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South Surrey retail and office complex sold for $7 million

Peace Arch Business Centre has 22,776 square feet of commercial space and sold for just shy of its asking price
DD-Peace-Arch-Business-Park--2320-King-George

Peace Arch Business Centre, which has 22,776 square feet of retail and office space and is located on the King George corridor, sold for $200K below list at $7 million, reports William Wright Commercial.

Breakdown:

Property type: Commercial building (retail/office)

Location: 2320 King George Boulevard, Surrey

Property size: 22,776 square feet

Land size: 43,600 square feet

Zoning: CHI (Commercial highway)

List price: $7.2 million

Sale price: $7 million 

Sale date: January 30, 2020

Brokerage: William Wright Commercial, Vancouver

Brokers: Cory Wright and Zuber Jamal of Williiam Wright, with listing brokers Dylan Sohi and Mike Grewal of Colliers International