Chilliwack retail complex sold for $3.1M

The two-storey complex has eight units

By
for Western Investor
June 3, 2019





chilliwack retail
A two-storey retail complex in Chilliwack has sold for $3.1 million, Macdonald Commercial Real Estate tells Western Investor. 
 
The building consists of five units on the ground floor and three units on the second floor with stable tenants and below market rent, with room for rent increase upon renewal. There is ample free parking in front of the building. Net rental income for the building is $149,467 per year. 
 
The property is located at 5960 Tyson Rd., Chilliwack. 
 

Breakdown:

 
Price: $3,100,000
No. of Units: 8
Lot Size: 23,522 SF 
Property Type: Retail 
Zoning: C1A
Date of Sale: 04/03/2019
City: Chilliwack 
Province: B.C. 
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd. 
 
 

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James Lee is an accomplished real estate professional with extensive experience in all aspects of the real estate field. He was born in Busan, Korea in 1961. James graduated from Sogang University, Seoul, Korea, with a Bachelor of Engineering in August, 1986, and from the Sogang Business School with an MBA degree in Marketing in February, 1992. Since transitioning into commercial real estate, his experience has been very extensive in various sectors, including office and retail, land, leasing, business with property, and small business.

Macdonald Commercial Real Estate Services Ltd.
Office: 604-736-5611
Cell: 604-363-0258

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