Peninsula Crossing, South Surrey

SOLD: Colliers is pleased to present Peninsula Crossing, a retail strip centre located at 2370-2390 152nd Street in South Surrey. The asking price is $3,300,000, representing a 5.0% cap rate.

Highlights:

  • Prime South Surrey retail investment opportunity
  • 6,455 SF corner retail centre anchored by 7-Eleven
  • Significant holding income with rental rate upside
  • Popular, high-traffic, high exposure, corner location
  • Secure long-term retail asset in rapidly growing residential area
  • The lot size is 22,508 sq ft
  • 2012 Net Operating Income: $166,168

Please contact Simon Lim or David Taylor for further information.