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Lee & Associates Completes the Sale of a 30,981 SF Multi-Tenant Retail Building in Surrey

SURREY, BC – Lee & Associates Vancouver has negotiated the sale of Hyland Creek Mall, a multi-tenant retail property with 417 feet of prime frontage on King George Boulevard in the Newton Town Centre area of Surrey.

Located at 6870–6898 King George Boulevard, the property consists of two lots (62,781 SF and 53,480 SF) with a total site size of 115,261 SF (2.67 acres). The pre-cast concrete building is approximately 30,981 square feet; there are currently 12 units of ground floor rentable area. There are also 114 above-ground parking stalls on site.

Highlights
  • Upside retail opportunity
  • Proforma income $517,000
  • Below market lease rates
  • Redevelopment potential

Tony Capolongo successfully completed this transaction on behalf of the Seller.

ABOUT LEE & ASSOCIATES VANCOUVER

Lee & Associates Vancouver provides full-service commercial and industrial real estate services tailored to meet all our clients’ needs. We have proudly served the Metro Vancouver market for over 50 years under the banners Town Group Realty, J.J. Barnicke, DTZ, and now Lee & Associates—the largest broker-owned firm in North America with over 60 offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates Vancouver, visit leevancouver.com or follow us on LinkedIn, Facebook, and Twitter.