For Sale · Office

111 & 211 15272 CROYDON DRIVE, Surrey

111 & 211 15272 CROYDON DRIVE, Surrey, BC V3Z0Z5

$1.6M total

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

94%

About this property

An exceptional opportunity to acquire a two-storey strata unit in the thriving Southpoint Business Centre. It is perfectly suited for an investor seeking stable rental income or an owner-user looking for a strategic business location. The unit is move-in ready and features professionally improved spacious office spaces on two levels. The upper level is currently leased on a month to month basis for $4,000 + GST per month. The combined strata area is 2,743 sf. with 1,723 sf. on the ground level and 1,020 sf. on the upper level. Units #111 and #211 are available individually or as a package. Contact us for pricing details. The property offers immediate and easy access to Highway 99, providing seamless connections to Delta, Langley, White Rock, Vancouver, and the US border. This is a premier opportunity to secure a valuable asset in one of South Surrey's most sought-after commercial districts. Do not miss out. Call for a full information package and to schedule a viewing! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.55M
Down payment30% · $465K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$106K

Annual cash flow

$20K

Cash-on-cash

4.38%

DSCR

1.24

Going-in cap

6.85%

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

119,283

Households

41,681

Median income

$93,500

Median age

45.3

Daytime population

182,580

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 111 & 211 15272 CROYDON DRIVE, 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.