Development Opportunity - FOR SALE - LoopNet
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FOR SALE
Development Opportunity
Fully Serviced, 24.95-Acre Light Industrial/Commercial Zoned Land in Fort St. John
OLD FORT ROAD AT ALASKA HIGHWAY, FORT ST. JOHN, B.C.
242 RO
AD
T
121 STREE
THE LANDING AT FORT ST.
JOHN SHOPPING CENTRE
TA
H
LTA
FUTURE RETAIL
N
DEVELOPMENT
RO
AD
The Offering
Newmark Knight Frank Canada
Limited (“Newmark”), on behalf of
CT Real Estate Investment Trust (“CT
REIT”), is pleased to present the ALASKA HIGHWAY
opportunity to purchase 24.95 acres OLD FOR
T ROAD
of fully-serviced light industrial/
commercial zoned development land FUTURE RETAIL
located at Old Fort Road & Alaska DEVELOPMENT
Highway (the “Subject Property”).
The offering presents the opportunity
to acquire one of the only large,
commercially-zoned land parcels of
its kind in a rapidly growing market.
The Subject Property is situated
adjacent to The Landing at Fort St.
John Shopping Centre, which upon
its completion will be the largest
shopping centre in Northern B.C.
D
A
12 RO
1 N
ST A
REE LT
H
T TA
Opportunity Highlights C-4 Highway Commercial
SELECT PRIMARY USES
– Animal service facility – Industrial trades training facility OFFERING PRICE
f Rare development opportunity in high growth market
– Art gallery / studio – Liquor establishment / store $8,600,000
f 24.95 acres of rare, fully-serviced light industrial / commercial – Auction sales & storage – Mini storage ($344,690 per acre)
– Automobile & recreation vehicle sales, – Newspaper printing & publishing
zoned land in Fort St. John adjacent to The Landing at Fort St. John
rental, servicing – Professional office
commercial development, which is to be the largest shopping – Brewery / distillery – Radio/television broadcasting
centre in Northern B.C. upon its completion – Building contractors, – Recreational facility
supply & storage – Restaurant
f Zoning - site can be developed under retail, service TOTAL SITE AREA
– Bulk fuel sales – Retail / shopping centre
commercial or industrial uses, and is of the only viable,FSJ
24.95 acres
– Bus depot – Service station
– Cartage, delivery, express terminal – Trade contractor office
large-scale commercially-zoned development opportunities
storage – Warehousing
in the Fort St. John area – Commercial amusement enterprise – Wholesale
– Commercial food production facility
f Easily accessed via Alaska Highway, the major north/south ZONING
– Commercial printing / school
route linking several major Northern B.C. communities to the – Dry cleaner / laundromat C-4 Highway Commercial
development, with exposure to over 15,400 vehicles per day – Gas station
– Heavy equipment sales
– Hotel
SUBJECT PROPERTY
OCP DESIGNATION
General Commercial
100 AVENUE
THE LANDING AT FORT ST.
JOHN RETAIL DEVELOPMENT NORTH PEACE
REGIONAL AIRPORT
PID
031-302-084
ALASKA HIGHWAY
SITE C DAM
LEGAL DESCRIPTION
Lot A Section 35 Township 83
Range 19 West of the 6th Meridian
Peace River District Plan EPP106982
Surrounding
Businesses/
Amenities 12
11
1. Canadian Tire 13
2. RONA
3. Mark’s 5
4. Tim Hortons
SUBJECT PROPERTY
5. Kal Tire 2 6
6. Pomeroy Hotel THE LANDING AT FORT ST. 7
14
JOHN SHOPPING CENTRE
7. Home Hardware 1
8 15
8. McDonalds 4
3
9. Burger King 9
10. Wholesale Club
11. Save-on-Foods / Shoppers
12. RBC FUTURE RETAIL
16
DEVELOPMENT AL
13. BC Liquor Store / BMO AS
KA
HI
14. Browns Social House GH
10 WA
Y
15. No Frills
17
16. Pomeroy Sport Centre
17. Safeway 18
18. Totem Mall: Winners, Staples,
20
Dollarama, Landmark Cinemas, M&M
Foods, FedEx + more 19
19. Shell
20. Walmart
Fort St. John
35,000
Fort St. John (“FSJ”), B.C.’s energy capital, located in
Regional Population
the heart of Peace River Country and locally known as
the “Energetic City”, is realizing unprecedented growth
due to the development of Northeast B.C.’s abundance 69,000
of natural resources. These resources include hydro-
Trade Area Population
electric power from the creation of the Site C Dam, one
of the largest natural gas reserves in the world located in
the Montney formation, as well as one of the strongest
$154,000
agricultural industries in the country.
Avg. Household Income
– FSJ experiencing significant residential development
FORT ST. JOHN
in recent years
– Population growth due to influx of young people $167,000 km
11
relocating for work in the energy sector 1,0
km
Avg. Household Spending TERRACE
437
6.6% PRINCE GEORGE
962 km
1,221 km
5 Year Population Growth
1,313 km
31.4
Median Age
KAMLOOPS
VANCOUVER
VICTORIA
Infrastructure & Economic Growth
Coastal Gas Link Pipeline Project Site C Clean Energy Project
The 670 KM pipeline will safely deliver natural gas from the Fort St. John area to the LNG Canada The Site C Clean Energy Project (Site C) will be a third dam and hydroelectric
facility near Kitimat, B.C. As of October 2020, the company reported 21% of pipe installed in the generating station on the Peace River in northeast B.C. The project is
project’s first spread, with a planned in-service date of 2023. The $6.6 billion project is a key being built to meet long-term electricity needs in B.C., and will provide
piece of infrastructure for LNG Canada and is to provide up to 2,500 high-quality jobs during clean, reliable, and affordable electricity for more than 100 years. The Site
construction over $1B in employment and contracting opportunities. C Dam will be the largest construction project in the history of B.C., with
its construction and operation generating economic benefits for British
Columbians through job creation, economic development and increased
revenues. Upon completion in 2024, the project will have employed an
2,000–2,500 estimated 43,000 people on and off-site and produce a $130M increase in
regional and $3.2B increase to provincial GDP.
High-quality jobs during construction
$1 billion
In employment and contracting
opportunities for local and
Indigenous communities
$21 million
In annual property tax benefits
Liquefied Natural Gas (LNG) Export Facility
$36B LNG export terminal to be built in Kitimat and source natural gas from
$42 million the Fort St. John region to coastal B.C. The export terminal will open access
to global markets, creating stability across the economies of northern B.C.
Is forecast to be spent annually,
cities and establishing long term jobs.
mainly in B.C. once in operation
FOR SALE
Development Opportunity
Fully Serviced, 24.95-Acre Light Industrial/Commercial Zoned Land in Fort St. John
OLD FORT ROAD AT ALASKA HIGHWAY, FORT ST. JOHN, B.C.
242 RO
AD
T
121 STREE
NEWMARK KNIGHT FRANK, BROKERAGE OFFERING PROCESS
925 West Georgia Street, Suite 1100
Vancouver, BC V6C 3L2 All inquiries or communications including requests for additional
(604) 256 2680 Main information and pricing should be directed to Newmark.
(604) 676 7205 Fax
All proponents are required to execute and return to Newmark a
confidentiality agreement to be registered to receive subsequent
BART VANSTAALDUINEN information regarding the offering and gain access to the
Personal Real Estate Corporation
Executive Managing Director offering’s due diligence data room.
Industrial Practice Leader, Western Canada Please contact listing agent for further details.
(604) 256 2402 Direct
(604) 219 2924 Mobile
bart.van@ngkf.com NEWMARK KNIGHT FRANK CANADA LIMITED
The information contained herein has been obtained from sources deemed reliable but has not been
verified and no guarantee, warranty or representation, either express or implied, is made with respect
to such information. Terms of sale or lease and availability are subject to change or withdrawal without
notice.”
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