32525 Simon Avenue, Abbotsford | MLS: C8078184

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32525 Simon Avenue
Abbotsford West Abbotsford V2T 6T6

$10,500,000
Office

Main Photo: 32525 Simon Avenue, Abbotsford | MLS: C8078184
Photo 1: 32525 Simon Avenue, Abbotsford | MLS: C8078184
Photo 2: 32525 Simon Avenue, Abbotsford | MLS: C8078184
Photo 3: 32525 Simon Avenue, Abbotsford | MLS: C8078184
Status:
Active
Prop. Type:
Office
MLS® Num:
C8078184
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.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Office
Commercial Type:
Office
Lot Area:
24,829.2 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
013419170
Taxes:
$92,436.38 / 2025
No
Water Rights:
No
Roof:
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 32525 Simon Avenue, Abbotsford | MLS: C8078184
    Photo 1 of 3
  • Photo 2: 32525 Simon Avenue, Abbotsford | MLS: C8078184
    Photo 2 of 3
  • Photo 3: 32525 Simon Avenue, Abbotsford | MLS: C8078184
    Photo 3 of 3
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Listed by Marcus & Millichap
Data was last updated September 2, 2026 at 11:40 PM (UTC)
Rod Friesen & Associates
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Listing data is current as of

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