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Court Ordered Sale - 1,082 SF Retail Unit 8028 128th St 68,354 SF 98% Leased Retail Building Surrey, BC V3W 4E9 $1,550,000 CAD ($22.68 CAD/SF)
INVESTMENT HIGHLIGHTS
- 1,082 SF Ground Floor Retail showroom
- Reception Area
- Ample Parking
- Two Private Offices
- Kitchenette
EXECUTIVE SUMMARY
The property represents an opportunity to purchase a 1,082 SF ground floor retail strata showroom constructed in 2016, with two private offices, reception area, kitchenette, and bathroom. The strata complex, known as Little India Plaza, is improved with two, two-storey buildings and three single storey buildings containing a total of 73 strata units. The monthly strata fees are approximately $316.33. The property is zoned CD (Comprehensive Development) with general retail use and has ample parking. The City of Surrey’s Official Community Plan designates the existing use for the property as “Mixed Employment.”
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bankruptcy Sale
Property Type
Retail
Building Size
68,354 SF
Building Class
B
Year Built
2016
Price
$1,550,000 CAD
Price Per SF
$22.68 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
3.87 AC
Zoning
CD - Community Commercial Zone
Parking
150 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
520’ on 80 Avenue
AMENITIES
- Security System
- Air Conditioning
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
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Court Ordered Sale - 1,082 SF Retail Unit | 8028 128th St
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