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16467 16th Avenue, Surrey, BC (the “Subject Property”) is located in South Surrey, along the Highway 99 Corridor. The City of Surrey Official Community Plan (the “OCP”) has a strong business development focus, and includes policies to create a vibrant and sustainable local economy. The Highway 99 Corridor offers many opportunities for business development, having the ability to achieve the City of Surrey’s OCP economic development targets. The Subject Property has excellent regional accessibility and highway exposure presented by Highway 99 and 16 Avenue, providing good opportunities for commercial, retail, office, light industrial and related business development. Well established and high growing residential neighbourhoods surround the Subject Property, providing an excellent local market for business. Located adjacent to the Subject Property, Grandview Heights is a thriving and up and coming neighbourhood in South Surrey. With 2 out of 5 neighbourhood concept plans approved, Grandview Heights has seen a rise in residential and commercial development in the area and will continue to see an increase in growth in the future. Upon total build out, Grandview Heights is anticipated to have a total population of 32,000 people while the Highway 99 Corridor Plan under the City’s OCP is expected to create over 6,000 new jobs. The highway 99 Interchange directly connects the west (South Surrey/White Rock) with an existing and matured residential and employment population. population directly west and now connected by the new Highway 99 interchange.