New property listed in Central Abbotsford, Abbotsford
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!!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.