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Three-year-old retail centre delivers value in Surrey

Fully tenanted with triple-net leases, asset offers steady income
Ridge Centre, at 13190 58A Avenue in Surrey's Panorama neighbourhood, sold May 6 for $9.6 million.

DEAL | Ridge Centre, a three-year-old retail asset at 13190 58A Avenue, Surrey, sold May 6 for $9.6 million. The fully leased retail centre with multiple tenants at a key intersection in the Panorama neighbourhood of Surrey offers has an assessed value of $11.7 million. With triple-net leases in place, Colliers described the listing as “a carefree asset.”

PRICE | $9,600,000

FROM | Morgan Iannone and Casey Weeks, Colliers Canada