Frontline Real Estate Services Ltd. is pleased to announce the recent success of two investment transactions in the Fraser Valley. The properties, one located in Mission and the other located in Chilliwack, were both sold through a listing and marketing process, including the management of multiple buyers, ran by Frontline Real Estate Services Ltd.
These transactions indicate a growing trend of investors looking to the Fraser Valley for opportunities that provide desirable return on their investment. Both properties have established, long term tenants providing the security investors are looking for.
“As buyers have trouble placing their cash in the downtown core, demand in the Fraser Valley continues to increase. For this reason, it now makes sense for owners to consider disposing of these assets to take advantage of their increased value” stated Todd Bohn of Frontline Real Estate Service. Bohn, along with Owen Yates and Justin Mitchell represented the sellers in both transactions.
Read more via Western Investor:
Multi-building banking centre sold in Chilliwack share sale
Mission Community Health Centre sells for $15.5 million
5955, 5973, 5977 Vedder Road & 45708 Watson Road, Chilliwack
These properties were included in a share sale transaction.
- 4 properties totaling 61,252 sf (1.4 acres)
- 2 freestanding buildings totaling approx. 16,414 sf
- Located in Chilliwack’s Vedder Crossing commercial corridor
- National, long term tenants: CIBC and TD Canada Trust
- List Price: N/A
- Sale Price: $13,050,000.00 (full share sale price)
- Selling Agents: Todd Bohn (Personal Real Estate Corporation)
7298 Hurd Street, Mission
- 3 storey medical office building built in 2014
- 15 years remaining on lease with AAA government tenant: Fraser Health
- Strategic location adjacent to Mission Memorial Hospital
- New construction with top quality materials
- List Price: $15,000,000.00
- Sale Price: $15,500,000.00
- Selling Agents: Owen Yates (Personal Real Estate Corporation), Todd Bohn (Personal Real Estate Corporation), Justin Mitchell (Personal Real Estate Corporation)