45833 Alexander Avenue, Chilliwack

45833 Alexander Avenue, Chilliwack

$4,900,000 - For Sale

Property Attachments

Information Package

The Opportunity

NAI Commercial is pleased to exclusively offer FOR SALE, a rare multi-tenanted Investment Property in the desirable Fraser Valley. The Property was initially designed with the intent of creating 8 separate leasable units, however, one larger tenant leased 5,110 square feet creating a total of five leasable units at present. Three of the remaining four units are currently leased, leaving one unit available for lease. The City of Chilliwack has provided property Tax relief to the Property. Details to be provided upon execution of a Non-Disclosure Agreement.

The Location

Chilliwack is the second largest and fastest growing city in the Fraser Valley Regional District, projected to grow at a rate of 12.7% over the next five years. The City is benefiting from the brand new Molson Coors Brewery which has created over 100 direct jobs and numerous support industries in the area. The Subject Property is situated just off of Yale road which is a major north/south arterial through the City. Immediate neighbours include FreshCo (Safeway) HSBC, Envision, Corky’s Pub and many more. McDonalds is just down the street and the Chilliwack General Hospital is 650 metres away. Several newly constructed housing units are in the immediate vicinity of the Property.

The Salient Details
Legal Description Lot 1 District Lot 28 Group 2 New Westminster District Plan BCP46116
PID 028-348-427
Zoning C2 (Local Commercial) Zone
Site Area 32,670 SF (0.75 Acres)
Cap Rate 5.32% when Fully Leased

Property on Map

Property Attachments

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.