Brand New Medical Office Building Investment Property

Office for Sale
Catylist Listing ID: 30279401
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 5,600 SF
Gross Building Area: See Agent
Gross Land Area: 7,200 SF
Sale Price: $3,500,000
Unit Price: $625 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class AAA
Sale Terms: Undisclosed
Cap Rate: 3.69%
Average Occupancy Rate: 100
Last Updated: 9/9/2018

Overview / Comments

The subject property is located in the new Health & Technology District in Surrey City Centre, across from Surrey Memorial Hospital and BC Cancer Agency.

A free standing 3 level building with approximately 5,600 sqft. of space. 8 parking stalls dedicated at the rear of the building exclusively for customers/patients and an elevator.

Less than a six minute walk to King George Skytrain Station the building is located directly across the street from the 450,000 sqft. CC1 medical and professional three phase development. CC1 was completed in 2014 and is compromised of 180,000 sqft. Over 11 storeys of office space and ground floor retail.

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Attachments & Media

Current Tenants

Tenant Business Name CBI Limited
Website URL
Is Renting? Yes
Escalations contact broker
Tenant Notes The Tenant known as CBI Health Group is the largest provider of community healthcare services in Canada. Offering physiotherapy, occupational therapy, exercise and behavioural therapies, as well as physician, chiropractic, vocational, nursing, speech, massage and home health services. Over 20 locations across Canada. More information can be found at Signed to a 10 year term with escalating net rent.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 009-708-197
Property Located Between: Directly across the Street from Surrey Memorial Hospital
Property Visibility: Excellent
Year Built: 2018
Parking Ratio: 8 (per 1000 SF)
Parking Description: 8 dedicated parking stalls at the rear of the building
Total Parking Spaces: 8
Passenger Elevators: 1


Photograph of Listing Agent

Lino A. DeMarchi

RE/MAX Commercial Advantage Commercial First Member
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