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For Sale · Retail

3208 140 STREET, Surrey

3208 140 STREET, Surrey, BC V4P2A8

$4M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

98%

About this property

Claire Group is pleased to present a unique investment opportunity to acquire a 0.95-acre corner parcel improved with two freestanding buildings. The main building features approximately 4,000 sq. ft. on the main floor and approximately 1,500 sq. ft. in the basement, while the second building offers approximately 1,000 sq. ft. The second building needs extensive renovations. Situated at the corner of 140 Street and 32 Avenue, the property offers convenient access to Highway 99 and King George Boulevard. Currently occupied by Bell's Café, the site is available for vacant possession and includes approximately 16,000 sq. ft. of vacant land that may support an additional building. Buyers should consult the City of Surrey to verify permitted uses and explore development or redevelopment potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$4.00M
Down payment30% · $1.20M
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$269K

Annual cash flow

$47K

Cash-on-cash

3.94%

DSCR

1.21

Going-in cap

6.72%

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

133,654

Households

51,768

Median income

$66,000

Median age

39.6

Daytime population

203,912

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 3208 140 STREET, 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.