12303 King George Blvd
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12303 King George Blvd
27,236 SF Vacant Industrial Building Surrey, BC V3V 3K2 $9,000,000 CAD ($330 CAD/SF)
Investment Highlights
- Rare industrial facility in close proximity to Highway 1A and Highway 17 (offered at $330/sf GBA)
- End user and investor opportunity with flexible short-term tenancies in place.
- Clean Phase II environmental report - June 10, 2024
- Steps away from the Scott Road SkyTrain Station and major transit hubs
- Noteworthy Highway 1A exposure with high daily traffic counts
- Flexible IL light industrial zoning allowing a wide range of future potential uses
Executive Summary
Further price reduction to $330/sf GBA. Exceptionally located 27,236 SF warehouse situated on 0.96 acres in Bridgeview, Surrey in close proximity to major thoroughfares such as Highway 17, Highway 1A and Highway 1. The property is steps away from the Pattullo Bridge and the Scott Road Transit SkyTrain Station, providing convenient transit options.
The improvements include a 27,236 SF concrete block warehouse built in 1987, comprised of 5 units that can be retrofitted into 2 individual units to accommodate various tenant profiles and end-user applications. Each space is separately metered with 600a/3 phase power and 20’ clear ceiling heights. There are 7 loading doors (ranging from 16’ to 12’ in height) accessed with two points of ingress and egress.
The zoning allows for a wide variety of uses, including but not limited to transport, automotive, recycling, vehicle storage, equipment rentals, trade schools, warehouse and distribution, manufacturing and self-storage. Clean Phase II Environmental Report completed June 10, 2024.
Please inquire for more details about this rarely available opportunity in the rapidly evolving Bridgeview submarket.
The improvements include a 27,236 SF concrete block warehouse built in 1987, comprised of 5 units that can be retrofitted into 2 individual units to accommodate various tenant profiles and end-user applications. Each space is separately metered with 600a/3 phase power and 20’ clear ceiling heights. There are 7 loading doors (ranging from 16’ to 12’ in height) accessed with two points of ingress and egress.
The zoning allows for a wide variety of uses, including but not limited to transport, automotive, recycling, vehicle storage, equipment rentals, trade schools, warehouse and distribution, manufacturing and self-storage. Clean Phase II Environmental Report completed June 10, 2024.
Please inquire for more details about this rarely available opportunity in the rapidly evolving Bridgeview submarket.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$540,000
|
$19.83
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $540,000 |
| Annual Per SF | $19.83 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Mezzanine
- Signage
- Yard
- Storage Space
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- 2000 Auto Collision Express and Glass
- -
- -
- -
- -
- Fix Auto
- -
- -
- -
- -
- M-A Autobody & Collision
- Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| 2000 Auto Collision Express and Glass | - | - | - | - | ||
| Fix Auto | - | - | - | - | ||
| M-A Autobody & Collision | Services | - | - | - |
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Transit Score ®
Excellent Transit (79)
zoning
| Zoning Code | IL (Zoning: IL (Light Industrial Zone) OCP: Industrial 500m from Scott Road Skytrain Station (Future Potential TOD Considerations)) |
| IL (Zoning: IL (Light Industrial Zone) OCP: Industrial 500m from Scott Road Skytrain Station (Future Potential TOD Considerations)) |
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12303 King George Blvd
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