for sale - investment property€¦ · property summary charles d. wiebe, cips, e. tech prec -...

FOR SALE -INVESTMENTPROPERTY

LIST PRICE: $1,950,000

ENVIRONMENTAL: PHASE 1 COMPLETE

LEASEABLE AREA 9,222 SF

LOT SIZE: 4,699 SF

PARKING: STREET LEVEL

YEAR BUILT: 1950

CAP RATE: APPROX 5.25%

ZONING: C7 - HISTORIC DOWNTOWN

CURRENT USE COFFEE SHOP & LAW

OFFICE

TAXES $18,492.19 (2019)

APPROX 2020 NOI $103,000

PROPERTY SUMMARY

CHARLES D. WIEBE, CIPS, E. TECH PREC - Commercial REALTOR778-549-8555 (Mobile)charles@cdwandassociates.comwww.cdwandassociates.com

MARTY PETERS, CIPS PREC - Commercial REALTOR 604-308-2931 (Mobile) marty@cdwandassociates.com www.cdwandassociates.com

RE/MAX LITTLE OAK REALTY (FORT LANGLEY) #120, 9220 Glover RoadFort Langley, BC V1M 2S2604-888-2475 (Office)

FOR SALE | INVESTMENT PROPERTY | 33775 ESSENDENE AVE.

CHARLES D. WIEBE, CIPS, E. TECH PREC - Commercial REALTOR778-549-8555 (Mobile)charles@cdwandassociates.comwww.cdwandassociates.com

MARTY PETERS, CIPS PREC - Commercial REALTOR 604-308-2931 (Mobile)marty@cdwandassociates.comwww.cdwandassociates.com

RE/MAX LITTLE OAK REALTY (FORT LANGLEY) #120, 9220 Glover RoadFort Langley, BC V1M 2S2604-888-2475 (Office)

FOR SALE - INVESTMENT PROPERTY33775 Essendene Ave. | Abbotsford, BC

If you're looking for an investment property in the heart of Abbotsford's downtown core, than this building is it! Located right in the center of this historic community, on busy Essendene Ave, this street level storefront building has nearly 8700 SF of space, separated in to 2 units. Both unitsare now fully tenanted with 5 year lease terms and the investment offers a 5.25% approximate Cap Rate. Plus the downtown area continues to grow and be rejuvenated with new ideas and entrepreneurs, this property will only keepbenefiting from what's to come.

RE/MAX LITTLE OAK REALTY (FORT LANGLEY) #120, 9220 Glover RoadFort Langley, BC V1M 2S2

DRIVE TIMES• Vancouver - 60 Minutes • YVR - 68 Minutes• Langley - 33 Minutes• Chilliwack - 28 Minutes• Sumas Border - 12 Minutes

ADDITIONAL FEATURES• Central Abbotsford Location• Minutes from Highway 1• Current Owner is staying on as

strong tenant