logan creek plaza - loopnet...logan creek plaza is a 76,831 square feet open retail centre with...
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LOGAN CREEK PLAZA
PRIME RETAIL INVESTMENT OPPORTUNITY
FOR SALE
STRONG
INCOME PR
OFILE
20020 & 20055 WILLOWBROOK DRIVE, LANGLEY B.C.
LANGLEY B.C.
LOGAN CREEK PLAZA, LANGLEY B.C.
PROMINENT RETAIL HUB
LOGAN CREEK PLAZA - LANGLEY, BRITISH COLUMBIA
100% OCCUPIED WITH MAJOR RETAILERS
CBRE National Investment Team – Vancouver is pleased to offer the opportunity to acquire 100% interest in Logan Creek Plaza (20020 & 20055 Willowbrook Drive) in Langley, British Columbia.This offering will provide an investor with a 76,831 square-foot income-producing retail asset fully leased to an exceptional mix of national and regional tenants, in one of Metro Vancouver's strongest retail nodes.
THE OFFERING
CENTRALLY SITUATED WITHIN ONE OF THE BUSIEST RETAIL
NODES IN THE LOWER MAINLAND
200
th S
TREE
T
BRITISH COLUMBIA HIGHWAY 10 - LANGLEY BYPASS
64th STREET
The Bay
Safeway
MEC
Shoppers Drug Mart
Canadian Tire
PetSmartChapters
Save-on-Foods
London Drugs
Walmart
The Home DepotHomeOutfitters
Best Buy
Sleep Country Pier 1 Imports
Homesense
SMARTCENTRES
WILLOWBROOK SHOPPING CENTRE
RIOCAN LANGLEY GATE SHOPPING CENTRE
LANGLEY CROSSING SHOPPING CENTRE
Staples
McDonalds
The Brick
Real CanadianSuperstore
EXCELLENT EXPOSURE AND ALL DIRECTIONAL ACCESS AT THE INTERSECTION OF 200TH STREET & WILLOWBROOK DRIVE
Vancity
Mr Mikes
WILLOWBROOK DRIVE
Tim Hortons
INVESTMENT HIGHLIGHTS100% occupied open air retail centre with an exceptional mix of national tenants offering a highly secure and reliable income stream
Centrally situated within one of the strongest and most dynamic retail nodes in the province, comprised of over 2.5 million square feet of retail space, in every possible format
The Willowbrook commercial core features an overall retail vacancy of less than 1% and is home to virtually every major national retailer
200th Street location, only steps from the intersection with the Langley Bypass (Hwy 10), which features total traffic volumes of over 100,000 cars per day
Translink’s “South of Fraser Rapid Transit Network” includes plans for a new LRT line which will connect Langley Centre via rapid transit to Surrey, New Westminster, Burnaby, Coquitlam, and Vancouver
Property can be acquired clear title
A PROMINENT LARGE FORMAT RETAIL CENTRE
Logan Creek Plaza is a 76,831 square feet open retail centre with excellent visibility and all-directional site access. The property is centrally located within Willbowbrook commercial core in Langley, one of the most dominant retail nodes in British Columbia. The centre benefits from an outstanding occupancy rate of 100%, and features an exceptional mix of nationally renowned tenants including McDonald’s, Tim Hortons, The Brick and Staples. In addition to its strong existing income, the Property holds significant rental rate upside upon tenant lease renewals.
LANGLEY, BC
LOGAN CREEK PLAZA
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PROPERTYSUMMARY
CIVIC ADDRESS
20020 Willowbrook Drive & 20055 Willowbrook Drive, Langley, B.C.
PID
023-690-593 & 023-690-585
LEGAL DESCRIPTION
LT 2, DL 311, NWD, PL LMP32063
LT 1, DL 311, NWD, PL LMP32063
TOTAL SITE SIZE
7.41 acres
FRONTAGE
393 ft. on 200 Street, 615 ft. on
Willowbrook Drive, 521 ft. on 62 Avenue
NET RENTABLE AREA
76,831 SF
OCCUPANCY
100%
FY1 NET OPERATING INCOME
$1,820,000
WALE
4.21 years
FINANCING
Clear title
Real Canadian Superstore
100% OCCUPIED WITH AN EXCEPTIONAL MIX OF NATIONAL AND REGIONAL TENANTS
LOGAN CREEK PLAZA
Cactus Club
100% OCCUPIED
79%NATIONAL TENANTS
21%REGIONAL TENANTS
© 2017 CBRE, Inc. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth. Vector Image Sources: Freepik.com
JIM SZABOPERSONAL REAL ESTATE CORPORATIONVice ChairmanNational Investment Team – Vancouver604 662 5125
FOR MORE INFORMATION ON THIS OFFERING, PLEASE CONTACT:
TONY QUATTRINPERSONAL REAL ESTATE CORPORATIONVice ChairmanNational Investment Team – Vancouver604 662 5154
LOGAN CREEK PLAZA
JOE O'BRIENSenior Sales AssociateNational Investment Team – Vancouver604 662 5124
SHANE EPPVice PresidentSuburban Retail Group604 662 5187
MAUREEN MOUNZERSenior Sales AssociateSuburban Retail Group604 669 1466
EXCLUSIVE RETAIL INVESTMENTPORTFOLIO IN LANGLEY,BRITISH COLUMBIA