chilliwack, british columbia

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URBAN | PROPERTIES | GROUP CBRE Limited is pleased to present the opportunity to acquire 45495 Luckakuck Way, a 464,785 square foot site improved with a 97,250 square foot big box retail building, adjacent to Coonwood Mall, in the heart of Chilliwack’s main retail hub FOR SALE CONTACT US Mario Negris Personal Real Estate Corporation Executive Vice President +1 604 662 3000 [email protected] Martin Moriarty Associate Vice President +1 604 662 5123 [email protected] 45495 LUCKAKUCK WAY CHILLIWACK, BRITISH COLUMBIA

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Page 1: CHILLIWACK, BRITISH COLUMBIA

URBAN | PROPERTIES | GROUP

CBRE Limited is pleased to present the opportunity to acquire 45495 Luckakuck Way, a 464,785 square foot site improved with a 97,250 square foot big box retail building, adjacent to Cottonwood Mall, in the heart of Chilliwack’s main retail hub

F O RS A L E

CONTAC T US

Mario Negris Personal Real Estate CorporationExecutive Vice President +1 604 662 [email protected]

Martin Moriarty Associate Vice President +1 604 662 [email protected]

45495 LUCKAKUCK WAYCHILLIWACK, BRITISH COLUMBIA

Page 2: CHILLIWACK, BRITISH COLUMBIA

The property consists of one (1) legal lot with a total approximate site area of 464,785 square feet. Currently zoned C4 and improved with a single-storey department store building comprising of approximately 97,250 square feet of leasable area and significant surface parking.

F O R S A L E

Map of Chilliwack Exported: March 21, 2018

±0 110 22055 m

Scale: 1:4,000

Data accuracy not guaranteed

INVESTMENT HIGHLIGHTS

VALUE ADD POTENTIALUpside potential to reposition the property.

RARE OPPORTUNITYAdjacent to Cottonwood Mall providing immediate access to over 70 unique retail stores, restaurants, banks, and other services.

EXCEPTIONAL LOCATION45495 Luckakuck Way is strategically located in the heart of Chilliwack, along the Trans-Canada Highway. Chilliwack is bordered by the city of Abbotsford to the west, the community of Agassiz to the north, the community of Popkum to the east, and the United States to the south and provides a central location, connecting the interior of B.C. to Metro Vancouver.

EXECUTIVE SUMMARY

MUNICIPAL ADDRESS45495 Luckakuck Way

Chilliwack, B.C.

LEGAL DESCRIPTIONLOT 26 DISTRICT LOTS 259

AND266 GROUP 2 NEW

WESTMINSTERDISTRICT PLAN 45019

PID005-841-062

SITE SIZE*464,785 sq. ft.

BUILDING SIZE*97,250 sq. ft.

ZONINGC4 (Shopping Centre)

PARKING* 771 Stalls

TENANCYKal Tire

BID DATE * *To be determined

*Approximate and subject to confirmation.

**All due diligence material to be provided upon execution of an NDA.

O N B E H A L F O F :

Page 3: CHILLIWACK, BRITISH COLUMBIA

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.

F O R S A L E

HIGHWAY 1

LUCKAKUCK WAY

TRANS CANADA HIGHWAY

VEDDER ROAD

KNIGHT ROAD

TOPE

Z DR

IVE

EVAN

S RO

AD

YALE ROAD

• The economy in Chilliwack is diverse, with several key industry sectors, leading the way in terms of economic impact and employment

• Chilliwack is one of British Columbia’s fastest growing communities with a population growth of 7.5% over the last census period

• The City’s projected population is expected to surpass 100,000 by 2021

• Chilliwack continues to undergo significant business growth and urban development, with an average of 500 new business licenses per year

• Chilliwack’s average household income is projected to grow by 37.23% from $84,683 in 2017 to $116,213 in 2027

HIGHLIGHTS

45495 LUCKAKUCK WAYCHILLIWACK, BRITISH COLUMBIA

COTTONWOOD

MALL

CONTAC T US

Mario Negris Personal Real Estate CorporationExecutive Vice President +1 604 662 [email protected]

Martin Moriarty Associate Vice President +1 604 662 [email protected]

SEPERATE OWNERSHIP