JLL is pleased to present an opportunity to acquire a 100% freehold interest in 13369 72nd Avenue, Surrey, a high exposure multi-tenant service & industrial investment asset with strong in place income and potential for near-term rental growth.
The Property consists of a 16-unit, 34,560 SF building situated on a 1.63-acre (70,932 SF) parcel in Surrey’s Newton neighbourhood. This highly functional building offers 20’ ceiling heights in the warehouse and office space on the mezzanine level. Additionally, some units have ground level showroom areas. The Property features 70 parking stalls, 15 grade level loading doors with a front office/rear loading configuration and a gated loading court. The Property offers exceptional visibility with approximately 430 feet of frontage along 72nd Avenue and 160 feet along Comber Way.
Situated in the vibrant Newton neighbourhood of Surrey, the Property occupies a prominent position on the northwest corner of 72nd Avenue and Comber Way. Convenient ingress and egress points from both roadways ensure good access for vehicles, clients, and deliveries. It is ideally suited to the Newton business environment, one of Surrey’s most established and active hubs for small industrial and service operators. The Newton neighbourhood supports a diverse mix of businesses, including construction trades, automotive services, building supply companies, specialty manufacturers, and distributors that cater to the surrounding residential and commercial community. Current IL-Light Impact zoning allows for manufacturing, warehousing, distribution, research facilities, and similar industrial operations with minimal environmental impact and limited heavy machinery.