Industrial Investment Opportunity
8308 129th Street, Surrey
This offering represents an opportunity to acquire a 22,034 SF industrial building improved on 2 acres in Surrey’s well-established West Newton industrial node. With 24% site coverage, the property features close to 20,000 SF of sought-after yard storage area at the south portion of the lot. This offering is ideal for investors seeking stable cash flow from an established long-term tenant or for owner-users looking to acquire for future use.
- 1995 concrete tilt-up construction
- 24% site coverage
- Approximately 24’ ceilings in the warehouse
- Fully sprinklered
- Two (2) dock doors
- Two (2) grade doors
- Covered dock area with leveler
- One (1) DEMAG Crane
- 600 volts, 400 amps, 3-phase electrical service (purchase to verify)
- Air-conditioned office areas
- Twenty-six (26) on-site parking stalls
- Street parking available
- Approximately 20,000 SF yard area at the south portion of the property
- Potential building expansion
The subject is centrally located in the highly sought-after industrial area of West Newton, just east of the 128th street corridor. Its proximity to key transportation routes such as the South Fraser Perimeter Road (Highway 17), King George Boulevard and Highway 10 provides expedient access throughout the Metro Vancouver region.
This area features a mix of commercial and industrial uses, with a high concentration of these businesses focused on the local construction industry. It is also well-serviced by transit and provides excellent access to a large labour pool located in nearby neighbourhoods.
Tenancy & Income
The subject property has been tenanted by the Emco Corporation since 2002 with two five-year options to renew. The current lease produces a net annual rent of $225,848.50 that expires on May 31, 2022.
|No. units||Average size||Average rent|
|Warehouse Area||Average size19,382 SF|
|Main Floor Office Area||Average size1,326 SF|
|Second Floor Office Area||Average size1,326 SF|
|Financing||Treat as clear title.|
Contact listing agent for more information. Co-listed with Cushman & Wakefield.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.