A freestanding industrial strata property in Surrey’s Newton neighbourhood has sold for $1.09 million, Lee & Associates tells Western Investor.
The 4,725-square-foot strata unit was built in 1981 and includes both private office and reception space. The building features 16-foot ceilings and has zoning for light industrial uses. Strata fees on the unit are an estimated $499.47 per month.
The property is located at #12-13550 77th Ave., Surrey.
Breakdown:
Price: $1,095,000
Property Size: 4,725 SF
Property Type: Industrial
Zoning: IL
2017 B.C. Assessment Value: $817,000
Date of Sale: 11/17/2017
City: Surrey
Province: B.C.
Name of Brokerage: Lee & Associates Vancouver
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