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Listing REALTOR®
Joey Yoo, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Joey Yoo

REALTOR®, Personal Real Estate Corporation

Marcus & Millichap

Choose a REALTOR®
Listing REALTOR®
Joey Yoo, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Joey Yoo

REALTOR®, Personal Real Estate Corporation

Marcus & Millichap

Office for sale

32525 Simon Avenue, Abbotsford West, Abbotsford

$10,500,000 or
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Office for sale in Abbotsford, Abbotsford, 32525 Simon Avenue, 224983253 | Realtylink.org
Office for sale in Abbotsford, Abbotsford, 32525 Simon Avenue, 224983253 | Realtylink.org Office for sale in Abbotsford, Abbotsford, 32525 Simon Avenue, 224983253 | Realtylink.org
$10,500,000 or

Office for sale

32525 Simon Avenue, Abbotsford West, Abbotsford

consumersite-GeographicArea3.abbotsford

Features

Lifestyle
224983253 10500000 /en/office~for-sale~abbotsford/224983253 /en/office~for-sale~abbotsford/224983253/photos 49.0534900000 -122.3234900000 true
Lot Size
24,829 sqft
Gross Property Tax
$92,436.38 /year
Zoning
C5-CITYCENTRE COMM
91

Description

A rare opportunity to acquire a fully leased, government-anchored office building in the heart of Abbotsford's rapidly transforming City Centre. The Property offers the ability for prospective purchasers to secure premium office space for their own occupancy, collect stable government-backed income, and benefit from significant long- term redevelopment upside under the highest density land use designation in all of Abbotsford. The building is 100% leased to four tenants, anchored by the Government of Canada and the Province of British Columbia, collectively occupying over 80% of the building. Staggered lease expiries over the next two to three years present a user with a clearly defined path to occupying meaningful square footage while enjoying secured holding income throughout. For the investor, these same expiries represent an opportunity to relet at materially higher market rents in a supply-constrained office market, or to capitalize on the property's City Centre Residential land use designation.
MLS® Number C8078184
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Listing REALTOR®

Joey Yoo, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Joey Yoo

REALTOR®, Personal Real Estate Corporation
+1 604-675-5236

Marcus & Millichap

Location

In accordance with our Terms of Use, location data are provided to you “as-is”, without warranty. Any liability arising from location data is expressly excluded.
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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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