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FOR SALE<br />
<strong>548</strong> - <strong>554</strong> <strong>BEATTY</strong> <strong>STREET</strong><br />
VANCOUVER, BC<br />
Crosstown Office Strata<br />
• Low taxes and strata fees<br />
• Three phase power with 24 watts psf<br />
• Direct access to Stadium/Chinatown SkyTrain Station<br />
• Server room with redundant, dedicated cooling and power<br />
• Funky, move-in ready improvements with plug and play infrastructure<br />
LOCATION<br />
Nestled in between the hustle and bustle of downtown, Yaletown,<br />
the historical character of Gastown, and the colourful grit of<br />
Chinatown is where Crosstown is making a name for itself as<br />
Vancouver’s up-and coming niche neighbourhood. This area of<br />
Vancouver is a mix of influences from its bigger neighbours, yet<br />
still has a distinct flavour of its own. The most influential neighbours<br />
that helped to shift the spot light on this area of town, and more<br />
specifically on the 500 block of Beatty Street, have been the<br />
Chambar Belgian restaurant, the Dirty Apron Café, the office users<br />
at the Sun Tower and the SkyTrain only steps away. With the full<br />
renovations of 564 Beatty Street by Reliance Properties, this<br />
micro-hood will continue to grow in popularity with office tenants.<br />
Matthew MacLean<br />
Personal Real Estate Corporation<br />
Vice President<br />
604 640 5855<br />
matthew.maclean@ca.cushwake.com<br />
Boe Iravani<br />
Associate Vice President<br />
604 640 5837<br />
boe.iravani@ca.cushwake.com<br />
Alexander Cairns<br />
Office Leasing<br />
604 608 5913<br />
alexander.cairns@ca.cushwake.com<br />
Suite 700 - 700 West Georgia Street / PO Box 10023, Pacific Centre / Vancouver, BC V7Y 1A1 / 604 683 3111 / 1 877 788 3111 / cushmanwakefield.com
FOR SALE<br />
<strong>548</strong> - <strong>554</strong> <strong>BEATTY</strong> <strong>STREET</strong><br />
VANCOUVER, BC<br />
SL1 - FIRST FLOOR / 4,433 SF<br />
SL2 / 4,636 SF<br />
FEATURES<br />
• Original brick & beam building,<br />
reconstructed from the ground<br />
up to an unparalleled standard<br />
• 16 foot ceilings and 3 foot thick<br />
granite party walls<br />
• Upgraded three phase power<br />
providing a useable 24 watts per sq. ft.<br />
• Dedicated server room with redundant<br />
cooling, and isolated electrical power<br />
• Three separate strata lots which can<br />
be demised easily at little cost<br />
• Dedicated and secure street front<br />
entrances<br />
• Roof top deck, balconies and newly<br />
improved green courtyard<br />
• Fiber connectivity<br />
• Operable windows<br />
SL1 - SECOND FLOOR / 1,158 SF SL4 / 1,237 SF STORAGE LOCKERS<br />
#1<br />
#2
CROSSTOWN OFFICE STRATA<br />
THE OPPORTUNITY<br />
For the past 15 years Bardel Entertainment has called these 11,464 sq. ft.<br />
of loft offices home, of which one contiguous floor contains 9,069 of<br />
useable sq. ft. The tenant has successfully grown to over 600 employees,<br />
and as a result the Beatty Street space is available for the first time in<br />
many years. These brick and beam loft offices have 16 foot ceilings and<br />
three foot thick granite walls between adjacent buildings. Electrical power<br />
has been upgraded to a three phase service with 24 watts of useable<br />
power per square foot of space, and there is 24/7 multi zone HVAC<br />
including dedicated server room cooling.<br />
Located steps from the SkyTrain station, walking distance to numerous<br />
restaurants, adjacent parking lots for cars, and with storage for bicycles,<br />
this property accommodates the needs of an efficient business while<br />
appealing to employees and clients alike.<br />
Though the space is ideal for owner/users, investors will also see value in<br />
the increasing rental rates and low vacancies of the Crosstown market.<br />
With the flexibility to demise and the quality of construction, this is an<br />
ideal, stable long term investment with very little risk.<br />
The strata unit entitlement includes a 20% interest in the covered parking<br />
lot directly across Beatty Street.<br />
BUILDING HISTORY<br />
Constructed in 1906, the Property was built by a subsidiary of the Canadian<br />
Pacific Railway company to be used for dry good storage in support of the<br />
city’s emergent role as a maritime import-export hub. Five Fifty Beatty<br />
(as it was rebranded) became one of the first conversions from industrial<br />
space to loft office and residential in Vancouver, and was completed in<br />
1981 by the late visionary architect/developer Robert MacIntyre. The high<br />
level of reconstruction of 550 Beatty St. can be put into perspective by the<br />
fact that the per square foot hard costs of the reconstruction were roughly<br />
double the cost of building a new concrete high rise building at the time.<br />
(A detailed description of construction is available.)<br />
AVAILABLE SPACE*<br />
<strong>548</strong> Beatty Street - Strata Lot 1 (4,433 SF + 1,158 SF) 5,591 SF<br />
<strong>554</strong> Beatty Street - Strata Lot 2 4,636 SF<br />
552 Beatty Street - Strata Lot 4 1,237 SF<br />
Total Available Area<br />
11,464 SF<br />
* The three strata lots will only be sold as a whole, not individually.<br />
ASKING PRICE<br />
Please contact the listing agents.<br />
DATA ROOM INFORMATION AVAILABLE<br />
• Title and Associated Charges<br />
• Existing Lease Agreements<br />
• Strata Financial Statements and Minutes<br />
• Strata Plans and Detailed Floor Plans<br />
• Extensive Property Photos<br />
• Zoning Bylaws<br />
STRATA LOT LEGAL DESCRIPTION PID PROPERTY TAXES (2015) STRATA FEES (2015)<br />
STRATA LOT 1 PL VAS1322 LT 1 DL 541 LD 36 006-517-757 $22,914.07 $2,039.51<br />
STRATA LOT 2 PL VAS1322 LT 2 DL 541 LD 36 006-517-846 $16,820.71 $1,682.89<br />
STRATA LOT 4 PL VAS1322 LT 4 DL 541 LD 36 006-517-862 $5,657.06 $460.79
FOR SALE<br />
<strong>548</strong> - <strong>554</strong> <strong>BEATTY</strong> <strong>STREET</strong><br />
VANCOUVER, BC<br />
Crosstown Office Strata<br />
Seabus<br />
Waterfront Station<br />
by<br />
Alberni<br />
son<br />
are<br />
Royal<br />
Centre<br />
Howe<br />
Vancouver<br />
Art Gallery<br />
City Centre Station<br />
Granville<br />
Burrard Station<br />
Four Seasons Hotel<br />
Pe<br />
Central<br />
Business District<br />
Transit Hub<br />
Granville Station<br />
West<br />
Georgia<br />
Sinclair<br />
Centre<br />
10 Minute Walk<br />
Dunsmuir<br />
Cathedral<br />
Square<br />
Harbour Centre<br />
Simon Fraser<br />
University<br />
Victory<br />
Square Park<br />
West Coast Express<br />
6 Minute Walk<br />
Gastown<br />
Woodward’s<br />
odw<br />
West Hastings<br />
Expo Line / Millenium Line<br />
West Pender<br />
Water<br />
West Cordova<br />
a Line<br />
Nelson<br />
Seymour<br />
nville Street<br />
rtainment District<br />
Yaletown<br />
Smithe<br />
Hamilton<br />
Richards<br />
Mainland<br />
Robson<br />
Homer<br />
16 Minute Walk<br />
Hamilton<br />
Vancouver<br />
Public Library<br />
CBC<br />
Cambie<br />
Canada<br />
Post<br />
Beatty<br />
Queen<br />
Elizabeth<br />
Theatre<br />
Stadium District<br />
SUBJECT PROPERTY<br />
Stadium/<br />
Chinatown Station<br />
ti<br />
Yaletown Station<br />
Vancouver Community College Chambar<br />
Plaza of<br />
Nations<br />
Vancouver Film School<br />
Edgewater<br />
Dirty Apron Café<br />
London Drugs<br />
Casino<br />
Nuba<br />
T&T Supermarket<br />
564 Beatty Street<br />
Meat & Bread<br />
Noodle Coopers Box<br />
Park<br />
Sun Tower<br />
Parking<br />
TELUS World<br />
of Science<br />
Matthew MacLean<br />
Personal Real Estate Corporation<br />
Vice President<br />
604 640 5855<br />
matthew.maclean@ca.cushwake.com<br />
Boe Iravani<br />
Associate Vice President<br />
604 640 5837<br />
boe.iravani@ca.cushwake.com<br />
Alexander Cairns<br />
Office Leasing<br />
604 608 5913<br />
alexander.cairns@ca.cushwake.com<br />
E.&O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. 01/16 bg
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