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South Surrey strip mall on .58 acres trades over ask at $5.3 million

A potential development site, the four-unit King George Plaza retail strip of 6,900 square feet sold for $100,000 above its list price.
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Macdonald Commercial, Vancouver, for Western Investor

Property type: Retail

Location: 2336 King George Highway, Surrey, B.C.

Number of units: 4

Property size: 6,900 square feet

Land size: 25,500 square feet

Land size in acres: .58 acres

Zoning: CHI (Highway commercial industrial)

List price:$5.2 million

Sale price: $5.3 million

Capitalization rate: 3 per cent

Brokerage: Macdonald Commercial Realty, Vancouver.

Broker: Dean Bauman and Razi Mohamed.