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The Building - 4125 Hastings Street
- The Vendor has exclusively retained Form Retail Advisors Inc. (the "Agent") to facilitate the sale of its 100% freehold interest in 4125 Hastings Street located in Burnaby, BC.
- The Subject Property is an excellent mixed-use development site situated in the increasingly popular Burnaby Heights neighbourhood. Existing in-place holding income also provides further attraction to developers to help alleviate holding costs associated with financing and the municipal permitting and approvals process.
- Large urban development opportunity located within the focal point of the Burnaby Heights Urban Village within the Hastings Street Corridor, an area identified as a priority for revitalization.
- Liquor store on site creates an excellent draw for retail uses at the Subject Property in addition to a wide mix of existing retailers and amenities in the area.
- Potential to build up to 102,465 square feet upon rezoning, as well as additional density should the public lane be acquired from the City of Burnaby.
- Demolition clauses contained in the commercial leases support redevelopment plans in the near to mid-term horizons.
- Active development in the immediate area of Hastings Street and North Burnaby is reflective of the demand for new-build, mixed-use projects.
Building Size16,740 ft²
Lot Size51,836 ft²