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33261 South Fraser Way

33261 South Fraser Way, Abbotsford, BC V2S 2B2

Listing Price: $7,700,000

Cap Rate
4.50%
Gross SF
8,325
Rentable SF
8,325
Price/Gross SF
$924.92
Lot Size
0.83 acres
Year Built
1993

Investment Overview

Marcus & Millichap is pleased to announce for sale 33261 South Fraser Way & 33264 Old Yale Road Abbotsford, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for an investor to acquire three fully leased buildings operating on NNN leases with a strong tenant roster. The Subject Property features a total of 8,325 SF of rentable area on 36,259 SF lot with frontage on South Fraser Way with easy access and ample parking.

Investment Highlights

  • Rarely available, income-producing property secured by a strong tenant roster on landlord-friendly NNN leases.
  • 8,325 SF of leasable area on a 36,259 SF (0.83 Acres) site with excellent exposure and direct access from South Fraser Way - rare low lot coverage property in Abbotsford.
  • Secured by corporate covenants of both Mr. Lube Canada & Enterprise Rent-A-Car Canada.
  • Positioned along Abbotsford's primary thoroughfare, South Fraser Way, with strong visibility to both vehicular and pedestrian traffic benefiting from 28,918 vehicles per day.
  • Situated within a rapidly growing area, just 1km of the Subject Property, this region has experienced a population growth of 13.6% population between 2017 and 2022, and is projected to continue expanding by over 7.9% from 2022 to 2027.

Exclusively Listed By

Shopping Auto Center

33261 South Fraser Way

Listing Price: $7,700,000

Cap Rate
4.50%
Gross SF
8,325
Rentable SF
8,325
Price/Gross SF
$924.92
Lot Size
0.83 acres
Year Built
1993

Investment Highlights

  • Rarely available, income-producing property secured by a strong tenant roster on landlord-friendly NNN leases.
  • 8,325 SF of leasable area on a 36,259 SF (0.83 Acres) site with excellent exposure and direct access from South Fraser Way - rare low lot coverage property in Abbotsford.
  • Secured by corporate covenants of both Mr. Lube Canada & Enterprise Rent-A-Car Canada.
  • Positioned along Abbotsford's primary thoroughfare, South Fraser Way, with strong visibility to both vehicular and pedestrian traffic benefiting from 28,918 vehicles per day.
  • Situated within a rapidly growing area, just 1km of the Subject Property, this region has experienced a population growth of 13.6% population between 2017 and 2022, and is projected to continue expanding by over 7.9% from 2022 to 2027.

Investment Overview

Marcus & Millichap is pleased to announce for sale 33261 South Fraser Way & 33264 Old Yale Road Abbotsford, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for an investor to acquire three fully leased buildings operating on NNN leases with a strong tenant roster. The Subject Property features a total of 8,325 SF of rentable area on 36,259 SF lot with frontage on South Fraser Way with easy access and ample parking.

Exclusively Listed By

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