Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Industrial · Chilliwack

8880 Young Road

Chilliwack, BC V2P4P3

$7,400,000

Listed today

Bedrooms
0
Bathrooms
0
Floor area
22,271 sq ft
Type
Industrial
MLS®
C8082933

About this home

Investor Alert! Opportunity to acquire a commercial building operating with long-term tenants. Strategically located on a main access route from central Chilliwack to Highway 1, this high-profile 1.22-acre commercial/industrial property with 22,200 + building is a short drive from city center and new District 1881. The property offers a broad tenant mix and triple net leases with annual escalations. Strong holding income from day one, provides a 5% CAP rate based on the asking price. Existing improvements accommodate a mix of industrial, retail, commercial uses with dock loading, ample onsite parking and access for semi-trucks. CSM zoning and Official Community Plan designation offer future redevelopment potential. An excellent opportunity for investors seeking established income in a prominent high profile location.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$32,766
Strata fee$0
Property taxannual ÷ 12$0
Est. monthly total$32,766
Down payment + BC property transfer taxbefore any first-time buyer exemption$1,768,000

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Listing courtesy of RE/MAX Bob Plowright Realty. View on REALTOR.ca

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Listing data is supplied through the CREA Data Distribution Facility (DDF®) by members of CREA and is deemed reliable but not guaranteed. Information should be independently verified.

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