1175 Johnson Street, Coquitlam, B.C.
Offered exclusively by:
Rob Howard, R.I.(B.C.)
NCL Real Estate Management Ltd.
President
Suite #220 - 3771 Jacombs Road
Richmond, B.C. V6V 2L9
Tel: (604) 231-9050 Fax: (604) 278-9535
Email: ncl@direct.ca
LOCATION
Coquitlarn,
current population over 82,000, has grown at an annual rate
of 3.4% since 1986. (Regional Average 2.8%). Annual growth to the
Year 2001 is forecast at 3.2%, which will take the population to
113,000.
The Lions share
of this growth will take place in the Westwood Plateau,
a major development in the Northern sector of Coquitlam. Johnson
Street is the main feeder route to the Westwood Plateau.
The Centre at
Glen & Johnson lies at the foot of Johnson Street, one block
North of the Lougheed and Barnet Highways, on the Homeward Bound
side of the street, and sharing its Southern property line with
Coquitlarn Centre, the regional shopping centre.
SITE
A
rectangular shaped parcel with 295.4 (approx.) feet of frontage
on Johnson Street and 317.5 (approx.) feet of frontage on Glen Drive,
with a total site area of 97,180 sq. ft. or 2.23 acres (approx.)
ACCESS
Superb access from
three sides of the site:
- Johnson Street
- Left and Right, In and Out
- Glen Drive
- Left and Right, In and Out
- Atlantic Avenue - All
PARKING
104
Stalls (1:285 sq. ft.)
BUILDINGS
Three
buildings are situated on the site:
|
A
|
11,324
|
Sq. Ft |
|
B
|
12,084
|
Sq. Ft. |
|
C
|
6,061
|
Sq. Ft. |
|
TOTAL:
|
29,469
|
|
TENANTS
100%
Occupied by 14 Tenants including:
- Richmond
Savings Credit Union
- Domino's
Pizza
- Homelife
Avalon Realty
- Walton Cafe
- 24 Hour Food
Stop
FINANCIAL SUMMARY:
Gross
Income * $ 653,043
Less: Vacancy Allowance (3% CRU) (19,591)
Effective Gross Income |
|
| |
|
$
633,452
|
| Less:
Structural Allowance (1 %) |
(6,335)
|
| Net
Operating Income |
$
627,117
|
|
|
| PRICE |
$ 7,350,000
|
| YIELD |
8.53%
|
|
F
 The Centre
at
Glen &
Johnson |
