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Sevenoaks Shopping Centre 32900 S Fraser Way 47,000 - 112,000 SF of 4-Star Retail Space Available in Abbotsford, BC V2S 5A1
HIGHLIGHTS
- The property is situated in Abbotsford, the hub of the entire "eastern Fraser Valley."
- This is a rare opportunity for large retailers to enter or expand within the market.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 47,000 SF | 10 Years | $9.36 USD/SF/YR $0.78 USD/SF/MO $440,043 USD/YR $36,670 USD/MO | Triple Net (NNN) | ||
| 2nd Floor | 65,000 SF | 10 Years | $9.36 USD/SF/YR $0.78 USD/SF/MO $608,570 USD/YR $50,714 USD/MO | Triple Net (NNN) |
1st Floor
This former Sears space is suitable for a wide variety of large-footprint retail needs. Space features 2 shared docks plus a large truck loading platform. An escalator connects the two floors.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 112,000 SF of adjacent space
- Large entrance vestibule shared with Ardene’s.
- Finished space with open floorplan.
- Ceiling-12’ clear to T-bar and 13’ to mechanical.
2nd Floor
This former Sears space is suitable for a wide variety of large-footprint retail needs. An escalator connects the two floors.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 112,000 SF of adjacent space
- Large east facing entrance
- Walkway to 3 level parkade
- Additional elevator access
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 112,000 SF | Total Land Area | 35.00 AC |
| Property Type | Retail | Year Built/Renovated | 1974/2000 |
| Property Subtype | Storefront | Parking Ratio | 4.61/1,000 SF |
| Gross Leasable Area | 567,570 SF |
| Total Space Available | 112,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 567,570 SF |
| Total Land Area | 35.00 AC |
| Year Built/Renovated | 1974/2000 |
| Parking Ratio | 4.61/1,000 SF |
ABOUT THE PROPERTY
Sevenoaks Shopping Centre is a well-situated property featuring an excellent mix of local and national brand tenants. This regional mall is located in the heart of Abbotsford, a major suburban city with a trade area population of over 350,000 people.
- Bus Line
- Food Court
- Enclosed Mall
NEARBY MAJOR RETAILERS
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Sevenoaks Shopping Centre | 32900 S Fraser Way
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