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33775 Essendene Ave
Abbotsford, BC V2S 2H1
Retail Property For Sale
Investment Highlights
- Natural light exposure
- Retail amenities nearby
- High exposure location
- Heavy daytime foot traffic area
- Access to public transit
- Suited for retail/professional service uses
Executive Summary
This is a rare chance to purchase 2 neighboring buildings located on busy Essendene Avenue that are fully occupied with long term leases and solid tenants. Building has recently had their exterior updated to reflect the ADBA requirements and in the alley behind and also have had beautiful murals painted by local artists which is becoming a trending theme amongst property Owners.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
13,812 SF
Building Class
C
Year Built
1950
Price
$3,988,571 USD
Price Per SF
$288.78 USD
Cap Rate
4.50%
NOI
$179,486 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.88
Lot Size
0.11 AC
Zoning
C7 - Historic Downtown Commercial Zone
Amenities
- Bus Line
1 of 5
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