Wednesday, August 25, 2010

Pharmacy and Medical building in Chilliwack; 1.6 mil; 8.73 cap rate

46198 Yale Road

46198 Yale Road, Chilliwack, BC V2P2P1

46198 Yale Road

  • Price Not Disclosed

  • 8,563 SF

  • Retail

  • Street Retail

  • Investment

  • 8.73%

  • Multiple
  • Find Out More...
Last Verified 7/20/2010 Listing ID 16495854

Description

Built in approximately 1989, the subject property is a free-standing commercial retail building with a gross floor area of
approximately 8,563 square feet. The main floor provides for approximately 6,563 square feet of prime retail/office space.
The main floor enjoys long-term and stable tenancy with Yale Central Pharmacy and several professional doctors with recent
extensive renovations offering a highly sought-after, high-end medical center to the community. The second floor boasts three
residential suites with a total rentable area of approximately 2,000 square feet
The subject property is strategically located in the downtown
district of Chilliwack, B.C. Here the property stands tall on the
southwest corner of Yale Road and Nowell Street. The laid-back
country charm of this location is nicely balanced by the historic city
centre' s vibrant neighborhood which offers a wonderful selection
of unique shopping experiences, dining, and entertainment
options. Not only is this property' s location convenient, the City of
Chilliwack is a vibrant metropolitan city nestled in a wide, fertile
river valley surrounded by endless mountains, miles of crystal
clear lakes, and acres of untamed wilderness. Enjoying some of
the same benefits as Vancouver' s mild temperatures, proximity
to major markets, and easy access to the United States, the City
of Chilliwack is growing by a steady pace of two percent per
year. These benefits, combined with progressive and proactive
economic development initiatives, makes the City of Chilliwack
an attractive base for tourists, businesses, and residents.
http://www.loopnet.com/Attachments/9/C/1/9C1DEBFD-4066-4595-9520-75600422AE2F.pdf

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