Chilliwack Strip Mall Sells for 5.6% Cap
A strip mall located at 8989-8999 Young Road in Chilliwack has sold for $5,675,000, equating to a 5.60% cap rate.
The 18,127 SF building is fully leased and located on a 32,255 SF site. The OCP for the site allow future redevelopment for up to 4-storeys residential mixed-use.
Jack Allpress and Joey Yoo of Marcus & Millichap represented the Sellers in the transaction.
Own an retail property in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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