Vacant-User
919 Baker Street, Cranbrook, B.C.
919 Baker St, Cranbrook, BC V1C 1A4
Listing Price: $3,183,500
Investment Overview
The Vendor has exclusively engaged Marcus & Millichap REIS to market its 100% freehold interest in 919 Baker Street, Cranbrook, British Columbia (the “Subject Property”). The Subject Property is a single-tenant financial institution occupied by Canadian Imperial Bank of Commerce (CIBC), one of Canada’s leading financial institutions. The property is secured by a triple-net (NNN) lease, providing investors with durable income supported by a nationally recognized banking tenant. Prominently positioned at the intersection of Baker Street and 10 Avenue South, the property benefits from excellent visibility, convenient access, and a long-standing presence in the heart of Cranbrook’s primary commercial district. The tenant recently exercised its renewal option, extending the lease through January 31, 2032, and reinforcing its commitment to the location and surrounding trade area. The offering presents a rare opportunity to acquire institutional-quality real estate backed by a nationally recognized tenant in the commercial and administrative heart of the East Kootenay region.
919 Baker Street, Cranbrook, B.C.
Investment Highlights
- Leased to Canadian Imperial Bank of Commerce (CIBC), one of Canada's Big Five banks, providing investors with the strength of an established national covenant.
- The Subject Property is 100% leased on a triple-net (NNN) basis, providing passive income with operating costs borne by the tenant and minimal landlord responsibilities.
- CIBC maintains a limited East Kootenay branch network. The Subject Property is located in Cranbrook, the region's largest urban centre and primary commercial hub.
- CIBC recently exercised its renewal option, extending its lease through January 31, 2032 and reinforcing its long-term commitment to this established branch location.
- CIBC has served Cranbrook for decades and relocated to the Subject Property in the mid-1990s, demonstrating a long-standing commitment to the community and trade area.
Exclusively Listed By
Listing Price: $3,183,500
Investment Highlights
- Leased to Canadian Imperial Bank of Commerce (CIBC), one of Canada's Big Five banks, providing investors with the strength of an established national covenant.
- The Subject Property is 100% leased on a triple-net (NNN) basis, providing passive income with operating costs borne by the tenant and minimal landlord responsibilities.
- CIBC maintains a limited East Kootenay branch network. The Subject Property is located in Cranbrook, the region's largest urban centre and primary commercial hub.
- CIBC recently exercised its renewal option, extending its lease through January 31, 2032 and reinforcing its long-term commitment to this established branch location.
- CIBC has served Cranbrook for decades and relocated to the Subject Property in the mid-1990s, demonstrating a long-standing commitment to the community and trade area.
Investment Overview
The Vendor has exclusively engaged Marcus & Millichap REIS to market its 100% freehold interest in 919 Baker Street, Cranbrook, British Columbia (the “Subject Property”). The Subject Property is a single-tenant financial institution occupied by Canadian Imperial Bank of Commerce (CIBC), one of Canada’s leading financial institutions. The property is secured by a triple-net (NNN) lease, providing investors with durable income supported by a nationally recognized banking tenant. Prominently positioned at the intersection of Baker Street and 10 Avenue South, the property benefits from excellent visibility, convenient access, and a long-standing presence in the heart of Cranbrook’s primary commercial district. The tenant recently exercised its renewal option, extending the lease through January 31, 2032, and reinforcing its commitment to the location and surrounding trade area. The offering presents a rare opportunity to acquire institutional-quality real estate backed by a nationally recognized tenant in the commercial and administrative heart of the East Kootenay region.
Exclusively Listed By
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