FOR SALE 13216 104 AVENUE FOR SALESURREY, BC SURREY CITY CENTRE DEVELOPMENT OPPORTUNITY 13216 104 AVENUE | SURREY, BC

Gateway Station

Surrey Central Station

(Future) Surrey City Centre - Guildford LRT SUBJECT SITE

104 Avenue Future LRT Station RCMP E Division Headquarters Surrey City Hall The Hub @ KGS

Expo Line

Jim Pattison Outpatient Care and Surgery Centre (Future) Surrey -Langley LRT (22,600 VPD) Future LRT Station Central City Shopping Centre

King George Boulevard (41,000 VPD)

Surrey Memorial Hospital JACK ALLPRESS* DAVID MORRIS* Canada Revenue Agency 604 638 1975 604 638 2123

132 Street 132 [email protected] [email protected]

*Personal Real Estate Corporation (Future) Surrey City Centre - Newton LRT FORM REAL ESTATE ADVISORS INC.

FORM REAL ESTATE ADVISORS INC. FOR SALE 13216 104 AVENUE SURREY, BC

A rare opportunity to acquire an exceptionally well located corner development site in the heart of the SUBJECT SITE Gateway Surrey City Centre Station 132 Street (9,840 VPD) Old Yale Road

104 Avenue (10,980 VPD) LOCATION University Drive 102 Avenue • Highly desirable development site in Surrey City Centre City Parkway Surrey • 8 minute walk to City Hall

Simon Fraser • 8 minute walk to Simon Fraser University Surrey (SFU) University Surrey • 8 minute walk to Surrey Central Mall

• 2 minute walk to Kwatlen Park Secondary School Surrey Central Station • Area retailers include Shoppers Drug Mart, T&T Supermarket, Wal-Mart and Save-on-Foods Surrey Central City Shopping Centre

DEVELOPMENT POTENTIAL Whalley Boulevard • Surrey City Centre Plan permits 2.5 Floor Space Ratio (to be verified by purchaser) • 27,692 SF corner lot with efficient site dimensions of approximately 232 feet on 132 Street and 119 feet on 104 avenue • Desirable neighbourhood within Surrey, with a number of upcoming and current developments

TRANSIT The Subject Property is minutes away from Surrey Central Station and King George Station, which both connect Surrey to areas all over Metro Vancouver. The strategically located area of Surrey City Centre experiences great exposure to a number of difference methods of transit and is a major employment hub. The City of Surrey is also a part of the BC Transit Development Plan which includes the development of a newly integrated Light Rail Transit System connecting Surrey City Centre to Guildford, Newtown and Langley.

FORM REAL ESTATE ADVISORS INC. FOR SALE 13216 104 AVENUE SURREY, BC

MARKET OVERVIEW SALIENT DETAILS

The Subject Property is located in close proximity CIVIC ADDRESS 13216 104th Avenue, Surrey, BC to the heart of the City Centre. Surrey remains one PID 009-215-026 of the fastest growing markets in BC. Between 2012 and 2017 the population of Surrey grew LOT 34 EXCEPT: PART ROAD ON PLAN LMP17600, SECTION 27 BLOCK 5 NORTH LEGAL DESCRIPTION by 7.9% to 527,547 and has projections to grow RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN 24998 at a rate of 7.4% by 2022. The Surrey City Centre area is rapidly evolving into a major downtown VENDOR Chevron Canada Limited business district as well as a desireable area for LOCATION Southeast corner of 104th Avenue and 132nd Street high density living within the city of Surrey. As the City Centre progresses in becoming a major SITE SIZE Approximately 27,692 SF business hub, current and future developments Approximately 104 feet along 104th Avenue SITE DIMENSIONS have drawn further attention and demand to the Approximately 232 feet along 132nd Street area as it continues to grow. 104th Avenue: 10,980 Vehicles Per Day TRAFFIC COUNTS 132nd Street: 9,840 Vehicles Per Day

CG-2: The zone is intented to accommodate and regulate the development of full ZONING service gasoline stations or combined full-service and self-service gasoline stations and accessory uses including convenience and automotive repair.

Surrey City Centre: Residential Low to Mid Rise Mid-rise towers will serve as a transitional area between higher densities and lower OCP DESIGNATION & densities. Located along the perimeter of the plan, this designation will provide POTENTIAL FSR a transition between the proposed mid-rise areas and single family along outer SUBJECT SITE boundary of the plan. The designation allows for gross density up to 2.5 FSR in the form of medium to low density townhouses and 4-6 Storey apartments.

PERMITTED DENSITY 2.5 FSR (to be verified by the purchaser)

PROPERTY TAXES (2017) $21,914.37

Land: $2,616,000 BC ASSESSMENT (2017) Building: $0 Total: $2,616,000

Pre-existing environmental investigations and a Certificate of Compliance will be ENVIRONMENTAL provided to qualified prospective purchasers upon execution of a Confidentiality Agreement.

FINANCING Clear Title

ASKING PRICE $6,900,000

FORM REAL ESTATE ADVISORS INC. FOR SALE 13216 104 AVENUE SURREY, BC

SURROUNDING DEVELOPMENTS

104 Avenue 12 (Future) Surrey City Centre - Guildford LRT SUBJECT SITE 33 31 10 34 35 2 20 Boulevard George King 22 21 23

32 140 Street

18 6 Surrey Central Station 5 Old Yale Road

Expo Line

9 13 100 Avenue 29 3 36 30 132 Street 14

Future LRT Station King George Station 38 4 Future LRT Station

1 37 (Future) Surrey - Langley LRT

Fraser Highway 15 16

17 24

7 19

IN PROGRESS 25 11 96 Avenue 26 COMPLETED (Future) Surrey City Centre - Newton LRT 27 FORM REAL ESTATE ADVISORS INC. 8 28 FOR SALE 13216 104 AVENUE SURREY, BC

SURROUNDING DEVELOPMENTS

COMPLETION # PROJECT NAME ADDRESS STATUS TYPE DEVELOPER DESCRIPTION DATE

Under Construction/ The Hub at King Phase II consisting of 2 residential towers (39-storey and 29-storey) with a total of 750 units and 1 Subject Site Development - Mixed-Use PCI George Station a 13-storey office building with lower level commercial uses Application in Progress

Rezoning from RF, C-8, C-15 and CD to CD in order to permit the development of a 45-storey Estimated Fall Apartment/ 2 3 Civic Plaza 13450 102 Avenue Under Construction Century Group commercial and residential mixed-use building. Approximately 349 residential units and 144 2017 Hotel hotel suites.

3 Park Avenue West 13718 100th Ave Under Construction Summer 2017 Apartment Concord Pacific Approximately 455 residential units.

Development 9905 King George In One 29-storey, one 36-storey and one 41-storey residential apartment towers containing 4 Holland Pointe Application In Apartment Century Group Blvd Preconstruction approximately 287,360 and 400 units respectively. Progress

Development Development Permit in order to permit the development of two, 6-storey, apartment buildings 5 10110 137A St 10110 137 A St Application In - Apartment B&J Brar in the City Centre with approximately 104 units. Progress

Development In Rezoning from RF and a portion of RM-70 to CD for development of a 22 storey highrise 6 133 + Old Yale 10158 133 St Application In Apartment Townline Homes Inc. Preconstruction containing 229 residential units and 4 townhouses. Progress

Development Development Permit in order to permit the development of a mixed-use high rise development 9677 King George 9677 King George Owner: 0822112 B.C. 7 Application In - Commercial within an 18-storey building, consisting of retail uses, medical offices, a care facility and multiple Blvd Blvd Ltd c/o Debbie Carella Progress residential housing. Approximately 221 units.

Development Development Permit to permit the development of two, 6-storey apartment buildings and a 9525 King George In 8 Innovation Village Application In Apartment WestStone Group 12-storey mixed-use care facility and office building. Approximately 202 seniors’ living units and Blvd Preconstruction Progress 220 complex care and assisted-living units.

Development Development Permit and Development Variance Permit in order to permit the development of 9 9620 137A St 9620 137A St Application In - Commercial Lark Group an 8 -storey medical office with retail at grade (343,315 square feet). Progress

Development Prosper Development 10 10316 132 St 10316 132 St Application In - Apartment To rezone from RF to CD in order to develop a 91 unit, 4-storey apartment building. Inc Progress

Development 11 13509 96A 13509 96A Application In - Apartment Dulex Building Corp Development permit to permit a one 6-storey apartment building containing 123 units Progress

Development 12 13242 104 Avenue 13242 104 Avenue Application In - Apartment Mr. Lin To rezone from RF to CD (RM-70) and develop 112 units. Progress

13 Park Place I 13688 100 Ave Completed 2011 Apartment Concord Pacific 36 floors and 349 Units.

FORM REAL ESTATE ADVISORS INC. FOR SALE 13216 104 AVENUE SURREY, BC

SURROUNDING DEVELOPMENTS

COMPLETION # PROJECT NAME ADDRESS STATUS TYPE DEVELOPER DESCRIPTION DATE

14 Park Place II 9981 Whalley Blvd Completed 2012 Apartment Concord Pacific 36 floors and 349 Units.

Apartment/ 15 Edge Condos 13897 Fraser Hwy Completed 2011 Opal Homes 4 Storey; 108 Units Condo

16 The Maxx @ Verve 13919 Fraser Hwy Completed 2015 Apartment Porte Three Apartment Buildings with 198 Units

17 Emerald Heights 13883 Laurel Dr Completed 2013 Apartment Ansu Developments Five Storeys, 70 Units

Premiere International 18 Connect Living 13260 Old Yale Rd Completed 2015 Apartment 4-storey condominium with a 2-storey townhouse base consisting of 103 residential units. Developments Ltd.

N/A - managed by 19 Emerald Garden 13899 Laurel Dr Completed 2010 Townhouse 61 Unit Townhouse Paragon Realty Corp

Apartment/ WestStone Properties One 35-storey apartment building containing a total of 362 units and 11 stand-alone, ground- 20 10288 133 St 10288 133 St Completed 2013 Townhouse Ltd oriented townhouses.

NE Corner 102A Ave NE Corner 102A Ave WestStone Properties 21 Completed 2009 Apartment Four-storey apartment building containing 135 units. & 133A St & 133A St Ltd

22 10270 132 St 10270 132 St Completed 2009 Townhouse Mel Kular 16 unit, 3-storey townhouses

WestStone Properties 23 133A St & 102 Ave 133A St & 102 Ave Completed 2009 Apartment Four-storey apartment buildings containing 71 units Ltd

13924 Fraser 24 13924 Fraser Highway Completed 2011 Townhouse 664295 B.C. LTD 61, three-storey townhouses Highway

South Laurel Lands 25 9632 137A St 9632 137A St Completed 2011 Institutional 4-storey care facility containing 144 beds Development

Creekside Health a Housing Centre incorporating a healthcare clinic, shore-term recovery facilities 26 13670 96A Ave 13670 96A Ave Completed 2013 Institutional B.C. Housing and supportive housing

Surrey Memorial Phase 1 Expansion. Eight-storey critical care tower containing 435,805 27 Hospital Phase I 13750 96 Ave Completed 2014 Institutional Fraser Health Authority square feet, 1, 621 on-site parking spaces Expansion

28 Ninety-Six 13555 96 Avenue Under Construction Winter 2017 Apartment WestStone Group First dedicated rental building in Surrey City Centre in 25-years with 142 units

29 Concord Park Place 13618 100th Avenue Completed 2008 Apartment Concord Pacific 345 Units

FORM REAL ESTATE ADVISORS INC. FOR SALE 13216 104 AVENUE SURREY, BC

SURROUNDING DEVELOPMENTS

COMPLETION # PROJECT NAME ADDRESS STATUS TYPE DEVELOPER DESCRIPTION DATE

Development Concord 100th 30 13778 100th Avenue Application In On Hold Apartment Concord Pacific 555 units Avenue Progress

31 Wave 104 Ave & 133 St. Completed 2015 Apartment Rize 236 Units

Development In Surrey City Centre is a 10 acre, 1.8 million sq ft, Master Planned Urban Mixed Use Community 32 Surrey City Centre 13645 102 Ave Application In Apartment Anthem Properties Preconstruction located in the heart of downtown Surrey Progress

33 Wynd 10375 133 St Under Construction Estimated 2021 Apartment Rize 236 Units

Evolve Estimated Apartment/ 34 13308 103A Ave Under Construction WestStone Group 406 Units Condominiums 2018 Condo

35 University District 13409 104 Ave Completed 2017 Apartment Bosa Properties 310 Units

36 Park Avenue East 13718 100th Ave Completed 2016 Apartment Concord Pacific 426 Units

Development Apartment/ Riaz Virani, Avanni 37 TBD 13586 98 Avenue Application TBD 30 Storeys ( Hotel levels 1 to 5) 108 hotel suites & 202 condo units Hotel Investment Group Progress

APPROXIMATE TOTAL NUMBER OF COMPLETED RESIDENTIAL UNITS 3,355

NEWLY ADDED POPULATION IN THE AREA 4,026*

PROJECTED TOTAL NUMBER OF RESIDENTIAL UNITS 5,223 (UNDER CONSTRUCTION OR IN THE PERMIT STAGE)

PROJECTED ADDED POPULATION IN THE NEXT 5 YEARS 6,268*

* based on 1.2 people/household

FORM REAL ESTATE ADVISORS INC. FOR SALE FOR SALE13216 104 AVENUE SURREY, BC SURREY CITY CENTRE DEVELOPMENT OPPORTUNITY 13216 104 AVENUE | SURREY, BC

Kwantlen Park Secondary School Surrey City Hall

104 Avenue (10,980 VPD)

SUBJECT SITE

Translink Expo Line 132 Street (9,840 VPD) Surrey Library

WALKING SCORE: 71* VERY WALKABLE

TRANSIT SCORE: 85* Simon Fraser University Surrey EXCELLENT TRANSIT University Drive

BIKE SCORE: 84* VERY BIKEABLE

FORM REAL ESTATE ADVISORS INC. * Scores are measured on how well a location is positioned by the following categories. For more information on scores and methodology visit https://www.walkscore.com/methodology.shtml All communications and inquiries related to this opportunity, or requests for additional information or requests regarding procedures, must be made to the Form Real Estate Advisors Inc. agents named on the first 1280-333 SEYMOUR STREET page. No personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance. VANCOUVER, BC V6B 5A6 Disclaimer: None of the Vendor, its affiliates, Form Real Estate Advisors Inc. or any of their respective representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of T 604 638 2121 F 604 638 2122 the information contained in this document, and interested parties should conduct their own independent analysis of the information contained or referred to herein. Nothing contained in this document is, or should FORM.CA be relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Real Estate Advisors Inc. and their respective representatives are under no obligation to accept any offer FORM REAL ESTATE ADVISORS INC. made by any person or entity regarding this opportunity.