Space

1,250

Square Feet

About Unit A

Ground floor Retails unit with aircon. Recently refurbished inside and outside. Situated in Historic Downtown Abbotsford on Trendy Montrose Ave.

  • Est. Monthly Rent: $2,395
  • Floor: 1
  • Size 1,250 SF
  • Frontage 20 ft
  • Type Retail (Street front)
  • Gross Rent $23.00/SF
  • Base Rent $16.00/SF
  • Additional Rent $7.00/SF
  • Lease Direct
  • Availability Now
  • Last Updated Sep 12, 2014
  • Verified On Apr 11, 2014
  • Source Rob

About Investor alert: 2 Unit Retail Building

Fully leased Attractive 2 Unit Commercial Building offers excellent investment opportunity with a 6.4% cap rate. Total of 2500sq ft includes 2 units of 1250 sq ft each. Both units currently leased with 3 year terms. Both the tenants have option to renew at end of term. Interior / exterior recently completely updated. New Heritage style facade makes it one of the most attractive in downtown core. Updates include: new HVAC , plumbing, electrical & roof. Full length display windows. Suits retail, or professional services In Historic Downtown Abbotsford in trendy Montrose Avenue. Building has high visibility in a high traffic street. Vehicle traffic close to 6000 per day. On busy bus route. Area has been undergoing revitalization for several years nowhome to many popular businesses incl. great restaurants, salons, specialty stores, professional offices & financial institutions. Solid investment for an investor looking for a good return in a growing area with great potential.

  • Heritage
  • Highway access
  • Transit friendly
  • Property Type Retail
  • Zoning C7
  • Status Existing
  • Sale Price $679,000
  • Net Operating Income $0
  • Total Available Space 2,500 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 2,500 SF
  • Year Built 1955
  • Year Renovated 2004
  • Managed By Owner
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