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.