CAP Rate over 6% on Acquisition Price!
Three (3) consecutive commercial strata - all tenanted providing high net rent. Easy to manage!
*Tenant Ranger Wheelchairs has been in business for past 30 years and it has been a Tenant in Unit #15 & 16 since 1994 and in Unit #17 since 2005. Current Term Expiring August 2018 plus Option to renew for 4 years.
*Best CAP Rate & Best Priced IL Warehouse Units in Surrey. Well managed Strata Industrial Park on busy 64 Ave. *Total combined ground floor: 6,090 sq. ft.; upstairs office: 400 sq. ft., Mezzanine: 1,000 sq. ft. and caretaker suite Unit #17: 1,000 sq. ft. Total combined size: +/- 8,100 sq. ft.
*PARKING: Total 9 with 1 Stall in front of each unit and 2 designated stalls per unit. *STRATA FEES: $690/month total for all three units.
The Tenant is a National with the parent company which is International.
*The Tenant Ranger Wheelchairs has been in business for past 30-Years and it has been a Tenant in Unit#15 & 16 since 1994 and in Unit#17 since 2005.
If you're looking for an investment property or development property, please call 604.671.0700.