604-638-2121
15915 84 Av, Surrey, BC for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

15915 84 Av
Surrey, BC V4N 0W7


HIGHLIGHTS

  • Retail amenities nearby
  • Access to public transit
  • Natural light exposure
  • Heavy daytime foot traffic area
  • Ample parking
  • Access to highway

OVERVIEW

The McEvay Blair Multifamily Group of Marcus & Millichap proudly presents a rare opportunity to acquire The Citadel (the “Property”), strategically located at 15915 84 Avenue in Surrey’s highly desirable Fleetwood neighbourhood. Built in 2000, this well-maintained property features 33 strata-titled units on a 47,992 square foot site, offering both exceptional quality and future redevelopment potential. Originally constructed as condominiums, The Citadel offers a superior level of quality and finishes compared to typical rental apartment buildings. Each unit boasts spacious layouts, large balconies, dishwashers, gas fireplaces, and laundry hookups. Additional building amenities include a hydraulic elevator, secure underground parking, bike storage, security cameras, two laundry rooms, and ample storage space. The property also features a large office and an underutilized amenity room on the first and third floors. Situated in the thriving Fleetwood neighbourhood, The Citadel offers significant redevelopment potential under the proposed land use plan, which envisions mixed-use high-rise development of up to 30 storeys with a 4 FSR. Additionally, the stratified nature of the units provides flexibility for investors, allowing for the potential sale of individual units offering an additional exit strategy. This prime location and versatile investment profile make The Citadel a compelling opportunity in one of the fastest growing areas of Surrey.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

33

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,992 SF

ZONING

CD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam HermanMarcus & MillichapMore Info
604-638-2121

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Adam HermanMarcus & MillichapMore Info
604-638-2121

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