Price: $13,050,000 (full share sale price)
Lot Size: 1.4 acres
City: Chilliwack
Province: B.C.
Name of Brokerage: Frontline Real Estate Service Ltd.
A multi-tenant banking centre in Chilliwack was sold for $13,050,000. Long-term tenants CIBC and TD Canada Trust occupy part of the banking centre property.
The sale includes four properties, including two freestanding buildings, located in Chilliwack’s Vedder Crossing commercial corridor at 5955, 5973, 5977 Vedder Rd. and 45708 Watson Rd. The properties totals 61,252 square feet.
Todd Bohn, Frontline Real Estate Services selling agent, handled the transaction.
The property was attractive to investors due to its long-term tenancy, providing income security to buyers, according to a press release released by Frontline.
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