FREESTANDING INDUSTRIAL BUILDING

The subject property comprises + 18,296 sq.ft( +0.420 acre) located on the north side of Voyageur Way and West of No.5 Road in the Bridgeport Industrial area of Richmond. The property is zoned LUC 103 and designated Mixed Employment in the OCP and Commercial/ Industrial in the Bridgeport Land Use Plan. The property is improved with an industrial building comprising a total gross building area (G.B.A.) of + 11,442 sq.ft. The property has site coverage of 44.6% and the building has a remaining economic life estimated at + 35 years.

Bridgeport is generally defined as part of Lulu Island, north of Bridgeport Road, the middle arm of the Fraser River, and between No.4 Road and No.6 Road. More specifically, the Property is located on the north side of Voyageur Way and west of No.5 Road, just a block south of Bridgeport Road. The location of the Property is identified on the regional and neighborhood maps.

The immediate area surrounding the Property is characterized by extensive quasi-commercial/industrial retail and light industrial uses consisting of a number of single and multi-tenant developments comprising mainly local warehouse/office, manufacturing, distribution/storage, commercial/retail and service commercial related business. Existing land uses are predominantly industrial and commercial in nature and most properties are presently zoned for industrial retail uses fronting along Bridgeport Road. Most properties fronting along River Road are zoned for light impact industrial uses and properties along Bridgeport Road are zoned for quasi-industrial retail uses.

Properties along Voyageur Way contain a number of multi-tenant quasi-commercial developments of 1 to 2-storeys in height. Major occupants in the vicinity include a number of furniture, appliance retail stores, building supplies and automotive service businesses. Neighborhood residential is mainly concentrated further west of Bridgeport Road, River Road and Shell Road and Beckman Place. The Property is located just a block south of the Bridgeport commercial corridor and benefits from its central location. Additional retail, service-retail and quasi-industrial developments are observed along the Bridgeport commercial corridor.

Bridgeport will continue to be a mixed-use area comprising industrial commercial, residential and recreational uses. The Bridgeport Industrial area of Richmond has a large portion of its area dedicated to business and industry. The immediate area has good market appeal, and the subject is well located for light industrial and commercial use due to its proximity to major transportation corridors, including Knight Street Bridge, Bridgeport Road, Sweden Way, Highways 99 & 91 providing easy access to Vancouver, Surrey, Delta, and the Canada/US border.

PROPERTY DETAILS:

• Gross Building Area (G.B.A.): 11,442 sqft
-Ground Floor: 8,157 sqft
-Mezzanine: 3,285 sqft
• Loading Dock: Grade Level Door
• Built in Commercial Freezer and Cooler

• Sale Type Asset or Share Sale