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12070 88 Ave 27,360 SF 100% Leased Retail Building Surrey, BC V3W 3J2 For Sale
INVESTMENT HIGHLIGHTS
- Approximately $3.5 million worth of building improvements completed renovations in 2016
- Ample parking and signage
- Cold storage and warehouse
- Potential to accommodate more tenants in the building
- Fully improved ethnic supermarket with the infrastructure in place
- Fully improved mezzanine office space with two separate outside entrances
EXECUTIVE SUMMARY
Macdonald Commercial is pleased to present the opportunity to purchase a freestanding community shopping centre. The property is ideal for owner-occupiers and investors alike. Currently, the building is occupied by three tenants, including the owner’s operating business, as well as two additional tenants: a warehouse cold storage facility and a boutique jewellery store.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
27,360 SF
Building Class
B
Year Built
1982
NOI
$776,178 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
1.39 AC
Zoning
CD - CD –Comprehensive Development
Parking
70 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
150’ on 88 Avenue
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
1 of 33
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12070 88 Ave
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