604.542.2444

14881 Marine Drive

White Rock, South Surrey White Rock

$3,800,000


Type: Retail


About this Retail

Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value.

Listed by Gammon Property Advisors Corporation.

TypeRetail
Sub TypeRetail

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Photo 1 at 14881 Marine Drive, White Rock, South Surrey White Rock Photo 2 at 14881 Marine Drive, White Rock, South Surrey White Rock

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