Aldergrove retail strip sold for $575K per unit

The four-unit strip centre sold for $2.3 million

By
for Western Investor
July 31, 2017





aldergrove property
 
A retail strip in Aldergrove has sold for $2.3 million, HomeLife Glenayre Realty reports. 
 
The four-unit building measure 6,320 square feet, situated on a 18,295-square-foot lot. The property is anchored by CIBC bank and two other secured tenants on long-term lease – a sushi restaurant and a hair salon. The fourth unit is currently vacant, offering 1,800-square-feet of retail space. The building was built in 1972 and has an assessed value of $1.59 million. The property was listed for $2.49 million. 
 
The property is located at 3088 272nd St., Aldergrove. 
 

Breakdown:

 
Price: $2,300,000
No. of Units: 4
Price/Unit: $575,000
Lot Size: 18,295 SF
Property Type: Retail
Zoning: C2
2016 B.C. Assessment Value: $1,589,000
Date of Sale: 07/28/2017
City: Langley
Province: B.C.
Name of Brokerage: HomeLife Glenayre Realty 
 

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Rick Toor has been a licensed realtor with Homelife Glenayre Realty since 2006. He specializes in commercial sales and leasing.

Homelife Glenayre Realty
8387 Young Rd.
Chilliwack B.C., V2P 4NB
Office: 604-795-2955

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