 821 Sq. Ft. $339,900.00 CLS#V4030247 – Call or email David
DAVID KEARNEY CCIM
www.davidkearney.com dkearney@remax.net
604-942-0606 Toll Free:
1-888-942-0606
RE/MAX SABRE REALTY
` Õ Ã Ì À > Ê i Ü i À Ê Ó ä ä Ç ®ÊÊ building in Dawson Creek,
xGood street exposure xPlenty of City Parking xRenovated in 2007 x11,293 sq. ft. lot
BC.
RAY YENKANA CCIM, ABR 1-800-668-8661
SALE $695,000
SALE $690,000
AIRPORT HANGAR W/OFFICE
MULTI-FAMILY COMPLEX
rayy@remax.net www.rayyenkana.com (listing details)
x 2 kitchens, 2 washrooms,
SPECTACULAR VIEW 36.4 ACRE PROPERTY – ABBOTSFORD
xFully Rented x12 unit townhome Complex xLocated in Hope, BC x.629 acres Lot xOpportunity to increase value
2 reception areas, 15 offices, 7000 sf hangar with 2 x 2.5 ton hoists etc. Can be leased separately.
Follow me on Twitter @rayyenkana
RE/MAX LITTLE OAK REALTY
23,756 sq. ft. lot located on corner intersection xPartially finished building xDevelop and realize profit x
SALE $850,000 or LEASE FROM $6/s. f.
SALE $889,000
LIVE/WORK OPPORTUNITY
BUSINESS & PROPERTY xLiquor Store & Pub, on 1
xMixed use 3,250 sq. ft. x3 bdrm residential suite x4 Bays, in floor radiant
One of a kind awesome view, overlooking Fraser river & Valley farms. Ideal building site for the exclusive country estate. Fully useable farmland for berries or livestock. $2,188,000
acre of land xLocated on busy road xPrice includes: business,
heat and individual meters
768 ACRE 5 TITLE CATTLE RANCH AND PLAYGROUND
SALE $689,900
land, equipment and building
Harrison Hot Springs-SALE
$599,900
FOR LEASE IN CHILLIWACK Lease From $8/sq ft
An ideal opportunity for any individual, family, or group purchaser. This working cattle ranch also prvides a private year round playground that may be coupled with a significant bed and breakfast business. Go hunting, fishing, hiking or horseback riding for miles on trails suitable for ATV’s in summer and snowmobiles or cross country skiing in winter. Snowboard and ski the ranches own private downhill run. Currently set up to raise 250 to 300 head of cattle this ranch is Located just off HWY 97, 20 minutes South of Quesnel B.C. The 768 acre property has 5 titles plus approximately 3000 acres of attached range lease with water licence for irrigation. Beautifully finished and landscaped the 10 yr old 1730 Sq. Ft. ranch house has a panoramic view of the Fraser River Valley. Also included a 1400 sq. ft. cabinet shop, a 24’x40’mechanic shop, a 2880 sq. ft. machine shed, a bunk house, a 3 yr old 72’x80’ hay barn, and a large older log barn for cattle and 100 tons of hay.
Excellent value! Offered at $960,000 Call or email roy@mufford.com for additional pictures.
CALL ROY
MUFFORD 604-533-3491
RE/MAX TREELAND
Lease From $12/sq ft
xHigh Visibility, on busy main road xRetail 2,270 sq. ft. on 1st floor xExcellent exposure on busy road xFrom 746 sq. ft. to 2,697sq. ft. xPlenty of on-site parking xOn site parking
Lease from $10$12/sq ft xNear Courthouse/City
Centre xSpace available 1091 to 1665 sq ft
xOffice and/or retail space xUp to 4,450 sq. ft. Full HVAC x9 private offices, reception etc.
Long standing business in art school instruction, art framing and Giclee printing. Good street location in Walnut Grove and good list of regular students plus instructors. Expand the framing and print business for extra profit. Fine chance to explore your talent in business and art. $199,900 so call me today for details.
RE/MAX 2000
x Commercial Retail/Office xOn Site Parking - Zoned CSM x2 Units (1,472 & 2,671 sq. ft.)
1-800-830-7175 - 604-858-7179 bob@bobplowright.com www.bobplowright.com
A1 Zoning, 2547 sq. ft House, second dwelling allowed, 30’X114’ Shop 14 ‘ doors, 400 Amp power, 3 phase available, city water plus water license for irrigation, good flat land 3 Barns 72’X160’, 50’X115’, 69’X97’ plus other buildings
dave@fraservalleysales.com
Lease $9-$10/ sq ft
Bob Plowright RE/MAX Bob Plowright Realty CHILLIWACK, BC
THE ART OF BUSINESS
DAVE ABBOTT 1-888-296-8060
xLots of city parking close by x2 Office spaces upstairs xLocated in busy downtown area
Lease $9/sq ft
61.85 ACRES - FRASER VALLEY
Great buy at $2,400,000
Lease From $6/sq ft
JEREMY SUTTON 604-657-8921
RE/MAX TREELAND