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8585 160th St
Surrey, BC V4N 0Y3
Retail Property For Sale
EXECUTIVE SUMMARY
To acquire a 100% freehold interest in a fully leased, freestanding multi-tenant commercial/retail property. The building is leased to complementary medical and wellness tenants. The property has long term redevelopment potential based on its Fleetwood Centre designation. Moreover, the property is within 200 metres of the future Fleetwood SkyTrain Station permitting a minimum 5.0 floor space ratio and 20 storey height under the Province of BC's Transit Oriented Areas legislation (Bill 47)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
4,156 SF
Building Class
B
Year Built
2010
Price
$4,346,753 USD
Price Per SF
$1,045.90 USD
Cap Rate
2.34%
NOI
$101,678 USD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.20
Lot Size
0.49 AC
Zoning
CD-16805B
Parking
15 Spaces (3.61 Spaces per 1,000 SF Leased)
Frontage
57’ on 160th Street
AMENITIES
- Signage
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
