$7,400,000

8880 Young Road, Chilliwack, BC V2P 4P3

MLS® C8082933

Description

Investor Alert! Opportunity to acquire a commercial building operating with long-term tenants. Strategically located on a main access route from central Chilliwack to Highway 1, this high-profile 1.22-acre commercial/industrial property with 22,200 + building is a short drive from city center and new District 1881. The property offers a broad tenant mix and triple net leases with annual escalations. Strong holding income from day one, provides a 5% CAP rate based on the asking price. Existing improvements accommodate a mix of industrial, retail, commercial uses with dock loading, ample onsite parking and access for semi-trucks. CSM zoning and Official Community Plan designation offer future redevelopment potential. An excellent opportunity for investors seeking established income in a prominent high profile location.

Property

Property type

Commercial Sale

Style

Industrial

Structure

Mixed Use, Quasi Retail, Warehouse

Ownership

Freehold

Levels

1

Systems

Heating

Mixed, Separate Controls

Cooling

Mixed, Separate Controls

Security

Security System

Lot and parking

Lot size

53,143.2 sq ft

Parking

Guest

Costs

Annual property tax

$67,758

Tax year

2,026

Location

Area

Chilliwack

Neighbourhood

Chilliwack Proper South

Waterfront

No