For Lease · Office

304 32463 SIMON AVENUE, Abbotsford

304 32463 SIMON AVENUE, Abbotsford, BC V2T5E3

$19 per sq ft / yr

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

84%

About this property

Move-in ready office suite in the heart of Abbotsford City Centre, finished office. 2,180 square feet on the third floor of a well-maintained three-storey professional building on Simon Avenue, steps from the Abbotsford Law Courts, City Hall, Service Canada and The Reach Gallery Museum, and minutes from Sevenoaks Shopping Centre and Highway 1. The suite is fully improved and available for immediate occupancy. Private offices, boardroom, reception and staff kitchen are already in place, with a generous window line. A tenant could take possession without build-out cost or construction delay. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$19
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.73%

DSCR

0.80

Going-in cap

4.42%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

120,890

Households

45,353

Median income

$81,000

Median age

42.5

Daytime population

204,251

5-yr growth

2.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 304 32463 SIMON AVENUE, Abbotsford.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.