Gladwin Crossing

2777-85 Gladwin Road, Abbotsford

$25,500,000

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Price$25,500,000

Property typeMixed retail / office centre

Gross leasable area71,164 sq. ft.

Lot size89,021 sq. ft. plus 0.79 adjacent site

ZoningC5H - City Centre Highrise Commercial

PID025-258-109; 025-258-117

Legal descriptionLot A Section 20 Township 16 New Westminster District Plan LMP52720

Overview

Gladwin Crossing is a prime corner site located on the NW corner of South Fraser Way and Gladwin Road in the commercial hub of the City of Abbotsford. It is improved with a mixed retail/office centre and adjacent property for extra parking or future redevelopment. The corner property is comprised of 34,096 sq. ft. net leasable of retail on the ground floor and 34,698 sq. ft. gross leasable of office on floors 2 – 4. The adjacent site is currently used as surface parking with 73 parking stalls. The commercial complex and adjacent site can be purchased separately.

Location

Gladwin Crossing is located on the NW corner of South Fraser Way and Gladwin Road in the commercial hub of the City of Abbotsford.

The City of Abbotsford is located in the heart of Fraser Valley, one hour from Vancouver and just 15 minutes from the US border. Abbotsford is the fifth-largest municipality in British Columbia and one of the fastest growing cities in Canada (population approx. 135,000).

Information Package

A brochure can be downloaded by click here .

For a confidential information memorandum including a current rent roll and financial statement, please download the confidentiality agreement by click here.

Please email signed CIM to Nhi Denis at nhi@icivancouver.com or call 604.351.8089 to discuss this opportunity.

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Financing	The Vendor wishes to assign the existing mortgage to the Purchaser. The mortgage term is until October 2017 with an outstanding balance of approximately $12,700,000 at an interest rate of 6.1%.
Assessment 2013	Land Building Total	Land$4,983,000 Building$14,319,000 Total$19,302,000
Taxes 2013	$391,902
Notes	For a confidential information memorandum including a current rent roll and financial statement, please download the confidentiality agreement by click here. Please email signed CIM to Nhi Denis at nhi@icivancouver.com or call 604.351.8089 to discuss this opportunity.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.