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Nick WestlakeIndustrial Properties
[email protected] 662 5115
Bruce RichardsonIndustrial Properties
[email protected] 662 5127
Maureen Mounzer Industrial Properties
[email protected] 669 1466
BELOW MARKET RENTS
TWO TENANT CAREFREE FACILITY
TWO BUILDINGS TOTALLING 29,432 SF ON 1.32 ACRES
CBRE is pleased to present a rare opportunity to acquire a fully leased multi-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.
FOR SALEFULLY LEASED INVESTMENT OPPORTUNITY
20702-20750 62ND AVENUE | LANGLEY, BC
CONTACT
LANGLEY BYPASS
MUFFORD CRESCENT
62 AVENUE
COLLECTION DRIVE
GLOVER ROAD
DUNCAN WAY
204 STREET
WILLOWBROOK CONNECTOR
BMW
INFINITI
AUDI
LAND ROVER
PORSCHE
MERCEDES-BENZ
TOYOTA
LEGAL DESCRIPTION
Lot 105, District Lot 308, Group 2, New Westminster District Plan 47485
PID 006-199-429
BUILDING SIZE
20702 62nd Avenue 9,912 sq. ft. (LEASED)20750 62nd Avenue 19,520 sq. ft. (LEASED)
TOTAL BUILDING 29,432 sq. ft.
SITE SIZE 1.32 acres
ZONING C2 Service Commercial
PROPERTY TAXES $79,044.24 (2018)
CURRENT NET INCOME
$290,640.00 per annum (with increases)* Please contact agent for rent roll
SALE PRICE $7,595,000
20702 20750
62ND AVENUE
COSTCO
WALMART
HOME DEPOT
BU
ILD
ING
FE
AT
UR
ES • 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
DETAILS
FULLY LEASED INVESTMENTOPPORTUNITY
APPLIANCES FABRICPAINT
CARPET & TILE
• ARTIST RENDERING FOR FUTURE MULTI-TENANT USE
LANGLEY BYPASS
62 ND AVENUE
MUFFORD CRESCENT OVERPASS
BMW
PORSCHE
MERCEDES-BENZ
LO
CA
TIO
N 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.
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.
CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC
Nick [email protected] 662 5115
Bruce [email protected] 662 5127
Maureen Mounzer [email protected] 669 1466
20702-20750 62ND AVENUELANGLEY, BC
62ND AVENUE
90’
110’
YARD AREA
113’
171’
254’
G G G
G GG
G
G
LAND ROVERAUDI
INFINITI
