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Heritage Point 33386 S Fraser Way 14,410 SF 100% Leased Retail Building Abbotsford, BC V2S 2B5 $4,479,644 USD ($310.87 USD/SF) 4.05% Cap Rate
EXECUTIVE SUMMARY
A rare chance to acquire a highly visible and versatile commercial asset in one of Abbotsford’s busiest corridors. 14,410 SF impeccably maintained 2-storey building with 1 level
parkade on 0.42 acres of prominent future development land. Multi-tenant income with immediate cash flow and longer-term upside potential in renewals. Unbeatable Exposure – High traffic corridor with excellent visibility. Zoning Flexibility – C5 allows a broad range of commercial uses. Strategic Growth Area – 5 Minutes from Hwy 1, minutes to
downtown Abbotsford, and easy access to multiple retail hubs. Affluent Demographics – Avg. household income exceeds $100,000 within surrounding 5 km. 33376 South Fraser Way is For Sale in conjunction with 33386 South Fraser Way, which guarantees access. If preferred, Owners are willing to discuss registering a cross-access easement. This property offers strong holding income with multiple strong leases in place with A+ tenant profiles. Roof replaced in 2018, with significant renovations completed inside over the past years, to upgrade the boardrooms, offices, kitchens and more. Class A quality.
The long-term redevelopment upside makes this an ideal asset for investors seeking stable returns, maximum exposure, accessibility, and growth potential. Perfect for investors seeking immediate returns and a quality asset for the portfolio.
Call now to book your private tour!
parkade on 0.42 acres of prominent future development land. Multi-tenant income with immediate cash flow and longer-term upside potential in renewals. Unbeatable Exposure – High traffic corridor with excellent visibility. Zoning Flexibility – C5 allows a broad range of commercial uses. Strategic Growth Area – 5 Minutes from Hwy 1, minutes to
downtown Abbotsford, and easy access to multiple retail hubs. Affluent Demographics – Avg. household income exceeds $100,000 within surrounding 5 km. 33376 South Fraser Way is For Sale in conjunction with 33386 South Fraser Way, which guarantees access. If preferred, Owners are willing to discuss registering a cross-access easement. This property offers strong holding income with multiple strong leases in place with A+ tenant profiles. Roof replaced in 2018, with significant renovations completed inside over the past years, to upgrade the boardrooms, offices, kitchens and more. Class A quality.
The long-term redevelopment upside makes this an ideal asset for investors seeking stable returns, maximum exposure, accessibility, and growth potential. Perfect for investors seeking immediate returns and a quality asset for the portfolio.
Call now to book your private tour!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,410 SF
Year Built
1976
Price
$4,479,644 USD
Price Per SF
$310.87 USD
Cap Rate
4.05%
NOI
$181,336 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.42 AC
Zoning
C5 - City Centre Commercial Zone. Permitted Uses include Animal Hospital. Child Care Centre. Coffee Shops. Drive through restaurant. Liquor Store. Office.
Parking
45 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
72’ on South Fraser Way
AMENITIES
- Bus Line
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
1 of 39
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Heritage Point | 33386 S Fraser Way
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