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Own Your Office and Save!

OWN YOUR OFFICE FOR $1 DOWN SAVE 37% COMPARED TO LEASING

GLENLYON CORPORATE CENTER 4300 NORTH FRASER WAY, BURNABY

IT EE S O IT D T E VE E N E I L BE TO E T IM D IT E L IM ER OF F

FOR SALE • New AAA Office Building • Strata Office Space • Units From 1411 - 5265 sq/ft

www.glenlyon.ca Presentation Centre 4300 North Fraser Way, Burnaby BC

Hours: 10am-4pm weekdays or by appointment Contact: (604) 434-1434 Email: sales@glenlyon.ca


BUILDING FEATURES • • • • • • • • • • •

New AAA office building Built in 2009 - never been occupied 10 ft. ceilings on both G/F and 2/F Low E double glazed sealed glass - 4” deep 2500 lb elevator 3 phase, 500 kva, 12/2080 volts electrical power Deep cell parabolic lighting – T8 Lamps Fibre optic capability (Telus & Allstream) Weather sheltered bicycle racks Showers and change rooms Restrictive convenants on title providing a quality controlled neighborhood • 112 parking spaces

BUILDING LOCATION • Conveniently located in the Glenlyon Business Park along North Fraser Way in the Big Bend area of South Burnaby • Just east of the City of Vancouver • Bus stop in front of building • 10 minutes to Edmonds Skytrain station by bus • 15 minutes to Metrotown by bus • Close to 2 major shopping centres • Amenities Nearby: Marine Way Market, Starbucks, Cactus Club, Tim Hortons, McDonalds, PriceSmart Foods, White Spot and London Drugs • Walking distance to Riverway Golf Course • Extensive walkways along river and business park

4300 NORTH FRASER WAY,

HEU

www.glenlyon.ca


AVAILABILITY AND STRATA PRICING Strata Lot

Area Sq/ft

Selling Price $Sq/ft

Selling Price Per Unit

1

2,483

395

$980,785

2

1,608

395

$635,160

3

1,519

395

$600,005

4

1,534

395

$605,930

5

1,411

395

$557,345

6

4,490

375

$1,833,750

7

4,096

375

$1,536,000

8

2,483

SOLD

Building Information

9

1,490

SOLD

Total Building Area

10

1,515

425

41,522 sq/ft

$643,875

Common Area - G/F

3,172 sq/ft

Common Area - 2/F

3,144 sq/ft

11

1,537

425

$653,225

12

5,265

400

$2,106,000

13

3,556

400

$1,422,400

14

1,819

410

$745,790

Total

35,206*

*Net Leasable

35,206 sq/ft

CPI-Consumer Index 5 Year Increase CPI

2.5% 13.14%

Strata Information Common Area Budget Annual: $179,416 Per Sq/ft: $5.10

WHAT DOES IT COST TO OWN?

Taxes Estimated Annual: $127,062

Strata Lot

Down Payment $

Net Annual Cost $Sq/ft**

Common Area $Sq/ft

Estimated Taxes $Sq/ft

Total Cost To Own $Sq/ft

1

1

14.71

5.10

3.61

23.42

2

1

14.71

5.10

3.61

23.42

3

1

14.70

5.10

3.61

23.41

4

1

14.70

5.10

3.61

23.41

5

1

14.70

5.10

3.61

23.41

6

1

13.96

5.10

3.61

22.67

7

1

13.96

5.10

3.61

22.67

8

1

SOLD

1st Mortgage = 60% of value

9

1

SOLD

@ 4% for 5 year term,

10

1

15.82

5.10

3.61

24.53

25 year amortization

11

1

15.82

5.10

3.61

24.53

12

1

14.51

5.10

3.61

23.22

@ 4% for 5 year term,

13

1

14.89

5.10

3.61

23.60

25 year amortization

14

1

15.26

5.10

3.61

23.97

Per Sq/ft: $3.61 Based on Net Leasable Area 35,206 sq/ft **Total Net Cost per sq/ft = Monthly Mortgage Cost – Principal Reduction (5 yrs avg)

Financing Information

2nd Mortgage: vendor will provide balance of purchase price

www.glenlyon.ca


WHAT WOULD IT COST TO LEASE? Strata Lot

Area Sq/ft

Annual NNN Rent $Sq/ft*

Common Area $Sq/ft

Estimated Taxes $Sq/ft

Leasing Information

Gross Up 15.21%

Total Cost Lease

Annual budget if leasing

$202,551

Based on total building area 41, 522 sq/ft

1

2,483

19

4.88

3.06

4.10

31.04

2

1,608

19

4.88

3.06

4.10

31.04

3

1,519

19

4.88

3.06

4.10

31.04

4

1,534

19

4.88

3.06

4.10

31.04

5

1,411

19

4.88

3.06

4.10

31.04

6

4,890

19

4.88

3.06

4.10

31.04

Building Information

7

4,096

19

4.88

3.06

4.10

31.04

Total Building Area

8

2,483

19

SOLD

Common Area - G/F

9

1,490

19

SOLD

Common Area - 2/F

10

1,515

19

4.88

3.06

4.10

31.04

11

1,537

19

4.88

3.06

4.10

31.04

12

5,265

19

4.88

3.06

4.10

31.04

13

3,556

19

4.88

3.06

4.10

31.04

14

1,819

19

4.88

3.06

4.10

31.04

Total

35,206

*$19 NNN rent per sq/ft based on estimated market rent for comparable lease space

Net Leasable

41,522 sq/ft 3,172 sq/ft 3,144 sq/ft 35,206 sq/ft

CPI-Consumer Index 5 Year Increase CPI

2.5% 13.14%

Financing Information 1st Mortgage = 60% of value

@ 4% for 5 year term,

25 year amortization

2nd Mortgage: 40% of value vendor will provide balance of

OWNING VERSUS LEASING

purchase price

Strata Lot

Total Net Cost Sq/ft

$Sq/ft Saving Owning vs. Leasing

% Saving Owning vs. Leasing

1

23.42

7.62

32.52%

2

23.42

7.62

32.52%

3

23.41

7.63

32.57%

4

23.41

7.63

32.57%

5

23.41

7.63

32.57%

6

22.67

8.37

36.90%

7

22.67

8.37

36.90%

8

SOLD

9

SOLD

10

23.53

6.51

26.52%

11

23.53

6.51

26.52%

12

23.22

7.82

33.66%

13

23.60

7.44

31.51%

14

23.97

7.07

29.48%

@ 4% for 5 year term,

25 year amortization

www.glenlyon.ca


INCREASE IN YOUR NET WORTH Strata Lot

Area Sq/ft

Selling Price Sq/ft

Selling Price Per Unit ($)

Down Payment ($)

Loan

Loan at the end of 5th year

Total Total Increase Increase in equity In (Net Equity Worth) %

1

2,483

395

980,785

1.00

980,785

24,520

128,875

1,109,660

126,972

853,811

255,849

23.06

2

1,608

395

635,160

1.00

635,160

15,897

83,460

718,620

82,226

552,837

165,686

23.06

3

1,519

395

600,005

1.00

600,005

15,000

78,841

678,846

77,675

522,238

156,686

23.06

4

1,534

395

605,930

1.00

605,930

15,148

79,619

685,549

78,442

527,395

158,061

23.06

5

1,411

395

557,345

1.00

557,345

13,934

73,235

630,580

72,153

485,106

145,388

23.06

6

4,890

375

1,833,750

1.00

1,833,750

45,844

240,955

2,074,705

237,398 1,596,072 478,353

23.06

7

4,096

375

1,536,000

1.00

1,536,000

38,400

201,830

1,737,705

199,851

1,336,915

400,681

23.06

8

2,483

SOLD

1.00

SOLD

9

1,490

SOLD

1.00

SOLD

10

1,515

425

643,875

1.00

643,875

16,097

84,605

728,480

83,346

560,520

167,960

23.06

11

1,537

425

653,225

1.00

653,225

16,331

85,834

739,059

84,567

568,658

170,401

23.06

12

5,265

400

2,106,000

1.00

2,106,000

52,650

276,728

2,382,728 282,844 1,823,355 559,373

23.48

13

3,556

400

1,422,400

1.00

1,422,400

35,560

186.903

1,609,303

184,144

1,238,256

371,047

23.06

14

1,819

410

745,790

1.00

745,790

18,645

97,997

843,787

96,550

649,240

194,547

23.06

Total

35,206.00

Building Information

Financing Information

Total Building Area

1st Mortgage = 60% of value

41,522 sq/ft

Annual Increase Value at Total Increase In Value the end of Principal In CPI* 5th year 5th year Paid CPI* ($) 5th year

Common Area - G/F

3,172 sq/ft

@ 4% for 5 year term,

Common Area - 2/F

3,144 sq/ft

25 year amortization

*Net Leasable

35,206 sq/ft

2nd Mortgage: 40% of value vendor will provide balance of

CPI-Consumer Index 5 Year Increase CPI

2.5% 13.14%

purchase price

@ 4% for 5 year term,

25 year amortization

www.glenlyon.ca


$557,345 $1,833,750

$980,785

1,411 sq/ft

4,890 sq/ft

2,483 sq/ft

$635,160

$1,536,000 1,608 sq/ft $600,005

4,096 sq/ft

1,519 sq/ft $605,930

ertake their own inquiries as to the accuracy of the

1,534 sq/ft

LEGEND Common Area 3,172 sq/ft Area Available: 17,541 sq/ft

The information contained herein which we deem reliable and, while thought to be correct, is not guaranteed by Glenlyon Corporate Centre. Any interested party should undertake their own inquiries as to the accuracy of the information. www.glenlyon.ca


$2,106,000

$2,106,000

SOLD SOLD

SOLD Sale Price: $1,013,064 Sale Price: $1,013,064

2,483 sq/ft

5,265 sq/ft

2,483 sq/ft

$1,422,400

SOLD SOLD SOLD Sale Price: $607,920 Sale Price: $607,920

1,490 sq/ft

5,265 sq/ft

3,556 sq/ft 1,490 sq/ft

1,515 sq/ft

$643,875

3,556 sq/ft

$643,875

1,515 sq/ft $653,225

1,537 sq/ft

$1,422,400

$745,790

$745,790

$653,225 1,819 sq/ft

1,537 sq/ft

1,819 sq/ft

LEGEND Common Area 3,144 sq/ft Area Available: 13,692 sq/ft

The information contained herein which we deem reliable and, while thought to be correct, is not guaranteed by Glenlyon Corporate Centre. Any interested party should undertake their own inquiries as to the accuracy of the The information contained herein which we deem reliable and, while thought to be correct, is not guaranteed by Glenlyon Corporate Centre. Any interested party should undertake their own inquiries as to the accuracy of the information. www.glenlyon.ca information.


Hours: 10am-4pm weekdays or by appointment Contact: (604) 434-1434 Email: sales@glenlyon.ca Presentation Centre Located at southeast corner of N Fraser Way and N Fraser Ct

Neighbourhood Map Approximate Drive Time: 9 Minutes

Approximate Drive Time:

16 Minutes

SE Mari

ne Dr

SE Marine Dr

Marine Way

35 Minutes

Marine

NF

ras e

Knight St

rW ay

Dr

N

ne

r By

Fr as

er

en

lyo

nP

River

Edmonds Station

9 Minutes

Marine Way

kw y

Richmond

Approximate Drive Time: Marine Dr

Gl

River Rd

9 Minutes

Burnaby

Glenlyon Pkwy

25 Minutes

Knight St Bridge

20 Minutes

Vancouver

Boundary Rd

City of Richmond

Royal Oak Station

Royal Oak Ave

Approximate Drive Time:

19 Minutes

Boundary Rd

Knight St

Downtown Vancouver

Rd

Marine Way Market

Approximate Drive Time: Queensborough Bridge City of New Westminister

W ay ne

11 Minutes 14 Minutes

Rd

r By

Rd

www.glenlyon.ca The information contained herein, which we deem reliable and, while thought to be correct, is not guaranteed by Glenlyon Corporate Centre. Any interested party should undertake their own inquiries as to the accuracy of the information.


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