1730 Burrard St + 1737 West 2nd Ave

OFFERING SUMMARY

Cushman & Wakefield ULC (“C&W”) serving as the exclusive agent of the Vendor is pleased to present to the market an opportunity to acquire a 100% freehold interest in 1730 Burrard and 1737 West 2nd Avenue, Vancouver, BC collectively referred to as the “Property” throughout this Offering Memorandum (“OM”).

The Property is situated in the Armoury District at the corner of Burrard Street and West 1st Avenue serving as one of the most recognizable corners in Vancouver as the gateway to the renowned neighbourhood of Kitsilano. The Property comprises 47,142 square feet of combined land area and is currently improved with 34,507 square feet of auto showroom area and 9,000 square feet of excess parking currently occupied by MCL Motor Cars that will serve as defensive near-term holding income through the entitlement process.

OFFERING AT A GLANCE

Address 1730 Burrard Street 1737 West 2nd Avenue

Site Area 38,142 sf 9,000 sf

FSR 4.50 4.50

Gross Buildable Area 171,639 sf 40,500 sf

Asking Price

Unpriced, contact the Listing Agents for pricing guidance and submission guidelines

Offer Period Late October, a formal offer date will be disclosed after an initial marketing period

SUBMISSION PROCESS & GUIDELINES

All expressions of interest to acquire the Property should follow the guidelines set forth in this OM and be submitted to C&W. Offers will be reviewed as they are received. Interested parties are encouraged to engage C&W at their earliest convenience to receive due diligence materials.

The offer submission should outline the business terms for the purchase of the Property, and, at a minimum, should include the following information:

Name of the ultimate beneficial purchaser;

Purchase price;

Indications of material purchaser’s conditions, if any, and timeline for satisfaction of the conditions;

Amount and timing of the proposed deposits;

Timing of completion of the transaction.

DATA ROOM ACCESS

All prospective purchasers are encouraged to complete and sign a confidentiality agreement. Only prospective purchasers who have executed and submitted a confidentiality agreement to C&W will be registered to access the data room containing additional pertinent information regarding the offering.

PURCHASE PRICE

The Property is being offered to the market without a formal asking price. All interested parties are encouraged to contact the Listing Agents for pricing guidance and offer submission guidelines

ONE OF THE HIGHEST PROFILE CORNERS IN VANCOUVER

Commanding presence at the corner of Burrard Street and West 1st Avenue that will feature a best-in-class commercial development at the gateway of one of the region’s most vibrant communities, a true generational opportunity.

ROBUST TRAJECTORY IN THE COMMERCIAL STRATA MARKET

The periphery commercial strata market has undergone unprecedented growth with an increasing number of businesses seeking opportunities to own vs. lease to avoid rising lease rates and operating expenses.

The Armoury District is a highly sought-after location for new and established businesses. Many users and investors will pay market leading prices to secure an ownership stake in a strategic lifestyle location.

RARELY AVAILABLE SCALE AND FRONTAGE IN THE ARMOURY DISTRICT

With more than 47,000 square feet of combined lot area fronting Burrard Street, the Properties offer over 210,000 square feet of gross buildable density making this one of the most scalable commercial development offerings in Vancouver.

OFFERING HIGHLIGHTS

TRANSFORMATIONAL NEIGHBOURHOOD

The Armoury District and neighbouring area surrounding the Burrard Street Bridge is undergoing significant redevelopment as a result of the Broadway Plan, the Squamish Nation’s Sen̓áḵw Development, and Molson Brewery site making the Property a coveted opportunity to participate in the wider transformation of the neighbourhood as the preeminent employment node.

THRIVING LIFESTYLE SYNERGIES

The neighbouring Kitsilano and Fairview neighbourhoods are renowned for their west coast lifestyle offerings, including some of the city’s best beaches, cycling routes, restaurants, parks, recreation centres, marinas, sea walls and the world-famous Granville Island.

ESTABLISHED & GROWING DEMAND FOR CREATIVE SPACE

The continuing trend of creative manufacturing, luxury car dealerships, life sciences, technology, design, and fashion users locating in the periphery markets uniquely positions the Property to capture significant demand from larger users that have historically been sized out of the Armoury District. This demand is expected to continue with incoming residential uses, transit, bikeways, and supporting amenities.

INSPIRED LOCATION

LOCATION HIGHLIGHTS

• One of the trendiest neighbourhoods in Western Canada primed for densification through the reimagining of mixed-use commercial development.

• Unparalleled exposure at one of the most coveted corners in the City of Vancouver offering considerable signage and branding opportunities for future occupants.

• Central location with significant scale and growth upside and convenient access to Kitsilano, Downtown, and Broadway

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The most emblematic lifestyle in Metro Vancouver with transit, bike networks, beaches, parks, restaurants, cafes, and highly desirable retail within a 10-minute walk.

• Significant neighbourhood growth is underway with the neighbouring Squamish Nation Sen̓áḵw development and future redevelopment of the former Molson site that will add a substantial residential base to the area.

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The Armoury District is an eclectic enclave with a distinct identity embodied by luxury automobile, interior design, architecture, and technology businesses calling the neighbourhood home.

BURRARD ST BRIDGE

The armoury District is slated to undergo an incredible transformation with the Property earmarked to serve as the preeminent landmark of the reimagined node.

VANIER PARK WEST END

1730 Burrard Street and 1737 West 2nd Avenue are positioned to become the commanding commercial gateway to the Armoury District, The Broadway Corridor and Downtown. The iconic corner is steps from the Burrard street bridge, the City of Vancouver’s most expansive bike network, abundant greenspace, a diversified array of restaurants and cafes and the city’s top urban beach.