64th & Scott Rd., Surrey, B.C.
Offered for sale by:
NCL Real Estate Management Ltd.
Suite #220 - 3771 Jacombs Road
Richmond, B.C. V6V 2L9
Tel: (604) 231-9050 Fax: (604) 278-9535
Email: ncl@direct.ca
An overview
A unique neighborhood shopping plaza:
| Developer: |
NCL Real Estate
Management ltd. |
| Owner: |
Richmond Savings
Credit Union |
| Designer: |
Tielker Sim
Harrison Weller Architects |
Location
This 55,000 square foot commercial development anchored by Richmond
Savings Credit Union wraps around the corner of 64th Avenue and
Scott Road in the Sunshine Hills area of Surrey/Delta. The site
has excellent exposure to traffic flowing along 64th avenue, a major
connector into Surrey and Delta from the Alex Fraser bridge. Scott
Road is the north/south thoroughfare which divides Delta and Surrey.
Trade area
The population of surrey is currently over 235,000 and one of the
fastest growing in the province. The site is surrounded by executive
residential subdivisions such as Sunshine Hills, sunshine woods,
boundary park and panorama ridge. Average household income in the
trade area is over $66,000.00 a year. The tenants include high quality
neighborhood retailers committed to servicing the affluent local
market.
Tenants
Tenants include Richmond Savings, McDonalds, Jumbo Video, Roosters
'69, Great Clips, Natural Focus, Cravings dessert and cappuccino
bar, BC Tel Mobility, a Medical clinic, Dental office and Orthodontist.
Parking
The site is well parked with 224 stalls allow for exceptional leasing
flexibility and places the tenants at the centre in an advantageous
position of having abundant convenient parking at their front door.
Alternatively, the parking ratio may allow for additional development
in the future.
Building features include a very flexible design having depth
of 50’ at mid span and 63’ at end caps that allow for a wide range
of tenant subdivision. The end cap units are wrapped in glass store
front giving optimal visibility to the tenants as well as an inviting
feel to the centre. The majority of store fronts are covered by
a very tasteful glass awning to provide customers protection from
West Coast weather. The buildings feature fascia mounted and back
lit "lanterns" that are intended to set out the building from the
very busy Scott Road competition.
Gross leasable area - 54,310 square feet
Unit sizes from 369 - 6,088 square feet
Rental rates
Range from $17.00 to $35.00 per square foot (net)
Income
$1,129,157.00 - 1997 (with pre-scheduled increases annually)
List price
$11,750,000.00
Financing
Treat as clear title
E & OE
