Chilliwack retail complex sold for $3.1M
The two-storey complex has eight units
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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.
No. of Units: 8
Lot Size: 23,522 SF
Property Type: Retail
Date of Sale: 04/03/2019
Name of Brokerage: Macdonald Commercial Real Estate Services Ltd.
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