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For Sale Surrey, Bc 6870-6898 Kinggeorge Boulevard

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For Sale Surrey, Bc 6870-6898 Kinggeorge Boulevard “UPSIDE RETAIL OPPORTUNITY” ON 2.67 ACRES OF LAND WITH 417 FEET FOR SALE OF FRONTAGE 417 ‘ KING GEORGE BOULEVARD Tony Capolongo Cliff Raps 6870-6898 KING GEORGE BOULEVARD D 604.630.3378 D 604.531.1685 C 604.290.5318 C 778.388.2543 SURREY, BC [email protected] [email protected] FOR SALE | ‘‘UPSIDE RETAIL OPPORTUNITY ON 2.67 ACRES OF LAND WITH 417 FEET OF FRONTAGE 6870-6898 KING GEORGE BOULEVARD SURREY, BC SALIENT DETAILS Civic Address 6870-6898 King George Boulevard, BC Legal Descriptions 6870 King George Boulevard STRATA LOT 2, PLAN NWS 1643 6898 King George Boulevard STRATA LOT 1, PLAN NWS 1643 6870 King George Boulevard 001-864-246 PID 6898 King George Boulevard 001-864-238 115,261 SF (2.67 acres) consisting of 2 lots (62,781 SF and Site Size 53,480 SF) Building Size (Approx) 30,981 gross Levels 1 storey Parking 114 above ground parking stalls on site The Opportunity Tenancies Contact listing broker for rent roll Lee & Associates Vancouver and Taurus Commercial are pleased to present the opportunity to acquire a multi-tenant retail property with major frontage on King George Boulevard in Zoning C-8 — commercial/retail allowing a large variety of uses Surrey. Profoma NOI $529,271 Gross Taxes (2020) $95,093.40 Location Overview List Price $21,490,000 The Subject Property is located on the east side of King George Boulevard between 72nd Avenue and 66th Avenue within Newton Town Centre in Surrey. This central location is within walking distance to transit, the Newton Wave Pool and regional shopping centres such as Newton Village, Newton Centre, Costco, King’s Cross Shopping Centre, and Newton Crossing. This area is well-known and sought after for its proximity to major traffic arteries, with King George Boulevard providing direct access to Highway 10, Fraser Highway, 96th Avenue, and the South Fraser Perimeter Road. This convenient location offers easy accessibility to most areas in Metro Vancouver and the Fraser Valley and the Vancouver International 417’ Airport. The Canada/USA Border is less than 20 minutes away. Property Overview The Subject Property is improved with a pre-cast concrete structure of approximately 30,981 square feet in gross building area. The building was constructed by Humphrey Construction Ltd. in the 1980’s. There are currently twelve (12) units of ground floor rentable area. Highlights X Typical units 2,085 SF X Concrete tilt-up construction X 12 units in total X Each unit has minimum 1 HVAC system X Rear dock and grade loading X Stratified land X High ceiling space in part of the building X Near transit X Ample on-site parking X Owner user can occupy 6,167 SF X Roof replaced approximately in 2016 X 3 phase power throughout X HVAC units replaced in 2016 X High exposure pylon signage OCP Plan SUBJECT The site sits in a prime area of Surrey for development as it is in one of the City’s main commercial “nodes” where the expectation is rapid transit connected with dense commercial and residential development Demographics 1 km 3 km 5 km 10 min drive 2020 Estimated Population 14,087 121,276 235,499 237,816 Pop. Change (2015-2020) 7.9% 8.0% 7.3% 7.6% Median Age 38.8 36.0 37.0 37.0 2020 Households 4,642 33,307 66,527 68,357 Avg. Household Income $89,784 $104,923 $108,646 $108,845 Total Daytime Population 11,869 94,128 178,033 185,769 Source: Environics Analytics 2020 Estimate 66 68 62 WALK SCORE TRANSIT SCORE BIKE SCORE FRANK HURT SECONDARY 76 AVE KING GEORGE BLVD — 40,500 VPD 40,500 — BLVD GEORGE KING KING GEORGE BLVD — 40,500 VPD 40,500 — BLVD GEORGE KING 72 AVE 142 ST 138 ST 132 ST 134 ST GEORGES VANIER ELEMENTARY UNWIN PARK HAZELNUT MEADOWS COMMUNITY PARK PD 68 AVE — 16,370 V HYLAND ELEMENTARY Tony Capolongo Cliff Raps D 604.630.3378 C 604.290.5318 D 604.531.1685 C 778.388.2543 [email protected] [email protected] Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. 0527 © 2021 Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com.
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