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Aldergrove fully leased retail property sells for $1.62 million

Building is 2,100 square feet on a 0.28-acre site with nine tenants under “excellent” covenants, and sold with a capitalization rate of 4 per cent
NAI Commercial, Langley, B.C., for Western Investor
26821-old-yale-road-aldergrove
NAI Commercial, Langley, B.C., for Western Investor

Property type: Retail

Location: 26821 Old Yale Road, Aldergrove, B.C.

Number of units: 9

Building size: 2,100 square feet

Land size: 12,196 square feet

Land size in acres: 0.28 acres

Zoning: C-3

Sale price: $1.62 million

Brokerage: NAI Commercial, Langley, B.C.

Broker: Ken Kiers