For Sale - JLL Property
For Sale
Multi-tenant Investment Opportunity 13369 72nd Avenue, Surrey, BC
Baktash Kasraei
Michael Thompson*
[email protected]
[email protected]
Senior Associate Office +1 604 998 6016 Cell +1 604 619 4391
Senior Vice President Office +1 604 998 6036 Cell +1 604 809 5836 *Personal Real Estate Corporation
Opportunity
To acquire 100% freehold interest in Newton Business Centre, a multi-tenant, light industrial, office and service complex located in the highly sought after Newton neighborhood of Surrey.
Location
The building is located just west of King George Boulevard on the northwest corner of 72nd Avenue and Comber Way/134th Street in Surrey’s popular Newton neighborhood. The property is located on a public transit route providing convenient access to King George SkyTrain station.
Highlights • • • •
Site Area
70,932 sf (1.63 acres)
Building Area Second floor office
11,520 sf
Ground floor office and warehouse
23,040 sf
Total Building Area
34,560 sf
Legal Description
Lot “A” (R122902) Except: Parcel “One” (Bylaw Plan 66875) Section 20 Township 2 New Westminster District Plan 43080 PID 006-153-631
Property Taxes
430 feet of exposure to 72nd Avenue On transit route Ample surface parking Fenced loading court
$59,735.40 (2014)
Asking Price $6,300,000
• Total of 16 storefronts
Traffic Count
Tenancy and Income
The building is 98% leased to a complementary mix of 11 office, service, restaurant, wholesale and recreation tenants. Year 1 Net Operating Income is $288,680 based on current occupancy.
Baktash Kasraei
Michael Thompson*
Senior Associate
Senior Vice President
Office +1 604 998 6016
Office +1 604 998 6036
Cell +1 604 619 4391
Cell +1 604 809 5836
[email protected]
[email protected]
Demographics Distance from Subject
1km
3km
5km
Population 2014
10,704
120,332
257,022
Population 2019
12,386
132,138
280,374
15-34 age group
30.26%
30.45%
29.49%
Average household income
$67,831
$82,924
$91,602
160’
IL (Light Impact Industrial) - this zone is intended to accommodate and regulate the development of light impact industry including but not limited to distribution, warehousing, limited service, commercial and more.
ay Comber W
30,100 cars travel on 72nd Avenue each day
Zoning
430’
72nd Avenue
Jones Lang LaSalle Real Estate Services, Inc. 14th Floor, 355 Burrard Street Vancouver, BC V6C 2G6 Tel: +1 604 998 6001 Fax: +1 604 998 6018 www.jll.ca
© 2015 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. E. & O. E. Jones Lang LaSalle Real Estate Services, Inc. Real Estate Brokerage. *Personal Real Estate Corporation
Multi-tenant Investment Opportunity 13369 72nd Avenue, Surrey, BC
Baktash Kasraei
Michael Thompson*
[email protected]
[email protected]
Senior Associate Office +1 604 998 6016 Cell +1 604 619 4391
Senior Vice President Office +1 604 998 6036 Cell +1 604 809 5836 *Personal Real Estate Corporation
Opportunity
To acquire 100% freehold interest in Newton Business Centre, a multi-tenant, light industrial, office and service complex located in the highly sought after Newton neighborhood of Surrey.
Location
The building is located just west of King George Boulevard on the northwest corner of 72nd Avenue and Comber Way/134th Street in Surrey’s popular Newton neighborhood. The property is located on a public transit route providing convenient access to King George SkyTrain station.
Highlights • • • •
Site Area
70,932 sf (1.63 acres)
Building Area Second floor office
11,520 sf
Ground floor office and warehouse
23,040 sf
Total Building Area
34,560 sf
Legal Description
Lot “A” (R122902) Except: Parcel “One” (Bylaw Plan 66875) Section 20 Township 2 New Westminster District Plan 43080 PID 006-153-631
Property Taxes
430 feet of exposure to 72nd Avenue On transit route Ample surface parking Fenced loading court
$59,735.40 (2014)
Asking Price $6,300,000
• Total of 16 storefronts
Traffic Count
Tenancy and Income
The building is 98% leased to a complementary mix of 11 office, service, restaurant, wholesale and recreation tenants. Year 1 Net Operating Income is $288,680 based on current occupancy.
Baktash Kasraei
Michael Thompson*
Senior Associate
Senior Vice President
Office +1 604 998 6016
Office +1 604 998 6036
Cell +1 604 619 4391
Cell +1 604 809 5836
[email protected]
[email protected]
Demographics Distance from Subject
1km
3km
5km
Population 2014
10,704
120,332
257,022
Population 2019
12,386
132,138
280,374
15-34 age group
30.26%
30.45%
29.49%
Average household income
$67,831
$82,924
$91,602
160’
IL (Light Impact Industrial) - this zone is intended to accommodate and regulate the development of light impact industry including but not limited to distribution, warehousing, limited service, commercial and more.
ay Comber W
30,100 cars travel on 72nd Avenue each day
Zoning
430’
72nd Avenue
Jones Lang LaSalle Real Estate Services, Inc. 14th Floor, 355 Burrard Street Vancouver, BC V6C 2G6 Tel: +1 604 998 6001 Fax: +1 604 998 6018 www.jll.ca
© 2015 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. E. & O. E. Jones Lang LaSalle Real Estate Services, Inc. Real Estate Brokerage. *Personal Real Estate Corporation
