45604 Airport Rd is a free-standing retail pad building leased to Starbucks located on a strategic path of growth intersection in Chilliwack, BC.
The property is located on the Yale Road corridor serves as Chillwack's Main Street and offers a blend of shopping plazas as well as unique locally owned street front businesses. Other business establishments include hotel accommodations, service stations and restaurants. Furthermore, Chilliwack Proper offers the city's highest density housing which includes a mix of single family homes, town homes and low rise multifamily complexes.
The Pure Group applied its focused management strategy to profitably divest this commercial property for $2.90 million producing a Return On Equity of 167.91% and an IRR of 12.23%.
- Rentable Area (sq. ft.): 2,147
- Site Area (acres): 1.08
- Number of Units: 1
- Parking: 32 Surface Stalls
- Year Built: 2018
- Purchase Price: $2.35 million
- Purchase Date: November 4, 2020
- Sale price: $2.90 million
- Sale Date: June 30, 2025
- ROE: 167.91%
- IRR: 12.23%