- What A light industrial property in Surrey, B.C., has hit the market
- Why The property has a reliable tenant and potential for redevelopment
- What next It could be redeveloped into an industrial park with office space
A 2-acre industrial site in Surrey, B.C., has hit the market hoping to snag $15.9m.
At 12510 82 Avenue in the Newton area, the property has a tenanted 22,000 sq ft light industrial building with 18 ft ceilings and a fully paved yard. Macdonald Commercial has the marketing assignment on behalf of an unknown vendor.
The campaign touts the property’s reliable tenant, Beacon Building Products, which has two years remaining on its lease. The building comprises 17,000 sq ft of warehouse space, 3,200 sq ft of office or showroom space and a 1,400 sq ft mezzanine. It has seven grade-loading doors and two bays for drive-in loading.
The rectangular-shaped property offers redevelopment opportunity – it could become a business park – while providing a holding income. It is in a light industrial area with ample transit, plus retail and dining options nearby.
The property is 24 km southeast of downtown Vancouver, 18 km northwest of the Douglas border crossing and 24 km northeast of the Deltaport container terminal.
With access to several arterial routes, the property is also 10 km south of Highway 1.
