Units at 14888 104 Avenue

For Sale | Office | ± 5,514 - 12,156 SQFT | $3,449,000–$4,650,000
Overview

Welcome to an excellent investment opportunity presented by William Wright Commercial in conjunction with Re/Max Commercial Advantage. Units 101-103 are made up of 5,514 square feet of leased ground floor retail space and unit 200 is a multi-tenant office unit spanning the entire second floor, with great exposure on 104th Avenue and a total of 12,156 square feet of leased space. The property offers parking, including secured underground parking for tenants and open visitor parking for guests. With a C-35 zoning, the space offers flexibility for a variety of commercial uses. The property currently features a strong mix of tenants, making it an attractive investment opportunity for those seeking a stable stream of rental income. Priced at a 4.8% cap rate for the office and 4.5% cap rate for the retail, this investment property offers an attractive return on investment. With its prime location and high-quality finishes, these commercial strata units are an excellent option for investors looking to own in a desirable area.

Multi-Tenant Investment Opportunity

  • Multi-tenant retail and office investment
  • 4.5% – 4.8% cap rate
  • Units available on both floors
  • Steps away from amenities

Details
Status

For Sale

Address

14888 104 Avenue, Surrey,
Canada

Size

± 5,514 - 12,156 SQFT

Type

Office

Price

$3,449,000–$4,650,000

Property Taxes

$22,310.48 / $46,640.19

PID

016-337-972 / 016-337-981

Zoning

C-35

Legal Description

STRATA LOT 124, BLOCK 5N, PLAN NWS3308, SECTION 29, RANGE 1W, NEW WESTMINSTER LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 / STRATA LOT 125, BLOCK 5N, PLAN NWS3308, SECTION 29, RANGE 1W, NEW WESTMINSTER LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1


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Chris van Vliet
Chris van Vliet

Personal Real Estate Corporation

Team Leader - Fraser Valley Office

Stephen Gammer, CCIM
Stephen Gammer, CCIM

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.