www.cbre.ca
ENQUIRIES
FOR SALE7500 LOWLAND DRIVEBURNABY, BC
Located two blocks east of Byrne Road on Lowland Drive in Riverfront Business Park.
21,574 sq. ft. high quality tilt-up construction office/warehouse facility on 1.05 acres.
RARE FREE-STANDING WAREHOUSE FACILITY
HIGH QUALITY TILT-UP CONSTRUCTION BUILT BY THE BEEDIE GROUP
Bruce HyndsIndustrial Properties
604 662 [email protected]
EXECUTIVE SUMMARY
7500 LOWLAND DRIVEBURNABY, BRITISH COLUMBIA
LEGAL DESCRIPTIONLot 1, District Lot 166A, Group 1, New Westminster District Plan LMP 40692PID 024-377-210
ASKING PRICE$9,000,000
LEASEBACKThe Owner will entertain proposals to leaseback the property for a lease term of between one to five years.
ZONINGComprehensive District under the M2 and M5 guidelines.
DESCRIPTION OF IMPROVEMENTSThe subject property is improved with a high quality tilt-up concrete office/warehouse facility built by The Beedie Group in 1999.
FEATURES> 21,574 sq. ft. single tenant facility comprised of: • 7,140 sq. ft. highly finished, air-conditioned
office space on two floors • 14,434 sq. ft. high quality tilt-up concrete
warehouse
> 24’ clear ceiling height in warehouse
> 3 dock doors with levellers and one grade level door
> 30 surface parking stalls
> Professionally landscaped
> Total site size is 1.05 acres with 126 feet of frontage on Lowland Drive and 362 feet of depth
LOCATION
The Big Bend area of South Burnaby is a comprehensive planned estate consisting of approximately 2,000 acres of mixed uses, of which industrial applications are predominant. Other land uses include agricultural, recreational, and commercial applications. This area has given Burnaby an important strategic advantage for meeting its goal of providing a diverse range of development opportunities within this designated mixed-use area. According to the City of Burnaby, the Big Bend area is one of the most important business growth areas in the City and currently employs 10,000 people and is projected to increase to 30,000 by 2021.
Specifically, 7500 Lowland Drive is located in the Riverfront Business Park, a 67 acre industrial park comprised of a mix of office and light industrial users including Alpha Technologies, Grand and Toy, Stylus Furniture, Old Dutch Foods, and Columbia Manufacturing.
SOUTH BURNABY’SFRASER FORESHORE PARK
Located one block south of 7500 Lowland Drive is Fraser Foreshore Park located on Burnaby’s south shore overlooking the North Arm of the Fraser River.
MARINE WAY MARKET
Marine Way Market is Greater Vancouver’s largest new food, drug and automotive anchored shopping centre situated at the southeast corner of Byrne Road and Marine Way. Featuring 275,000 square feet of retail space, Marine Way Market is anchored by Save-On-Foods, London Drugs and Canadian Tire.
BIG BEND CROSSING
Big Bend Crossing is a 330,000 square foot power centre situated on 26 acres on the north side of Marine with approximately 1,600 feet of frontage along Marine Way. The centre’s major tenants include Winners/HomeSense, Michaels, Staples and Pet Smart.
METROTOWN
The Metrotown Shopping Centre is BC’s largest retail centre comprised of 500 retail shops and services, 22 cinemas and the Metropolis Entertainment centre. Also included in this complex is the new Chrystal Mall and Hilton Hotel and Holiday Inn. Metrotown Shopping Centre is anchored by Sears, Zellers, Real Canadian Superstore, The Bay, Winners, HomeSense and Silvercity.
NEARBY AMENITIES
ACCESS
> The subject property enjoys excellent access from North Fraser Way and Boundary Road dividing Burnaby and Vancouver. From this location via Marine Way or Boundary Road the following areas are easily acessed.
BURNABY FRASER FORESHORE PARK MARINE WAY MARKET
BIG BEND CROSSING METROTOWN CENTRE
DRIVE TIMES
US BORDER
30MIN
USAVANCOUVER
INT’L AIRPORT
15MIN
TRANS CANADA HIGHWAY
15MIN
1METROTOWN
CENTRE
5MIN
TSAWWASSENFERRY
20MIN
DOWNTOWNVANCOUVER
30MIN
FOR SALE7500 LOWLAND DRIVEBURNABY, BC
ENQUIRIES
Bruce HyndsIndustrial Properties604 662 [email protected]
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WAREHOUSE AREA
NEWWESTMINSTER
BURNABY
RICHMOND
VANCOUVER
MARINE WAYN FRASER WAY
RIVERWAY GOLF COURSEMARINEWAY MARKET
DEER LAKE PARKPATTERSONMETROTOWN
ROYAL OAK
EDMONDS
22ND ST