1. real estate

40 EAST 5TH AVENUE
VANCOUVER, BC
FOR LEASE
NEWLY REPOSITIONED BUILDING IN
MOUNT PLEASANT
MATTHEW MACLEAN
CHRIS NEWTON
ALEXANDER CAIRNS
PERSONAL REAL ESTATE CORPORATION
VICE PRESIDENT
604.640.5855
matthew.maclean@ca.cushwake.com
SENIOR ASSOCIATE
604.640.5802
chris.newton@ca.cushwake.com
OFFICE LEASING
604.608.5913
alexander.cairns@ca.cushwake.com
CUSHMAN & WAKEFIELD LTD.
Suite 700 - 700 W Georgia St PO Box 10023, Pacific Centre Vancouver, BC V7Y 1A1 604.683.3111 1.877.788.3111 www.cushmanwakefield.com
40 EAST 5TH AVENUE, VANCOUVER, BC
FOR
LEASE
Newly Repositioned Building in Mount Pleasant
OPPORTUNITY
To lease a newly repositioned building in Mount Pleasant, Vancouver’s
fastest growing business node. The building is undergoing major
renovations towards office, ancillary retail and other higher and better
uses. Perfect for tech companies, the brewery industry, engineering
firms, architects and typical industrial users looking for unique product
with curb appeal.
LOCATION
Historic Mount Pleasant is home to numerous restaurants, shops and
cafes that have been an attraction for local residents and destination
shoppers for many years. The history of Mount Pleasant dates to
1888, when the name was applied to the area above False Creek by
H.V. Edmonds, who owned much of the area at the time. With its
proximity to Brewery Creek, Mount Pleasant was a natural draw for
industry, and in turn rapid residential development.
BUILDING FEATURES
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Open plan concept with mezzanine on 3rd level
New rooftop heating and cooling
New electrical throughout
Updated energy efficient lighting
New washrooms and kitchen
Exposed ceiling or drop ceiling as desired
4 - 6 skylights
Roof top patio option
2 loading bays with glass roll up doors
AVAILABLE SPACE
Ground Floor
Second Floor
Total Area
*Demisable by floor
Main Street and East Broadway continue to develop and gentrify,
with a number of commercial turnaround and mixed use residential
developments in planning or nearing completion. Rize Alliance’s Main/
Broadway/Kingsway project is set to dramatically progress this area,
and with the hundreds of new residents in South East False Creek,
the neighbourhood continues to attract growth.
ZONING
Today, Mount Pleasant is, in the eyes of many of its residents, a perfect
mix of family oriented neighbourhood, bustling urban atmosphere, with
a deep connection to the past and present commercial importance
of the area. New developments continue to add residents to the
area, with numerous small to medium sized projects and amenities
in progress or planned, which will add to the appeal and vibrancy of
Mount Pleasant for business.
BASIC RENT
IMPROVEMENT ALLOWANCE
The Landlord will provide a tenant improvement allowance.
4,284 sf
5,579 sf
9,863 sf*
I-1 - A very important change has occurred to the existing zoning,
recently approved by City Council, to allow significantly more office
uses and office density. As approved, the subject property can
contemplate conversion to office use. Please consult the listing agents
for more details.
$25.00 psf, per annum
ADDITIONAL RENT (EST. 2015)
$7.50 psf, per annum excluding janitorial & utilities
PARKING
6 stalls, $120.00 per stall / per month
AVAILABLE
Summer 2015
JOIN THE LIKES OF:
MATTHEW MACLEAN
CHRIS NEWTON
ALEXANDER CAIRNS
PERSONAL REAL ESTATE CORPORATION
VICE PRESIDENT
604.640.5855
matthew.maclean@ca.cushwake.com
SENIOR ASSOCIATE
604.640.5802
chris.newton@ca.cushwake.com
OFFICE LEASING
604.608.5913
alexander.cairns@ca.cushwake.com
E.&O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. 04/15 bg