For Sale · Office

105 43995 PROGRESS WAY, West Chilliwack, Chilliwack

105 43995 PROGRESS WAY, West Chilliwack, Chilliwack, BC V2R0E6

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

87%

Year Built

2017

Lot Size

0 ac

About this property

This modern, turn-key 3,440-square-foot ground floor unit in Chilliwack sits in a highly accessible location near the Highway 1 and Lickman Road interchange. Most notably, the property's zoning has just been updated to permit medical users, offering a prime opportunity for healthcare practitioners, clinics, and wellness centers. The existing layout is perfectly suited for patient care or general office uses, featuring eight large private offices, a dedicated conference room, and a spacious, welcoming bullpen area with a kitchenette. Your business will benefit directly from Chilliwack's rapidly growing and diverse economy. With significant recent commercial and residential development in the surrounding area, this location drives consistent local traffic and provides a robust, built-in patient and client base for a wide variety of medical and professional services. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

126,303

Households

51,286

Median income

$83,000

Median age

44.3

Daytime population

119,298

5-yr growth

6.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 105 43995 PROGRESS WAY, West Chilliwack, Chilliwack.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.