Surrey office complex sells at $1.4M over assessed value

Two-building complex sells within four months, fetches $9.6 million

By
for Western Investor
December 23, 2019





DD Surrey office two-building complex 5660-5668 192nd St

A two-building office complex in Surrey sold in 16 weeks, and at price more than $1.4 million above its assessed value.

Breakdown:

Property type: Office complex

Location: 5660 and 5688 192 Street, Surrey

Property size: 29,149 square feet total

Land size: 1.5 acres

Zoning: CD and CHI

BC Assessment value: $8.14 million

Sale price: $9.6 million

Date of sale: November 28, 2019

Brokerage: NAI Commercial, Vancouver

Brokers: Sam Nakhleh, Brian Mackenzie


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