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