20486 64th Avenue is a fully leased mixed-use retail and office building comprising nearly 40,000 sq. ft. spread over two floors. The property is 100% leased and is home to several-based retail and office tenants which are resistant to the threat of e-commerce. Additionally, CBRE identified a value-add opportunity for income enhancement through leveraging market rental rates, further enhancing the asset’s desirability. Lastly, 20486 64th Avenue is poised to benefit from its proximity to the recently announced extension of the SkyTrain Expo Line into Langley’s City Centre.
CBRE conducted a comprehensive global marketing campaign, which ultimately led to the successful transition of the property to a qualified private buyer.