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New property listed in White Rock

I have listed a new property at 15261 Russell AVE in White Rock.

Approx. 15,000 Sq. Ft. leasable area, three storey office building on 22,495 Sq. Ft. Site.

The Propertyis located within the most prosperous commercial area in White Rock Downtown. The There is great traffic and pedestrian exposure. The building is facing to the south, it has major renovation in 2010. The property has 30 surface parking stalls.

Current net annual income is $250,000. Site is under CR-2, has potential to build a second 6 storey or same height building with underground parking. Current FSR is 1.75.

An excellent property either for holding or for future developing.

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