FOR SALE 10274-10324 120th Street, Surrey

3.58 ACRE INDUSTRIAL REDEVELOPMENT OPPORTUNITY WITH DIRECT EXPOSURE TO 120TH STREET (SCOTT ROAD)

120TH STREET

103A AVENUE Opportunity

The opportunity to acquire a 3.58 acre industrial re-development site at the corner of 120th Street (Scott Road) and 103A Avenue in the Bridgeview/South Westminster. The subject property offers prominent exposure to 120th Street, one of the most heavily trafficked north-south transportation corridors in Surrey. In addition, the subject property is situated two blocks from the Tannery Road interchange, offering connectivity in all directions with Highway 17 (South Fraser Perimeter Road), the primary east-west connector between Delta Port and Highway #1 (Trans-Canada Highway). This highly sought-after location, combined with prominent street appeal, is ideal for industrial uses requiring exposure to major transportation corridors. The subject property is currently tenanted on KING GEORGE BOULEVARD short-term basis, offering holding income while development planning is underway. Location

PATULLO BRIDGE The subject property is located on 120th Street, situated within the Bridgeview/South Westminster area of north Surrey. 120th Street benefits from direct access to the South Fraser Perimeter Road (Highway #17) which connects to all locations in Metro via Highways 1, 91, and 99. The location also provides excellent access SCOTT ROAD

SOUTH FRASER PERIMETER ROAD (HIGHWAY #17) south to the U.S. border, which is a 25-minute drive away. The subject property is surrounded by a variety of convenient restaurant amenities, including Burger King, Starbucks, Tim Horton’s and White Spot. In addition the subject property is situated across the street from the newly developed Pacific Link Industrial Park, featuring prominent neighbouring businesses such as Lordco, BA Robinson, Frito Lay, Texcan, Marathon Hardware, Victaulic, SUBJECT PROPERTY and Transforce.

TANNERY ROAD Tenancies

120TH STREET

The subject property currently has three (3) tenancies, all of which contain a mutual termination option, with a notice period to vacate ranging from three (3) to six (6) months. Aggregate gross lease income is approximately $23,600 per month. Key Features Property • Corner development property with favourable development dimensions • High exposure property fronting 120th Street (Scott Road) 10274, 10284, 10304 & • Located just off Highway #17 (South Fraser Perimeter Road) in one of the 120TH STREET Municipal Address 10324 most central service-industrial locations in the 120th Street, Surrey • Located adjacent to Pacific Link Industrial Park, one of the most 103A AVENUE LOT 4, 5, 6 & 7 BLOCK prominent new business park developments in Surrey, with neighbours 1 SECTION 30 BLOCK 5 120TH STREET Legal Address NORTH RANGE 2 WEST that include Lordco, BA Robinson, Frito Lay, Texcan, Marathon Hardware, Victaulic, and Transforce. DISTRICT PLAN 454 000-598-771, 009-609- 717, PID 011-564-369 & 011-564- Due Diligence 351

Building Size* 23,532 SF A comprehensive due diligence package is available upon the execution of a confidentiality agreement, which includes recent environmental reports, Property Taxes (2020) $86,278.89 geotechnical reports, surveys, tax documents, development concepts and title. * All measurements are approximate and should be verified

ZONING Site Size 329ft

10274 120 Street: IL (Light Impact Industrial) 3.58 Acres

10284 120 Street: IB-2 (Business Park 2 Zone) 478ft 10304 120 Street: IL-1 (Light Impact Industrial) 478ft 10324 120 Street: IL-1 (Light Impact Industrial) Please consult with the listing agent for details Price regarding the vendor’s application to re-zone the subject property to CD, based on IL-1 (Light 316ft Impact Industrial) and CHI (Highway Commercial $12,600,000 Industrial). Buntzen Lake Capilano Lake

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Causeway B.N.R. BC FERRIES US BORDER TERMINAL COLLIERS INTERNATIONAL | INDUSTRIAL 10274-10324TSAWWASSEN Chris Brewster Malcolm Earle Personal Real Estate Corporation Personal Real Estate Corporation 120th Street, 604 662 2694 604 209 7838 Surrey [email protected] [email protected]

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