19026 28th Avenue, Surrey

Industrial for Sale
Catylist Listing ID: 30613816
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 29,172 SF
Gross Building Area: See Agent
Gross Land Area: 1.40 Acres
Sale Price: $9,700,000
Unit Price: $332.51 PSF
Ceiling: 26 ft.
Docks/Doors: 4 Docks, 5 Doors
Office SF: 4,467 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN)
Building Name: Mechanix Wear
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

• Quality concrete tilt-up construction by Beedie Group (2008)
• Corner property
• ESFR sprinkler system
• High-efficiency fluorescent lighting
• Forced air gas warehouse heaters
• EPDM roof
• Multiple washrooms
• Heavy 3-phase electrical service
• 26’ ceilings in warehouse
• Four (4) dock level doors with dock levelers
• One (1) grade door
• HVAC system in office areas
• Twenty-Seven (27) parking stalls on site
• Available street parking

Current Tenants

Tenant Business Name Mechanix Wear
Is Renting? Yes
Tenant Notes Parent company is Gryphon Investors: https://www.gryphon-inv.com/portfolio/.

Additional Details

Taxing Authority: Surrey
Parcel ID: 026-288-907
Zoning: Undisclosed
Area Description: The subject property is located on the southeast corner of 28th Avenue & 190th Street. The US border crossing at Highway 15 is approximately 10 minutes south. Major arterial routes such as Highway 15, Highway 99 and King George Boulevard are accessible via 32nd Avenue and 192nd Street can offer access to Highway 10 and the TransCanada Highway. Within short walking distance at 192nd Street to the east, there is Campbell Station offering a number of restaurant choices and other retail services.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Typical SF / Floor: 27,447 SF
Property Condition: Excellent
Year Built: 2008
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Total Parking Spaces: 27
Sprinklers: Wet
X-Phase: 3
Heat Type: Natural Gas, Space Heaters
Heat Source: Heat Pump
Air Conditioning: Engineered System
Lighting: Fluorescent
Zoning Description: IB-1 (Business Park 1 Zone) zoning allows a wide range of light impact industrial uses with focus on high technology industry, research and development, warehouse, manufacturing, some office uses and accessory retail uses. A copy of the zoning bylaws are available from the designated listing agents.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 1 Section 21 Township 7 New Westminster District Plan BCP17694

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Photograph of Listing Agent

Kevin J Volz

Personal Real Estate Corporation
Cushman & Wakefield Commercial First Member
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