Sunstone Opportunity Fund (2006) Investment Properties

City Gate Shopping Centre is a 45,764 square foot neighborhood retail plaza well located in the city centre of Chilliwack. Situated within an established retail and commercial node and easily accessible by highway and public transit, City Gate offers the opportunity to lease space in the heart of Chilliwack, north of Highway 1.

Located in the Fraser Valley Regional District, Chilliwack continues to undergo significant urban development in the industrial, retail, residential and public sectors, fuelled by lower property taxes, lower land and development costs, and a growing population. Positioned on either side of the TransCanada Highway,Chilliwack is conveniently located within 33 kilometres of a US Border Crossing, 37 kilometres east of Abbotsford’s International Airport, and 105 kilometres east of the City of Vancouver and YVR.

Address:  45840 Cheam Avenue,
Chilliwack, BC

Building Size:   44,534 sq. ft.
Year Built:   
Tenancy:  Multi
Zoning:   C-4 Shopping Centre Zone

Contact

P:  604-681-5959
E:  info@puremultifamily.com
  • Purchase price: $16,466,086
  • Purchase date: December 2007
  • Mortgage: $9,034,226
  • Interest rate: Prime Rate + 1.25%
  • Debt maturity: On demand
  • Rentable Area (sq. ft.): 44,534
  • Site Area (acres): 3.66
  • Key tenants: FreshCo, HSBC Bank, Envision Credit Union, Liquor Depot
  • Property type: Shopping centre