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32490 Simon Av 15,600 SF 100% Leased Industrial Building Abbotsford, BC V2T 4J2 $4,914,893 USD ($315.06 USD/SF) 2.49% Cap Rate
Investment Highlights
- Rare 1.35-acre multifamily development opportunity in the heart of Abbotsford.
- Surrounded by key amenities, including major retail, parks, recreation facilities, and Mill Lake.
- Prime central location one block north of South Fraser Way, the city’s main traffic corridor.
- Strong development upside with City Centre Neighborhood Plan zoning allowing up to 2.75 FSR plus potential density bonus up to an additional 2.25 FSR.
Executive Summary
The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate
the sale of 32490 Simon Avenue, Abbotsford, B.C. (the “Subject Site”). The Subject Site
presents a rare opportunity to acquire a 1.35 acre site that lends itself to both multifamily
development, and/or an owner/user opportunity with the existing improvements.
the sale of 32490 Simon Avenue, Abbotsford, B.C. (the “Subject Site”). The Subject Site
presents a rare opportunity to acquire a 1.35 acre site that lends itself to both multifamily
development, and/or an owner/user opportunity with the existing improvements.
Property Facts
| Price | $4,914,893 USD | Building Class | C |
| Price Per SF | $315.06 USD | Lot Size | 1.35 AC |
| Sale Type | Investment | Rentable Building Area | 15,600 SF |
| Cap Rate | 2.49% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1970 |
| Zoning | C4 - Commercial | ||
| Price | $4,914,893 USD |
| Price Per SF | $315.06 USD |
| Sale Type | Investment |
| Cap Rate | 2.49% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.35 AC |
| Rentable Building Area | 15,600 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | C4 - Commercial |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
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32490 Simon Av
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