10324 120TH STREET, SURREY, BC - Colliers Canada
FOR SALE > INDUSTRIAL SPACE Investment Opportunity in Bridgeview 10284 - 10324 120TH STREET, SURREY, BC
South Fraser Perimeter Road
PCX
10
3A
Av en
ue
d Roa t t Sco
OPPORTUNITY To purchase a multi-tenant industrial investment property in the heart of the Bridgeview/South Westminster industrial area in Surrey. 10284-10324 120th Street, Surrey has nearly 360’ of frontage on Scott Road at the corner of 103A Avenue, and is located within 2 minutes of the Tannery Road interchange connecting to the new South Fraser Perimeter Road (Highway 17). Its central location within Metro Vancouver and proximity to major transportation corridors and Fraser Surrey Docks will drive long term tenant demand in the area. Five long term tenants are in place, with leases running until at least July 2020. Two small units are currently vacant, offering an opportunity for an owner user to occupy the Property or to lease to additional tenants for further rental upside.
CHRIS BREWSTER* 604 662 2694 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
FOR SALE 10284 - 10324 120th Street , Surrey, BC PROPERTY BREAKDOWN 103A Avenue Ground Floor Area (SF)* 8,742 SF
1
Site Size: 0.9 Acres 13,790 SF
2
3
Site Size: 0.9 Acres Site Size: 0.9 Acres
Total
Comments
1
>> Steel-framed multi-tenant industrial building >> Additional 1,600 SF front mezzanine with two-bedroom suite >> IL-1 Light Impact Industrial Zoning >> Steel-framed multi-tenant industrial building >> Additional 2,400 SF front office mezzanine >> IL-1 Light Impact Industrial Zoning >> Fully paved storage yard with a number of temporary structures >> IB-2 Business Park 2 Zoning
2 Scott Road
Area
3
22,532 SF Site Size: 2.7 Acres
*All measurements are approximate and must be verified.
ZONING Currently zoned IL-1 (Light Impact Industrial) and IB-2 (Business Park 2) and designated for industrial/business park in South Westminster NCP
PROPERTY TAXES $65,762.60 (2015)
NET INCOME
CONTACT US
$293,289** currently, plus an additional $42,000 on full lease up
CHRIS BREWSTER* 604 662 2694 [email protected]
**please contact listing agent for breakdown of net income
SALE PRICE $6,200,000 - 5.38% cap rate on full lease up This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. TG/08/16
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
South Fraser Perimeter Road
PCX
10
3A
Av en
ue
d Roa t t Sco
OPPORTUNITY To purchase a multi-tenant industrial investment property in the heart of the Bridgeview/South Westminster industrial area in Surrey. 10284-10324 120th Street, Surrey has nearly 360’ of frontage on Scott Road at the corner of 103A Avenue, and is located within 2 minutes of the Tannery Road interchange connecting to the new South Fraser Perimeter Road (Highway 17). Its central location within Metro Vancouver and proximity to major transportation corridors and Fraser Surrey Docks will drive long term tenant demand in the area. Five long term tenants are in place, with leases running until at least July 2020. Two small units are currently vacant, offering an opportunity for an owner user to occupy the Property or to lease to additional tenants for further rental upside.
CHRIS BREWSTER* 604 662 2694 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
FOR SALE 10284 - 10324 120th Street , Surrey, BC PROPERTY BREAKDOWN 103A Avenue Ground Floor Area (SF)* 8,742 SF
1
Site Size: 0.9 Acres 13,790 SF
2
3
Site Size: 0.9 Acres Site Size: 0.9 Acres
Total
Comments
1
>> Steel-framed multi-tenant industrial building >> Additional 1,600 SF front mezzanine with two-bedroom suite >> IL-1 Light Impact Industrial Zoning >> Steel-framed multi-tenant industrial building >> Additional 2,400 SF front office mezzanine >> IL-1 Light Impact Industrial Zoning >> Fully paved storage yard with a number of temporary structures >> IB-2 Business Park 2 Zoning
2 Scott Road
Area
3
22,532 SF Site Size: 2.7 Acres
*All measurements are approximate and must be verified.
ZONING Currently zoned IL-1 (Light Impact Industrial) and IB-2 (Business Park 2) and designated for industrial/business park in South Westminster NCP
PROPERTY TAXES $65,762.60 (2015)
NET INCOME
CONTACT US
$293,289** currently, plus an additional $42,000 on full lease up
CHRIS BREWSTER* 604 662 2694 [email protected]
**please contact listing agent for breakdown of net income
SALE PRICE $6,200,000 - 5.38% cap rate on full lease up This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2016. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. TG/08/16
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
