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Multifamily Development Site on King George Boulevard

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Multifamily Development Site on King George Boulevard FOR SALE MULTIFAMILY DEVELOPMENT SITE 88 Avenue ON KING GEORGE BOULEVARD 8293 King George Boulevard 8345 135A Street Surrey, BC Proposed 84 Avenue LRT Station 84 Avenue 8345 8293 King George Boulevard Proposed 80 Avenue LRT Station MIKE GREWAL | 604 694 7200 | [email protected] DYLAN SOHI | 604 661 0818 | [email protected] Surrey City 104 Avenue THE OPPORTUNITY Centre To acquire a high exposure, development site along the King George Corridor. The subject property is located on the west side of King George Boulevard just south of the 84th Avenue and King George Boulevard Fraser Highway intersection. The Property is one of the largest, ready to develop sites along King George Boulevard in Surrey and within walking distance of a future Light Rail Transit station. The City of Surrey is experiencing an influx of development due to the lack of affordable housing in municipalities west of the Fraser River. This has created a surge in demand for townhomes and apartments/ condos. King George Boulevard PROPERTY DESCRIPTION Municipal Address: 8293 King George Boulevard & 8345 135A Street , Surrey, BC PID: 004-959-370 Lot 67 Section 29 Township 2 Plan 51521 NWD Legal Address: PID: 001-264-133 Lot 71 Section 29 Township 2 Plan 57624 NWD Part SE 1/4 Proposed 84 Avenue 84 Avenue LRT Station Lot Size: 187.084 SF or 4.29 acres CTA - Tourist Accomodation Zone bound by the following contracts^: Zoning: > L.U.C. 142 8345 > L.U.C. 346 Land $ 4,673,000 8293 Property Assessment Improvements $ 21,000 (2016): Total $ 4,694,000 Gross Taxes (2015): $45,952.05 King George Boulevard Expo Line Improvements: The property has two single storey multi-unit residential buildings on site Proposed LRT to Langley City Centre Contact listing agents for a complete and Confidential Information Memorandum Proposed LRT to South Surrey ^ Land Use Contracts in the process of being discharged Proposed LRT to Guildford PROPERTY FEATURES > Large parcel along King George Boulevard that is ready for development > Level site with no creeks > Located within walking distance to two future LRT stations at 84 Avenue and 80 Avenue > Two points of access/egress SALE & OFFERING PROCESS A Confidential Information Memorandum will be available to qualified purchasers upon execution of a Confidentiality Agreement. The Colliers dataroom will contain, among other items: > Confidential Information Memorandum (CIM) > Vendor Approved Standard Offer to Purchase > NEXT Environmental Stage-1 Sale Price: $17,500,000 Proposed 84 Avenue LRT Station 8345 8293 Expo Line Proposed LRT to Langley City Centre Proposed LRT to South Surrey Proposed LRT to Guildford Lougheed Highway Burquitlam y t W S Kingsway Ave Lake City Burns Rd r n e i Lougheed Highway n a i t Linton St r n Sprott St Production Lougheed a Port Gatensbury Rd Gatensbury d Winston St Way Town Centre u Austin Ave Coquitlam o M R T M r Harris Rd Harris r a e Rd Neaves e n v i Deer Lake Pkwy s u COQUITLAM l C R a B n t a t Dewdney Trunk Rd da i 132 Ave Highway P Broadway St Broadway Braid Brunette Ave 7 North Rd 128 Ave 128 Ave BURNABY United Blvd PITT Shaughnessy St s Canada Wy as 6 St 10 Ave Hartley Ave Mary Hill Byp MEADOWS P Pitt Sapperton o Meadows r 203 St 203 Royal t 227 St 224 St 216 St Laity St Laity Oak Rd Woolridge 232 St M Douglas Kingswa y River a Island PITT MEADOWS n Hammond Rd n AIRPORT NEW6 Ave Columbia St 116 Ave B DEMOGRAPHICSEdmonds Fraser Maple r Rd H r Meadows ive a P id R Port n Gilley Ave 8 Ave a g Fraser Wy Haney e WESTMINSTERtu e y ONE OF 207th St Canada’s fastest growing war Columbia llo B e ds Queens Ave Bridge yp 22nd St t o Scott Rd Perimeter Rd as S n New s A Wy Westminster C.N.R. l Grosvenor Rd ex F Gateway ras 108 Ave 108 Ave metro economies Byrne Rd e r B Scott Rd Surrey r Central Barnston Island i d 104 Ave 104 Ave g North Fraser Wy e King George Golden Ears Bridge Golden Ears 208 St 100 Ave 100 Ave 148 St 91A 100 Ave Q Fraser Highway u W ee 156 St i Albion Ferry n 96 Ave ls s 96 Ave Annacis 120 St 96 Ave o Mcmillan b n o Island Island 99A 192 St C ro 92 Ave r u 92 Ave ve g A 160 St n h e d B 132 St e y liv r 88 Ave C D W i 88 Ave erwe n t d 88 Ave g y e l W e Rd 216 St Topham d 84 Ave 84 Ave Glover Rd or Telegraph Tr N C.N.R. 144 St Annacis Pacic Highway Harvie Rd Brown Rd Brown 80 Ave 128 St 152 St 80 Ave C.N.R. 80th Ave 76 Ave 76 Ave 112 St 216 St King George Highway 184 St 192 St 208 St 200 St 168 St H 140 St ig 72 Ave Newton Rd 72 Ave h 72 Ave 240 St w 72 Ave a y SURREY 64 Ave 68 Ave Hwy 10 91 MIKE GREWAL Rd Scott 17 Bypass DELTA 176th St 604 694 7200 Kitson Pkwy SOUTHERN RAILWAY 64 Ave Glover Rd 64 Ave [email protected] B.N.R. 60 Ave Logan Ave 58 Ave 148 St 140 St 56 Ave 56 Ave Douglas Cr B.C. RAIL 208 St LANGLEY 56 Ave DYLAN SOHI AIRPORT Colebrook Rd 53 Ave 160 St 604 661 0818 Station Rd brook Rd Cole 203 St Fraser Highway [email protected] 15 Gra 48 Ave de Cr Old Yale Rd COLLIERS INTERNATIONAL ve Mud Bay 40 A 40 Ave 40 Ave 13450 102nd Avenue, Suite 1850 1km radius 3km radius 5km radius Pacic Highway Surrey, BC V3T 5X3 152 St TOTAL AVERAGE POPULATION 184 St Rd LANGLEY 604 681 4111 t 32 Ave n 32 Ave 2015 Estimate 9,539e 107,009 305,918 32 Ave www.collierscanada.com es c w Cr ie St 192 St 2020 Projected v 10,407 28 Ave115,84199 325,659 28 Ave y 168 St a 160 St B 140 St AVERAGE24 Ave HOUSEHOLD INCOME 24 Ave This document/email has been prepared by Colliers International for advertising and 24 Ave 24 Ave general information only. Colliers International makes no guarantees, representations 2015 Estimate $71,091WHITE ROCK$85,082 $83,239 124 St or warranties of any kind, expressed or implied, regarding the information including, 128 St 20 Ave 20 Ave 20 Ave but not limited to, warranties of content, accuracy and reliability. Any interested party 2020 Projected $79,723 $95,625 $93,430 232 St 208 St 240 St 216 St 224 St 200 St St 200 should undertake their own inquiries as to the accuracy of the information. Colliers OCCUPIED PRIVATENorth BluDWELLINGS Rd 16 Ave 16 Ave International excludes unequivocally all inferred or implied terms, conditions and Marine Dr warranties arising out of this document and excludes all liability for loss and damages 2015 Owned 2,111 19,692Buena Vista Ave 62,152 arising there from. This publication is the copyrighted property of Colliers International 176 St and /or its licensor(s). © 2016. All rights reserved. This communication is not intended 2015 Rented 1,047 10,187 8 Ave 30,603 Campbell River Rd to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls B.N.R. Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. JS 05/2016 176 St 172 St CANADA 0 Ave Boundary Rd U.S.A..
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