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34-35 8528 123 Street

Queen Mary Park Surrey Surrey V3W 3V6

$2,200,000

Industrial

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Status:

Active

Prop. Type:

Industrial

MLS® Num:

C8073762

Build. Type:

Institutional

• Photos (4)

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Situated in the heart of Surrey's rapidly growing industrial area, this property offers exceptional accessibility. Located just off Hwy 91, and near the intersection of Nordel Way and 120th Street, it is surrounded by a diverse mix of retail, service, and industrial developments, reflecting strong demand and ongoing growth in the area. Ideal for small to medium-sized business, it provides approximately 3,049 SF of warehouse space, 1,059 SF of office area, and 1,396 SF mezzanine (total 5,540 SF) - perfect for distribution, light manufacturing, or warehouse operations. An oversized grade loading door enhances logistical efficiency, making it suitable for e-commerce fulfillment, specialty wholesale, or custom light manufacturing ventures. With its convenient accessibility and dynamic neighborhood, this property presents a rare opportunity to establish or expand your business in one of Surrey's most sought-after industrial markets.

General Info:

Sale Type:

Asset

Ownership:

Strata

Property Type:

Industrial

Commercial Type:

Industrial

Construction:

See Remarks

Num Storeys:

2

Building Type:

Institutional, Manufacturing, Warehouse

Home Owners Association:

Yes

Year built:

1990 (Age: 36)

Living Area:

5,504 sq. ft.511 m2

Office Size:

1,059 sq. ft.98.4 m2

Mezzanine Size:

1,396 sq. ft.130 m2

Wrhse Size:

3,049 sq. ft.283 m2

Lot Area:

0 sq. ft.0 m2

Zoning:

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Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Heating:

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Cooling:

Central Air, See Remarks

Electricity:

No

Parcel Number:

017455341

Taxes:

$21,720.45 / 2025

Waterfront (Y/N):

No

Restrictions:

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Other Details:

# Grade Doors:

1

# Loading Doors:

1

Ceiling Height:

17'5.18 m

Water Rights:

No

Roof:

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Env Assmt Phase:

No

Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Association Fee:

$847.35

Other Income:

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Effective Gross Income:

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Net Operating Income:

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Listing Info:

Previous Price:

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Original Price:

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Listed by Macdonald Commercial Real Estate Services Ltd.

Data was last updated March 12, 2026 at 03:35 PM (UTC)

• Jean Seguin
• RE/MAX Real Estate Services
• 7787852135
• sales@vancouvercommercialbrokers.ca

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.

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Industrial, commercial, and institutional (ICI) properties for sale across Vancouver and British Columbia provide opportunities for investors, developers, and owner-users seeking functional real estate assets with long-term value. These properties support logistics, manufacturing, warehousing, education, healthcare, and other essential uses.

Vancouver Business Brokers represents ICI properties throughout Metro Vancouver, the Lower Mainland, and BC, offering professional guidance to buyers and sellers navigating complex commercial real estate transactions.

Types of Industrial, Commercial & Institutional Properties

ICI real estate includes a broad range of property types, such as:

• Industrial warehouses and logistics facilities  
• Manufacturing and production buildings  
• Institutional properties (education, healthcare, civic use)  
• Owner-user commercial facilities  
• Redevelopment and land assembly opportunities  

Each asset type has unique zoning, operational, and valuation considerations.

Buying Industrial & Institutional Real Estate

Buyers evaluating ICI properties should consider factors beyond purchase price, including:

• Zoning and permitted uses  
• Building specifications and functional layout  
• Access to transportation and infrastructure  
• Tenant occupancy or owner-user requirements  
• Long-term redevelopment potential  

Professional representation helps buyers assess feasibility and mitigate risk.

Selling Industrial & Commercial Properties

Selling ICI properties requires market insight, strategic exposure, and access to qualified buyers. Demand varies based on location, functionality, and permitted use.

Working with experienced commercial brokers helps sellers:

• Position assets effectively  
• Reach institutional and private buyers  
• Navigate negotiations and due diligence  
• Close transactions efficiently 

ICI Markets Across British Columbia

Demand for industrial and institutional properties remains strong in core urban markets, while regional markets may offer opportunities for value-oriented investors.

Understanding regional supply, zoning, and infrastructure development is essential when evaluating pricing and strategy.

Next Steps

If you are considering buying or selling industrial, commercial, or institutional property in Vancouver or British Columbia, professional guidance can help you move forward with confidence.

Frequently Asked Questions

What qualifies as an industrial or institutional property?

Industrial and institutional properties include warehouses, manufacturing facilities, and buildings used for education, healthcare, or civic purposes.

Are industrial properties good investments?

Industrial properties can offer strong demand and long-term value depending on location, zoning, and functionality.

Do you represent ICI properties outside Vancouver?

Yes. We represent industrial, commercial, and institutional properties across British Columbia.

What should buyers review before purchasing?

Buyers should review zoning, building conditions, permitted uses, and local market conditions.