Development Opportunity - FOR SALE TOTEM MALL - Newmark
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FOR SALE
Development Opportunity
Fully Serviced, 3.95-Acre Light Industrial/Commercial Zoned Land in Fort St. John
96A STREET & 89 AVENUE, FORT ST. JOHN, B.C.
TOTEM MALL
G H WAY 97 N
HI
96 A S T R E E T
E
U
E N
AV
89
The Offering
Newmark Knight Frank Canada Limited
TOTEM MALL
(“Newmark”), on behalf of CT Real
Estate Investment Trust (“CT REIT”), is
pleased to present the opportunity to
purchase 3.95 acres of fully-serviced,
light industrial/commercial zoned
development land located at 96A Street
and 89 Avenue in Fort St. John, B.C. E T
R E
(the “Subject Property”). The offering ST
presents the opportunity to acquire a A
96
rare development site in an established
commercial node, directly adjacent
to Walmart and Totem Mall Shopping
Centre, featuring over 40 shops and
service amenities. 89
AV
E NU
E
ALASKA
H I G H WAY
96
AS
TR
EE
T
89
AV
E NU
E
96 A S T R E E T
E T
R E
S T
A
96
Opportunity Highlights C-3 General Commercial
OFFERING PRICE
SELECT PRIMARY USES $3,140,000
f Rare development opportunity in high growth market – Animal service facility – Health services facilities ($795,000 per acre)
– Art gallery / studio – Hotel
f 3.95 acres of rare, fully-serviced light industrial / commercial zoned land in Fort – Auction sales & storage – Liquor establishment / store
– Automobile & recreation vehicle – Professional office
St. John adjacent to Walmart and Totem Mall Shopping Centre
sales, rental, servicing – Radio / television broadcasting
f Zoning - site can be developed under retail, service commercial or – Brewery / distillery – Recreational facility
– Bus depot – Restaurant TOTAL SITE AREA
industrial uses, and is one of the only viable, commercially-zoned
development opportunities in the Fort St. John area
FSJ – Commercial amusement – Retail / shopping centre 3.95 acres
enterprise – Trade contractor office
– Commercial printing / school
f Subject Property located at key, high-traffic intersection with easy access/ – Community care facility
egress and high visibility – Daycare
– Dry cleaner / laundromat ZONING
– Gas station C-3 General Commercial
OCP DESIGNATION
SUBJECT PROPERTY General Commercial
100 AVENUE
NORTH PEACE
REGIONAL AIRPORT
PID
025-423-916
ALASKA HIGHWAY
SITE C DAM
LEGAL DESCRIPTION
Lot 2 Section 31 Township 83 Range 18
West of the 6th Meridian Peace River
District Plan PGP48106
Surrounding
Businesses/Amenities
11
1. Canadian Tire 12
2. RONA 13
3. Mark’s
4. Tim Hortons
5
5. Kal Tire FUTURE COMMERCIAL/LIGHT
INDUSTRIAL DEVELOPMENT
6. Pomeroy Hotel
2 6
7. Home Hardware 7
THE LANDING AT FORT ST.
8. McDonalds JOHN SHOPPING CENTRE
14
1
9. Burger King 8 15
4
10. Wholesale Club 3
9
11. Save-on-Foods / Shoppers
12. RBC
13. BC Liquor Store / BMO FUTURE RETAIL
DEVELOPMENT 16
14. Browns Social House AL
AS
KA
15. No Frills HI
GH
10 WA
16. Pomeroy Sport Centre Y
SUBJECT PROPERTY
17. Safeway 17
18. Totem Mall: Winners, Staples, Dollarama, 18
Landmark Cinemas, M&M Foods, FedEx +
more 20
19. Shell 19
20. Walmart
Fort St. John
35,000
Fort St. John (“FSJ”), B.C.’s energy capital, located in the heart of Peace
Regional Population
River Country and locally known as the “Energetic City”, is realizing
unprecedented growth due to the development of Northeast B.C.’s
abundance of natural resources. These resources include hydro-electric 69,000
power from the creation of the Site C Dam, one of the largest natural gas
Trade Area Population
reserves in the world located in the Montney formation, as well as one of
the strongest agricultural industries in the country.
– FSJ experiencing significant residential development in recent years $154,000
– Population growth due to influx of young people relocating for work Avg. Household Income
in the energy sector FORT ST. JOHN
$167,000 km
11
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 facility near Kitimat, B.C. The Site C Clean Energy Project (Site C) will be a third dam and hydroelectric generating station
As of October 2020, the company reported 21% of pipe installed in the project’s first spread, with a planned in-service date on the Peace River in northeast B.C. The project is being built to meet long-term electricity needs
of 2023. The $6.6 billion project is a key piece of infrastructure for LNG Canada and is to provide up to 2,500 high-quality in B.C., and will provide clean, reliable, and affordable electricity for more than 100 years. The
jobs during construction over $1B in employment and contracting opportunities. Site 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 estimated 43,000 people on and off-site and produce a $130M increase in regional and
$3.2B increase to provincial GDP.
2,000–2,500
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 the Fort St. John region
$42 million to coastal B.C. The export terminal will open access to global markets, creating stability across the
economies of northern B.C. cities and establishing long term jobs.
Is forecast to be spent annually, mainly in
B.C. once in operation
FOR SALE
Development Opportunity
Fully Serviced, 3.95-Acre Light Industrial/Commercial Zoned Land in Fort St. John
96A STREET & 89 AVENUE, FORT ST. JOHN, B.C.
TOTEM MALL
I G H WAY 97N
H
96A STREET
E
U
EN
AV
NEWMARK KNIGHT FRANK, BROKERAGE OFFERING PROCESS
89 925 West Georgia Street, Suite 1100
Vancouver, BC V6C 3L2 All inquiries or communications including requests for additional information and
(604) 256 2680 Main 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 information regarding the offering
BART VANSTAALDUINEN and gain access to the offering’s due diligence data room.
Personal Real Estate Corporation
Executive Managing Director Please contact listing agent for further details.
Industrial Practice Leader, Western Canada
(604) 256 2402 Direct
(604) 219 2924 Mobile
bart.van@nmrk.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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