For Sale · Retail

113 14398 60 AVENUE, Surrey

113 14398 60 AVENUE, Surrey, BC V3X2N5

$2.3M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

87%

About this property

We are thrilled to present Commercial Retail Unit 113 for sale at VIVA, a brand-new mixed-use development, ideally located at 14398 60 Avenue in Surrey's vibrant Sullivan neighborhood. This spacious 1,710 SQFT corner unit features striking glazing on three sides and excellent accessibility, offering two separate entrances via the street and the surface-level parkade. Perfectly equipped for Food Uses, CRU 113 is the only unit in the development with a built-in commercial ventilation shaft, making it the ideal for a restaurant, pizzeria, or quick-service concept. Even better, this unit includes an exclusivity covenant for food and beverage use within the entire development, providing robust operational security. The unit includes 5 dedicated parking stalls, supplemented by a 10-stall surface lot and additional visitor parking. This is a rare opportunity to secure a premium retail space in one of Surrey's fastest-growing communities. Contact us today for more details or to register your interest! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$114K

Annual cash flow

$-14K

Cash-on-cash

-1.97%

DSCR

0.89

Going-in cap

4.95%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

56,734

Households

23,171

Median income

$123,000

Median age

33.5

Daytime population

51,470

5-yr growth

3.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 113 14398 60 AVENUE, Surrey.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.