The Portfolio is well located within major commercial and retail nodes in Chilliwack, Kamloops, Calgary and Edmonton. Year 1 Net Operating Income for the Portfolio is approximately $1.1 million, with a 10% rental escalation in year 6. The British Columbia portion of the Portfolio consists of two (2) assets, or 29,630 square feet, and represents 34% of the year 1 NOI, while the Alberta Portfolio offers two (2) assets, or 32,924 square feet, and represents 66% of the year 1 NOI.
The sale of the properties will be considered on an individual, clustered and Portfolio basis. It is the Vendor’s preference that offers be received with no or limited conditions, and will be evaluated on that basis. Prospective financing terms through Scotiabank will be provided.
|46059 Yale Road, Chiliwack||6,029|
|276 Victoria Street, Kamloops||23,601|
|1401 17th Avenue SW, Calgary||19,614|
|10537 82nd Avenue, Edmonton||13,310|
- Deal closed 2018