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20702 - 2075062nd AvenueLangley, BC
29,432 SF FULLY LEASED COMMERCIAL / INDUSTRIAL INVESTMENT OPPORTUNITY
For Sale
CBRE Limited is pleased to present a rare opportunity to acquire a fully leased muti-tenant commercial /
industrial facility in the highly sought after luxury auto corridor of Langley City. Highly accessible with great
exposure this offering provides steady long-term income in the rapidly growing City of Langley.
Nick WestlakeSales AssociateIndustrial [email protected] 662 5115
Harry GhagPersonal Real Estate CorporationVice PresidentAdvisory & Transaction [email protected] 662 5112
Maureen Mounzer Senior Sales AssociateAdvisory & Transaction [email protected] 669 1466
ENQUIRIES
LEGAL DESCRIPTIONLot 105, District Lot 308, Group 2, New Westminster District Plan 47485PID: 006-199-429
BUILDING SIZE20702 62nd Avenue 9,912 sq. ft.20750 62nd Avenue 19,520 sq. ft.Total Building Size 29,432 sq. ft.
SITE SIZE1.32 acres
ZONINGC2 Service Commercial
PROPERTY TAXES$53,987.77 (2017)
CURRENT NET INCOME$232,466.00 per annum (with increases year-over-year)
* Please contact agent for rent roll
ASKING PRICE$6,850,000.00
BUILDING FEATURES> 9 grade level loading doors
> 20’ ft. clear ceiling height
> Reinforced concrete slab; concrete block with metal cladding construction
> Exposure and frontage onto Mufford Crescent adjacent to Mufford Overpass
> Generous on-site vehicle parking
> Asphalt paved yard for general vehicle circulation, parking and yard storage
Strong long term tenanCIESGood future upside on incomeTenants have recently renewedProfessionally managed property
LANGLEY BYPASS
LOG
AN
AV
EN
UE
MUFFORD CRES62 AVENUE
COLLECTION DRIVE
GLOVER ROAD
DUN
CAN WAY
204 STREET
WILLOWBROOK CONNECTOR
The property is centrally located in the City of Langley east of 200th Street on 62nd Avenue adjacent to the Mufford Crescent Overpass in close proximity to the Mercedes, BMW and Porsche auto dealerships. The location provides easy and convenient access to all major thoroughfares, including Highway 1, Highway 15 (Pacific Highway), Highway 10, and the Fraser Highway. The Property is in close proximity to the Langley Bypass which is the major commercial and commuter artery in Langley with traffic counts of over 55,000 vehicles per day and is the largest retail node in the Fraser Valley.
20702 - 20750 62ND AVENUE | LANGLEY, BRITISH COLUMBIA
For Sale | investment opportunity
BMW
INFINITI
AUDI
LAND ROVER
PORSCHE
MERCEDES-BENZ
TOYOTA
SUBJECT
location, location, location...
62 AVENUE
MUFFORD CRESCENT OVERPASS
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth. www.cbre.ca
Nick WestlakeSales AssociateIndustrial [email protected] 662 5115
Harry GhagPersonal Real Estate CorporationVice PresidentAdvisory & Transaction [email protected] 662 5112
Maureen Mounzer Senior Sales AssociateAdvisory & Transaction [email protected] 669 1466
ENQUIRIES
29,432 SF fully leasedInvestment Opportunity
For Sale 20702 - 20750 62ND AVELANGLEY, BC
LANGLEY BYPASS
MERCEDES-BENZ
BMW