Seven-unit Chilliwack retail complex sold for $3.1M
12,097-square-foot Flemings Corner retail complex fetches more than $145K per year in rental income
By
James Lee
Macdonald Commercial Real Estate Services Ltd.
for Western Investor
August 8, 2019
Macdonald Commercial Real Estate Services Ltd. reported that the Flemings Corner retail complex, in a fast-growing area of Chilliwack, B.C., has sold for $3.1 million. The seven-unit complex brings in $145,314 per year in rental income.
Breakdown:
Price: $3,100,000
Property type: Retail
Building size: 12,097 square feet
Lot size: 23,522 square feet
Number of retail units: 7
Number of residential units: 1
Year built: 1996
Zoning: C1A (Neighbourhood Commercial Centre)
Address: 5960 Tyson Road
City: Chilliwack, B.C.
Name of brokerage: Macdonald Commercial Real Estate Services Ltd.
Name of agent: James Lee
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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