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8880 YOUNG ROAD, Chilliwack Proper South

City: Chilliwack
MLS® Number: C8082933
$7,400,000
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. (id:67659)

PROPERTY TYPE
Industrial
BEDROOMS
N/A
TAXES
N/A
DWELLING TYPE
N/A
BATHROOMS
N/A
LOT AREA
1.22 acres
TOTAL AREA
22,271 square feet
YEAR BUILT
N/A
STATUS
Active
Features

Parking: Visitor Parking

Security: Security system

Photos
Location
Listing Brokerage
RE/MAX Bob Plowright RealtyPowered by REALTOR.ca

Contact Leanne Robb PREC

Call 778-918-4169 or email leanne.robb@westcoasthome.ca, or send a message about this listing.