#1160-573 Sherling Place

Industrial for Sale
Catylist Listing ID: 30585389
Property Subtypes: Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 2,580 SF
Gross Building Area: See Agent
Sale Price: $975,000
Unit Price: $377.91 PSF
Ceiling: 24 ft.
Docks/Doors: 1 Door
Office SF: 662 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: River's Edge Business Centre
Usable Size (USF): 2,580 SF
Sale Terms: Cash to Seller
Cap Rate: 3.5%
Last Updated: 6/2/2020

Overview / Comments

• High end architecturally designed building
• Extensive ground & mezzanine level glazing
• 24’ clear ceiling height
• 500 lbs per square foot floor load rating
• ESFR rated sprinkler system
• High efficiency T-5 fluorescent lighting
• 100 amp, 347/600 volt, 3 phase electrical service
• Rear grade level loading with generous truck maneuvering
• Three (3) designated parking spaces
• HVAC system through out the premises
• Two (2) washrooms

Current Tenants

Tenant Business Name Impulse Fitness and Wellness Ltd.
Contact Name Mr. John Xue
Contact Title Owner
Phone Number 604-355-8095
Industry Type Other Services
Is Renting? Yes
Tenant Notes Tenant is paying $13.25 per square foot per annum until July 31, 2020 and then pays $13.50 per square foot per annum until July 31, 2021. The Tenant possesses an option to renew for an additional five years.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Taxing Authority: Port Coquitlam
Parcel ID: 029-529-590
Zoning: M3
Area Description: The subject property is situated at the high exposure corner of Fremont Street and Sherling Place in the River’s Edge Business Centre in the heart of the Dominion Triangle area. It is within close proximity to the Pitt River Bridge and Golden Ears Bridge to the east, Coast Meridian Overpass to the west and being only minutes from the Cape Horn Interchange, Port Mann Bridge and Highway #1. River’s Edge Business Centre offers a superb location for warehouse and distribution, with excellent profile for accessory retail and office.
Typical SF / Floor: 1,918 SF
Property Condition: Excellent
Year Built: 2015
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Total Parking Spaces: 3
Sprinklers: Wet
Amps: 100
Volts: 600
X-Phase: 3
Heat Type: Natural Gas, Space Heaters
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lighting: Fluorescent
Zoning Description: M-3 (Clean Industrial) zoning allows for uses including clean manufacturing, high tech, commercial indoor recreation, warehousing and select offi ce and retail uses.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: STRATA LOT 6 SECTION 9 BLOCK 6 NORTH RANGE 1 EAST NEW WESTMINSTER DISTRICT STRATA PLAN EPS2731 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V

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Contact

Photograph of Listing Agent

Kevin J Volz

Personal Real Estate Corporation
Cushman & Wakefield Commercial First Member
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