Sutherlin Data Center
620 SW Stearns Lane, Sutherlin, OR 97479
63,07 ha
Description de l'actif
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) has been retained on an exclusive basis to arrange the sale of a 100% freehold interest in 3066 Arbutus Street, Vancouver (the “Property” and/or “Offering”). The Offering represents a rare opportunity to acquire a well-located office/retail asset with boutique development potential under current C-2 zoning or the Broadway Plan guidelines.
Located at 3066 Arbutus Street, Vancouver, the offering encompasses a 6,938 sf parcel of land on the corner of Arbutus Street and West 15th Avenue. The Property is attractively located directly alongside the Arbutus Greenway, a 9km long north-south walk/bike path stretching from the Fraser River in South Vancouver to False Creek near Downtown, which offers attractive retail visibility to thousands of daily commuters, bikers, and walkers. Furthermore, the Property is 600m or an 8-minute walk to the new Broadway SkyTrain lines Arbutus Station, which is set to transform the area into a transit-oriented node with multiple redevelopments currently underway.
The Offering represents a two-storey building totaling 6,311 sf of rentable area with 12 surface parking stalls on the north portion of the site. Currently, the building is 100.0% leased to two tenants, Luxmore Realty and Hastings Law Office, who each occupy a full floor of the premises. The 2nd floor area (Hastings Law Office) has a current lease expiry of June 2025 and the main floor area has a current lease expiry of November 2027, allowing for a phased move-in of potential owner-users or an ideal timeline for development into a mixed-use residential form.
The Property has a base zoning of C-2 Commercial allowing for 3.50x FSR of mixed-use rental or 2.50x FSR of mixed-use strata development up to 6 storeys in height with retail at-grade. The ideal location allows for a boutique development form with retail activation onto both Arbutus Street and the Arbutus Greenway as well as excellent transit and cycling accessibility for future residents.
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Attributs
Superficie du terrain brute
645 mètres carrés
Superficie du bâtiment nette
586 mètres carrés
Nombre d'étages
2
Places de parking
12
Zonage
C-2 (3.50x FSR Rental Mixed-Use)
Média
Points forts de l'investissement
Flexible Owner-User Opportunity
3,208 sf of 2nd floor office area will be available for owner-user occupancy in July 2025, with the remaining 3,103 sf of ground floor area being available in December 2027.
Boutique Mixed-Use Development Potential
C-2 zoning allows for 3.50x FSR of mixed-use rental area or 2.50x of mixed-use strata area without the need to rezone the property (development permit only).
125 Feet of Prime Frontage on Arbutus Street
Desirable Arbutus Street address with dual frontage onto the Arbutus Greenway, Vancouver’s premier 9km north-south bike route. Ability to activate retail on both Arbutus Street and the Greenway through development.
600m From New Arbutus SkyTrain Station
The new Millennium Line SkyTrain Station at Arbutus Street and Broadway is set to open in 2026, connecting the Property to the greater SkyTrain network stretching across Metro Vancouver and transitioning the area into a transit-oriented node.
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3066 Arbutus Street (0 Propriétés)
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Dernière mise à jour
14 janv. 2025
