548 - 554 BEATTY STREET

CROSSTOWN OFFICE STRATA
THE OPPORTUNITY
For the past 15 years Bardel Entertainment has called these 11,464 sq. ft.
of loft offices home, of which one contiguous floor contains 9,069 of
useable sq. ft. The tenant has successfully grown to over 600 employees,
and as a result the Beatty Street space is available for the first time in
many years. These brick and beam loft offices have 16 foot ceilings and
three foot thick granite walls between adjacent buildings. Electrical power
has been upgraded to a three phase service with 24 watts of useable
power per square foot of space, and there is 24/7 multi zone HVAC
including dedicated server room cooling.
Located steps from the SkyTrain station, walking distance to numerous
restaurants, adjacent parking lots for cars, and with storage for bicycles,
this property accommodates the needs of an efficient business while
appealing to employees and clients alike.
Though the space is ideal for owner/users, investors will also see value in
the increasing rental rates and low vacancies of the Crosstown market.
With the flexibility to demise and the quality of construction, this is an
ideal, stable long term investment with very little risk.
The strata unit entitlement includes a 20% interest in the covered parking
lot directly across Beatty Street.
BUILDING HISTORY
Constructed in 1906, the Property was built by a subsidiary of the Canadian
Pacific Railway company to be used for dry good storage in support of the
city’s emergent role as a maritime import-export hub. Five Fifty Beatty
(as it was rebranded) became one of the first conversions from industrial
space to loft office and residential in Vancouver, and was completed in
1981 by the late visionary architect/developer Robert MacIntyre. The high
level of reconstruction of 550 Beatty St. can be put into perspective by the
fact that the per square foot hard costs of the reconstruction were roughly
double the cost of building a new concrete high rise building at the time.
(A detailed description of construction is available.)
AVAILABLE SPACE*
548 Beatty Street - Strata Lot 1 (4,433 SF + 1,158 SF) 5,591 SF
554 Beatty Street - Strata Lot 2 4,636 SF
552 Beatty Street - Strata Lot 4 1,237 SF
Total Available Area
11,464 SF
* The three strata lots will only be sold as a whole, not individually.
ASKING PRICE
Please contact the listing agents.
DATA ROOM INFORMATION AVAILABLE
• Title and Associated Charges
• Existing Lease Agreements
• Strata Financial Statements and Minutes
• Strata Plans and Detailed Floor Plans
• Extensive Property Photos
• Zoning Bylaws
STRATA LOT LEGAL DESCRIPTION PID PROPERTY TAXES (2015) STRATA FEES (2015)
STRATA LOT 1 PL VAS1322 LT 1 DL 541 LD 36 006-517-757 $22,914.07 $2,039.51
STRATA LOT 2 PL VAS1322 LT 2 DL 541 LD 36 006-517-846 $16,820.71 $1,682.89
STRATA LOT 4 PL VAS1322 LT 4 DL 541 LD 36 006-517-862 $5,657.06 $460.79