8880 YOUNG Road, Chilliwack, British Columbia V2P4P3

Property 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:5764)