Civic Address

Units 1 & 2 - 2592 Mt. Lehman Road, Abbotsford, BC

Legal Description

Strata Lots 3 & 4, Section 24, Township 13, New Westminster District Strata Plan BCS835, together with an interest in the common property.

REGIONAL AND NEIGHBOURHOOD DATA

The City of Abbotsford is located in the central Fraser Valley in southwestern BC. Abbotsford has an area of approximately 35,861 hectares (138.5 square miles) and is bounded to the  north by the Fraser River, to the south by the Canadian/US border, to the west by the District of Langley, and to the east by the District of Chilliwack. the City of Abbotsford was formed on January 1, 1995 when the District of Matsqui and the District of Abbotsford amalgamated, With a current population of 147,370*, Abbotsford is the fastest growing community in BC. it is a very scenic community with its scenic mountain views (most notably Mt. Baker) and surrounding farmlands. Residents of Abbotsford enjoy a high quality of life, relatively affordable housing, great amenities and a robust local economy.

NEIGHBOURHOOD DATA

The subject neighbourhood is developed with numerous newer warehouse and strata warehouse developments. The neighbourhood benefits from good traffic exposure and easy access to major transportation routes. Highway No. 1 and Fraser Highway access is available approximately 0.75 kilometers to the north at the Mt. Lehman Road freeway interchange. The Abbotsford International Airport is located 2.0 kilometers to the south. Abbotsford’s central business district to the east is also easily accessible. The subject site benefits from good exposure on busy Mt. Lehman Road and Progressive Way. The Mt. Lehman Road/Highway No. 1 interchange is in the process of being extensively upgraded to allow for additional traffic flow in and out of the area. This is one of the most desirable industrial neighbourhoods of Abbotsford with several new developments in the construction or planning stages.

Demographics

the City of Abbotsford has divided the community geographically into 15 urban neighbourhoods and 7 outlying rural areas. The population is expanding and expected to increase at a rate of more than 1.6% per year. While originally almost entirely populated by people of European origin, Abbotsford has grown into an ethnically diverse community, with approximately 17.5%* of its total population comprised of visible minority groups. the median age is 35.4*, and median household income is $48,721*. (*2001 Census, Statistics Canada)

DESCRIPTION OF IMPROVEMENTS

The subject building is concrete tilt-up constructed with low emission commercial grade windows and glass entry doors. There are four strata warehouse units within this building. Unit 1 (Strata Lot 4) is 4,018 square feet and Unit 2 (Strata Lot 3) is 3,065 square feet. The combined main floor area of the units is 7,083+/- square feet.

Unit No. 1 has an attractive curved window-wall architectural feature adjacent to the Mt. Lehman Road site entrance. This unit is accessible from a pair of glass storefront style entry door, a single storefront style door on the west building elevation, and a 12’ X 14’ overhead door. this unit contains a significant amount of interior finishing that consists of 1,009+/- square feet of finished main floor office area, 829+/- square feet of partially finished showroom area, and 366+/- square feet of showroom area. The office area is demised into a reception area, three individual office spaces, 2-piece washroom, and a small kitchenette adjacent to the reception area. finishing in the office area is average to good and consists of tile flooring, commercial grade carpet, and pane glass passage doors, plus extensive use of moldings and trim. the showroom area is nearly finished and only needs paint on the floor and baseboard moldings to be complete. The ceiling in this area is textured drywall. finishing is minimal in the storage area.

the Mezzanine area has three distinct areas with different levels of finishing including: a finished office area, a partially finished office area, and an unfinished storage mezzanine area. the mezzanine finished office area is 546+/- square feet. this area is demised into three pie shaped offices, and open office area, and a 2-piece washroom. finishing consists of commercial grade carpet, pane glass passage doors, and suspended t-bar ceilings. The partially finished office space is demised into office area, storage, and a washroom. The partial finishing in this section consists of electrical, plumbing, and drywall. Flooring and ceilings are not yet in place. The unfinished storage mezzanine consists of 1,171+/- square feet of open plywood floor area.