43955 Industrial Way - Hospitality FOR SALE


Chilliwack, BC V2R 3A4
$33,600,000 CAD
778-371-0641
43955 Industrial Way, Chilliwack, BC for Sale
$33,600,000 CAD
Hospitality - FOR SALE
1/11
null | 4.54% Cap Rate

43955 Industrial Way
Chilliwack, BC V2R 3A4


HIGHLIGHTS

  • Newly constructed 4.46-acre landmark asset held as a 100% fee simple interest, with tenant-funded improvements.
  • Positioned along Industrial Way with direct access and visibility to the Trans-Canada Highway (66,975 VPD)
  • Anchored by three long-term land leases that collectively contribute 66.21% of the net income and carry virtually zero landlord responsibilities.
  • Anchored by established national and regional brands including Marriott, Tim Hortons, Canco Petroleum, and Angry Otter Liquor
  • 9 out of the 10 tenants include rent steps during their respective terms, supporting long-term NOI growth.
  • The eight unit commercial strip building is leased to a diversified and complementary mix of daily-use and service-oriented tenants.

OVERVIEW

Located adjacent to the Trans-Canada Highway, Fraser Gateway Centre comprises three long-term land leases, including a 150-room Fairfield by Marriott Inn & Suites (the “Marriott Hotel”), a standalone Tim Hortons with drive-thru, and a Canco Gas Bar with an integrated drive-thru QSR, together with a 14,805 SF retail building featuring eight commercial retail units (CRUs) with a diversified, complementary tenant mix including QSR, liquor, and convenience uses. Overall, Fraser Gateway Centre encompasses a 4.46-acre site, improved with 4 freestanding buildings totaling a gross floor area of over 102,590 SF.

FOR SALE DETAILS

PRICE

$33,600,000 CAD

PRICE/SF

$913 CAD /SF

# OF ROOMS

90

PRICE/ROOM

$373,333 {currency}

CAP RATE

4.54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fraser Gateway Centre

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2025

PARKING SPACES

108

LAND DETAILS

LAND ACRES

4.46 AC

LAND SF

194,278 SF

ZONING

CS2

APN/PARCEL ID

003473431

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
778-371-0641

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Jon BuckleyMarcus & MillichapMore Info
778-371-0641

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.