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33775 Essendene Ave 8,699 SF 100% Leased Retail Building Abbotsford, BC V2S 2H1 $5,500,000 CAD ($632.26 CAD/SF) 4.50% Cap Rate
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
8,699 SF
Building Class
C
Year Built
1950
Price
$5,500,000 CAD
Price Per SF
$632.26 CAD
Cap Rate
4.50%
NOI
$247,500 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.82
Lot Size
0.11 AC
Zoning
C7 - Historic Downtown Commercial Zone
Amenities
- Bus Line
Walk Score®
Very Walkable (89)
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
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33775 Essendene Ave
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