32490 Simon Av - Industrial FOR SALE


Abbotsford, BC V2T 4J2
$6,800,000 CAD
604-675-5236
32490 Simon Av, Abbotsford, BC for Sale
$6,800,000 CAD
Industrial - FOR SALE
1/1
null | 2.49% Cap Rate

32490 Simon Av
Abbotsford, BC V2T 4J2


HIGHLIGHTS

  • Rare 1.35-acre multifamily development opportunity in the heart of Abbotsford.
  • Prime central location one block north of South Fraser Way, the city’s main traffic corridor.
  • Surrounded by key amenities, including major retail, parks, recreation facilities, and Mill Lake.
  • Strong development upside with City Centre Neighborhood Plan zoning allowing up to 2.75 FSR plus potential density bonus up to an additional 2.25 FSR.

OVERVIEW

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 32490 Simon Avenue, Abbotsford, B.C. (the “Subject Site”). The Subject Site presents a rare opportunity to acquire a 1.35 acre site that lends itself to both multifamily development, and/or an owner/user opportunity with the existing improvements.

FOR SALE DETAILS

PRICE

$6,800,000 CAD

PRICE/SF

$436 CAD /SF

CAP RATE

2.49%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35

LAND SF

58,806

ZONING

C4

APN/PARCEL ID

008-360-723

ASK ABOUT THIS PROPERTY

Joey YooMarcus & MillichapMore Info
604-675-5236

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Joey YooMarcus & MillichapMore Info
604-675-5236

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.