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Shopping Strip

32559 Logan Avenue

32559 Logan Ave, Mission, BC V2V 1E1

Listing Price: $4,100,000

Cap Rate
2.80%
Gross SF
11,226
Rentable SF
10,885
Price/Gross SF
$365.22
Lot Size
1.13 acres
Year Built
1992

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 32559 Logan Avenue, Mission, B.C. (the "Subject Property"). The Subject Property presents a unique opportunity to acquire a value-add retail plaza on 1.13 acres in Mission, centrally located at the junction of Lougheed Highway and Abbotsford-Mission Highway.

Investment Highlights

  • 10,885 SF retail strip plaza on 1.13 acres of land, located in the heart of Mission
  • 89% leased, consisting of 5 tenants on month-to-month lease agreements at below-market rents, providing immediate upside or value-add potential to investors, while also catering to prospective users
  • Future development potential by way of the in-place CH2 zoning, which allows for a base density of 2.0 FSR for mixed-use projects

Exclusively Listed By

Shopping Strip

32559 Logan Avenue

Listing Price: $4,100,000

Cap Rate
2.80%
Gross SF
11,226
Rentable SF
10,885
Price/Gross SF
$365.22
Lot Size
1.13 acres
Year Built
1992

Investment Highlights

  • 10,885 SF retail strip plaza on 1.13 acres of land, located in the heart of Mission
  • 89% leased, consisting of 5 tenants on month-to-month lease agreements at below-market rents, providing immediate upside or value-add potential to investors, while also catering to prospective users
  • Future development potential by way of the in-place CH2 zoning, which allows for a base density of 2.0 FSR for mixed-use projects

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 32559 Logan Avenue, Mission, B.C. (the "Subject Property"). The Subject Property presents a unique opportunity to acquire a value-add retail plaza on 1.13 acres in Mission, centrally located at the junction of Lougheed Highway and Abbotsford-Mission Highway.

Exclusively Listed By

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