Clubhouse at Surrey Golf Club.
“Profitable” Surrey Golf Course sold for $15 million
NAI Commercial of Vancouver has sold the Surrey Golf Club on 168th Street, Surrey, for $15 million to an unnamed investor.
Business in Vancouver rated Surrey Golf Club as the busiest public golf course in Metro Vancouver for 2007-2013, with the most rounds played. The club has been in operation since 1971. “It’s a profitable business,” said NAI senior associate J.D. Murray.
The 27-hole course totals 163 acres, and is zoned for golf course and other various ancillary uses. The sale includes the 10,000-square-foot clubhouse with an 80-seat lounge, 150-seat banquet room, pro shop, and administration offices. In addition, a maintenance building, all equipment and inventory were included in the sale.
From: JLL Specialized Assets, Vancouver. JLL agents Allan Johnston and Mark Lester report the following sale.
Deal: 360-acre oceanfront Wyndansea property, Ucluelet, Vancouver Island. Sold in court-ordered sale to Onni Group, Vancouver. Price (estimated/undisclosed): $7.95 million.
From: CBRE National Apartment Group, Vancouver. CBRE senior vice president Lance Coulson sold the following.
Deal: 27-suite rental apartment building on Burnaby Street in Vancouver’s West End. Price: $7.3 million.
From: CBRE National Apartment Group, Edmonton. CBRE senior vice-president Bradley Gingerich reports the following sale:
Deal: 3.73-acre mixed-use residential development site, Erin Ridge lands, St. Albert. Price: $3.26 million.
From: Frontline Real Estate Services, Langley. Frontline agent Garth White and buyer agent Rob Blair of Re/Max Treeland Realty sold the following:
Deal: 16,200-square-foot industrial building, Telegraph Trail, Langley. Price: $2.25 million.
Frontline agent Garth White and seller agent Bill Hobbs of Cushman & Wakefield Ltd. sold the following:
Deal: 3.9-acres of industrial land, 21st Avenue, Surrey. Price: $3.45 million.
From: London Pacific Property Agents Inc., Burnaby. London Pacific agents Ben Williams and Thomas Trowbridge sold the following:
Deal: Three-lot land assembly, approximately 21,265 square feet for development on West 63 Avenue, Vancouver within the Marpole Community Plan. Price: $5.7 million.
From: JLL National Multi-Residential Investment Team. JLL agents Paul Gemmel, David Parker and Samuel Dean sold the following:
Deal: 86 suite hotel, Alberta Place Hotel, downtown Edmonton, which is to be converted into rental apartments by new owners, Starlight Investments. Price: $15.75 million.
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