Large single tenant retail commercial building occupied on a long term basis by
a name brand tenant. Property offers steady income now and an opportunity to
participate in future redevelopment potential in downtown Chilliwack located
kitty corner to the main branch of the Chilliwack Royal Bank and within 2 blocks
of downtown Chilliwack's famous 5 corners and the Provincial Court house. Enjoy
a return now with future development options.
Meas approx and should be verified by buyer. Lease rate greater of $200,000
net/yr or 5.3% of Gross Rev (tenant sales). Base rent increased in yrs 4 & 5
of current lease term to a min of $225,000 net/yr.
Listed Date:
Dec 22, 2009
Original Price:
$2,995,000
Sale Type:
Asset
Property Type:
Retail
Construction:
Brick/Masonry, Concrete Block
Lot Area:
56,628.09 sq. ft.5,260.92 m2
Land Use/Zoning:
C3
Taxes:
$46,631.00 /
2009
Retail Exposure, Paved Lot, Flat Site, Corner Site
Paved Yard, HVAC System, Fully Air Conditioned, Washrooms Female/Male, Storefront
Services Connected:
Sewer - Storm, Sidewalk, High Speed Internet Svc at Lot Line, City Water at Lot Line, Sanitary sewer at Lot Line, Cable, Storm Sewer at Lot Line, Paved Streets, Street Lighting, Natural Gas at Lot Line, Electricity at Lot Line
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
HVAC:
Central A/C, Rooftop
Reports Avail:
None Available
Listing information last updated on Dec 1, 2010 12:37 PM
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