I have listed a new property at 33723 ESSENDENE AVE in Abbotsford.
Solid 2'x24' beam construction. Property has 2 civic numbers, 33721 and 33723. 33721 is currently leased to a cell phone store with a 5 years lease ending Sept 2025 + a 2 x 3 years renewal option. 33723 is leased to a Game Store, a long time tenant with lease ending June 30th 2020 plus option to renew. 2 units in basement leased to the same Tenant till May 31, 2021. Historic Downtown Commercial Zone (C7) permitted wide range of retail and office uses. Roof was repaired in 2016 with a 15 years warranty. Newer HVAC unit and hot water tank. 2 parking stalls/dock loading through back lane access. Current CAP rate of 3.6%. Condo developments coming to this neighborhood, excellent holding property!!
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