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Surrey 22,034-square-foot industrial property sells for $13.1 million

Located in West Newton, property is zoned light industrial on a 2.4-acre site and provides stable cash flow in a corporate-leased building completed in 1995.
Altus Appraisal - 8308 129th Street
Goodman Commercial Inc., Vancouver, for Western Investor

Property type: Industrial

Location: 8308 129th Street, Surrey, B.C.

Number of tenants: 1

Building size: 22,034 square feet

Land size: 87,120 square feet

Land size in acres: 2 acres

Zoning: Il (light-impact industrial)

Sale price: $13.16 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman, Cynthia Jagger