The Site 
Industrial strata warehouse development improved with 10 strata titled warehouse units.
The site is level and at the grade of Simpson Road. 

The Improvements
The subject improvement is a four year old concrete tilt-up constructed strata warehouse. The unit contains 2,416 square feet of main floor area, which is comprised of 1,852 square feet of warehouse space, 502 square feet of main floor finished space plus 613 square feet finished office mezzanine space. The total finished office area is approximately 1 ,115 square feet.

Lease Rate
Net Lease @ $7.68 per square foot. $1,900 plus GST per month.

 DESCRIPTION OF IMPROVEMENTS
The subject unit has an end unit location within a four-year-old concrete tilt-up constructed strata warehouse development. The subject contains 2,416 square feet of main floor area, which is comprised of 1,852 square feet of warehouse space, 502 square feet of main floor finished space, and 613 square feet finished office mezzanine space. The total combined finished office area is approximately 1,115 square feet.

 The main floor office development is improved with a reception area, office area, and a two-piece handicap washroom. A small kitchenette is located under the staircase that leads to the mezzanine. The mezzanine office area is improved with two office spaces and a storage nook off of the corridor to the second office. Finishing in the office areas consists of laminate flooring, painted drywall, and suspended t-bar ceilings with fluorescent lighting and track lighting. The office areas are extensively wired for Internet, telephone access, and cablevision. Electric baseboards provide heat in the office areas. 

The warehouse area is an L-shaped configuration with two 16 foot metal rollup doors. One door is located at the front of the unit and another is located on the north side of the unit at the back of the warehouse area. The warehouse space has a 20 foot clear ceiling height. The floor in the warehouse area is bare concrete, the walls are unpainted gypsum wallboard, and the ceiling is open to the rafters. The warehouse area is heated with a radiant gas heating system.

Materials of Construction: 

Foundations:
Presumed to be reinforced concrete perimeter footings, column pads and surface foundation, designed and supervised by a qualified engineer. Concrete floor slabs on the main floor.

Structure:
Concrete tilt-up construction with open web steel joists supporting the roof. Approximately 20’ ceiling clearance in warehouse areas. 

Exterior Finish:
Painted concrete.

 Interior Walls:
Predominantly painted drywall

 Ceiling Finish:
Suspended T-bar in the office areas. Unfinished ceiling in the warehouse area.

Floor Finish:
Laminate flooring in the office areas. Unfinished concrete in the warehouse area.

Roofing:  Membrane 

Plumbing: Sprinkler system. Two piece washroom. 

Electrical: 200 Amp panel. Switches and outlets typical of code requirements at the time of construction. High-pressure lighting in the warehouse area. Mainly fluorescent lighting with some track lighting in the office areas. 

Heating:
Gas fired suspended radiant heater in the warehouse area and electric baseboards in the office areas. 

Doors and Windows: Aluminum frame double pane windows. Two 16’ metal rollup doors, 1 -12’ wide door and 1-14’ wide door, double storefront style glass main entry doors, two man doors in the warehouse area.

Security: Built in security system. 

Yard Improvements: Asphalt paved parking and minimal landscaping at site entrance. Yard lighting, site drainage.