JLL Canada Capital Markets - Spotlight 2018 2018 Capital Markets Spotlight | Page 22

Industrial Main Industrial Vancouver, BC Address 117 East Kent Ave. Property Type Multi-Tenant Industrial Close Date Nov-2018 Sale Price $43,170,000 Area (sf) 119,879 Site Size (acres) 5.67 $/Acre $7,614,000 $PBSF $58 Vendor Morguard Purchaser K-Main Properties • Institutionally-owned and managed industrial park located in South Vancouver • Contractual rents were significantly below market at the time of sale with a short-term weighted average lease term in place • Attractive (I-2) zoning provided excellent redevelopment potential for up to 740,640 sf with termination/demolition clauses in place Kevin Douglas [phone] [email protected] 22 Brad Gladu [phone] [email protected]