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5630 176th St 9,087 SF 100% Leased Retail Building Surrey, BC V3S 4C6 $6,457,737 USD ($710.66 USD/SF) 3.02% Cap Rate
Executive Summary
Positioned at the busy intersection of 176 Street and Highway 10, this retail plaza sits on a highly visible corner in the centre of Cloverdale. The area serves as a key commercial hub with a mix of retail, restaurant, and service businesses that cater to both local residents and regional traffic. Surrounded by established neighbourhoods and close to the Cloverdale Fairgrounds, the site benefits from steady customer flow throughout the year. It's convenient access to Highway 10, Highway 15, and other major routes enhances accessibility for both tenants and visitors.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,087 SF
Building Class
B
Year Built
1992
Price
$6,457,737 USD
Price Per SF
$710.66 USD
Cap Rate
3.02%
NOI
$195,096 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.57 AC
Zoning
C15 - Town Centre Commercial Zone
Parking
8 Spaces (1.04 Spaces per 1,000 SF Leased)
Frontage
134’ on 176th St
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 12
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5630 176th St
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