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Shopping Strip

8989-8999 Young Road & 45948 Chesterfield Avenue

8989 Young Rd, Chilliwack, BC V2P 4R9

Listing Price: $5,850,000

Cap Rate
4.00%
Gross SF
18,127
Rentable SF
18,127
Price/Gross SF
$322.72
Lot Size
0.74 acres
Year Built
1989

Investment Overview

We are pleased to present for sale 8989-8999 Young Road & 45948 Chesterfield Avenue, Chilliwack, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity to acquire a value-add strip mall with development potential on a half city block in the heart of Chilliwack. The strip mall of the Subject Property is a 18,127 SF building situated on a 0.74 acre lot with the opportunity for immediate value-add by leasing up the current vacancy and getting the current below-market rents to market. Designated as Village Quarter under the Chilliwack Official Community Plan, prospective purchasers can enjoy an income generating asset while Chilliwack continues to evolve and densify.

Investment Highlights

  • 18,127 SF building on a 0.74 acre lot on Young Road, one of Chilliwack's main traffic arterials
  • Opportunity for immediate upside to be realized by in way of leasing up the current vacancy and getting the current below market rents to market
  • Development potential by in way of its Village Quarter designation under the Official Community Plan which allows for a 4 storey mixed use development of up to 100 units per hectare

Exclusively Listed By

Shopping Strip

8989-8999 Young Road & 45948 Chesterfield Avenue

Listing Price: $5,850,000

Cap Rate
4.00%
Gross SF
18,127
Rentable SF
18,127
Price/Gross SF
$322.72
Lot Size
0.74 acres
Year Built
1989

Investment Highlights

  • 18,127 SF building on a 0.74 acre lot on Young Road, one of Chilliwack's main traffic arterials
  • Opportunity for immediate upside to be realized by in way of leasing up the current vacancy and getting the current below market rents to market
  • Development potential by in way of its Village Quarter designation under the Official Community Plan which allows for a 4 storey mixed use development of up to 100 units per hectare

Investment Overview

We are pleased to present for sale 8989-8999 Young Road & 45948 Chesterfield Avenue, Chilliwack, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity to acquire a value-add strip mall with development potential on a half city block in the heart of Chilliwack. The strip mall of the Subject Property is a 18,127 SF building situated on a 0.74 acre lot with the opportunity for immediate value-add by leasing up the current vacancy and getting the current below-market rents to market. Designated as Village Quarter under the Chilliwack Official Community Plan, prospective purchasers can enjoy an income generating asset while Chilliwack continues to evolve and densify.

Exclusively Listed By

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