604-647-5066
14815 108 Ave, Surrey, BC for Sale
Storefront - FOR SALE
1/8
null | Request Cap Rate

14815 108 Ave
Surrey, BC V3R 1W2


OVERVIEW

Opportunity to acquire a 101,833 sf grocery anchored neighbourhood shopping centre, fully leased to a mix of 18 national and regional tenants and situated on 6.90-acres of prime redevelopment land at a prime intersection in the City of Surrey. Strong redevelopment potential - Designated within the Guildford Neighbhourhood Concept Plan (NCP) allowing flexible options for residential concrete or wood-frame construction Central location - Situated at a prime intersection in a densely populated, amenity-rich neighbourhood with convenient access to major transportation routes including Trans-Canada Highway directly from 108th Avenue, along with Guildford Town Centre, the future Surrey-Langley SkyTrain, and Surrey City Centre Site attributes - Large rectangular shape with four road frontages, offering efficiency and economies of scale, and phenomenal views overlooking the North Shore mountains and the Fraser River. Increased income potential - Significant upside as current average rents are over 50% below market and there is potential to build additional pads Multiple value add strategies - The Property offers 6.90 acres of land and allows for both a full or a phased re-development. The site bifurcates and allows the Purchaser to focus on re-developing the eastern portion of the site and repositioning the western portion of the centre

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Heights Shopping Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

6.9 AC

LAND SF

300,564 SF

ZONING

C-8

APN/PARCEL ID

009-266-801

ASK ABOUT THIS PROPERTY

Bob LevineAvison Young Commercial Real EstateMore Info
604-647-5066

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Bob LevineAvison Young Commercial Real EstateMore Info
604-647-5066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.