22,271 ft2
Acreage
$7,400,000
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. (id:62739)
Property Details
|
MLS® Number
|
C8082933 |
|
Property Type
|
Industrial |
Building
|
Fire Protection
|
Security System |
|
Size Interior
|
22,271 Ft2 |
|
Utility Power
|
Three Phase |
Parking
Land
|
Acreage
|
Yes |
|
Size Irregular
|
1.22 |
|
Size Total
|
1.22 Ac |
|
Size Total Text
|
1.22 Ac |
https://www.realtor.ca/real-estate/30420903/8880-young-road-chilliwack-proper-south-chilliwack