Image Source: Google FOR SALE 129TH STREET 8238 SURREY, BC Partnership. Performance. Opportunity Single tenant fully leased 77,729 sf industrial warehouse and production facility located on 1.88 acres Rob Greer*, Principal Michael Farrell, Principal 604.647.5084 604.646.8388
[email protected] [email protected] * Robert Greer Personal Real Estate Corporation 129TH STREET 8238 SURREY, BC Executive Summary Location Surrounded by a rapidly commercializing district that includes the Payal Busi- Rentable Area ness Centre, Little India Plaza, and is supported by major retailers such as Costco 77,729 sf and Real Canadian Superstore, the Property is located on 129th Street just south of 84th Avenue in the Newton industrial area of Surrey. Situated two blocks west Gross Site Area of King George Boulevard, this Property location provides proximity to the Fraser 2.82 acres Highway offering convenient access throughout Metro Vancouver. The Proper- ty is located approximately 1500 m from the future Surrey-Newton-Guilford LRT station at King George and 80th Avenue which will offer rapid transit accessibili- Net Site Area ty to the area. 1.88 acres (approximately 41,000 sf of unusable area Future Surrey-Newton-Guilford LRT Project due to the easements surrounding Cruik- shank Creek) Year Built 1995; expanded in 2007 Zoning IL (Light Industrial) Legal Description LOT S (BJ56508) SECTION 29 TOWNSHIP 2 NEW WESTMINSTER DISTRICT PLAN LMP19668 Tenant Profile: Kobelt Manufacturing Ltd.* Financial Summary Established in 1962, Kobelt Manufacturing Ltd. (“Kobelt”) is a privately held com- pany that designs and manufactures systems that provide solutions for guiding Net Operating Income and controlling movement.