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:63400)
| MLS® Number | C8082933 |
| Property Type | Industrial |
| Fire Protection | Security System |
| Size Interior | 22,271 Sqft |
| Utility Power | Three Phase |
| Visitor Parking |
| 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
Bob Plowright
(604) 858-7179
(604) 858-7197
www.bobplowright.com
Ron Plowright
Personal Real Estate Corporation
(604) 858-7179
(604) 858-7197
www.bobplowright.com