Two Longstanding Single-Tenant Assets

4635 & 4645 Greig Avenue, Terrace, BC Canada

$3,300,000

Price

7%

Cap Rate

$231,011

NOI

Overview
Cap Rate
7%
NOI
$231,011
Combined Building SF
20,489 sqft
Lot Area
1.52 acres
Price Per Sqft
$160
Zoning
C1-A - Urban Commercial
Parking Spots
57
Description

4635 & 4645 Greig Avenue are composed of two single-tenant assets totaling 20,489 square feet of gross leasable area situated on a lot size of 66,298 square feet (1.52 AC). The property is located within Terrace’s downtown core, just off of Highway 16, the main highway connecting Terrace to the rest of Northern BC. The property is within close proximity to retailers including Terrace Shopping Centre, Skeena Mall, BC Liquor Stores and Walmart.

TENANT INFORMATION
Staples Canada, a Canadian office supply retail chain, was acquired by Sycamore Partners, a private equity firm, for $6.9B in July, 2017. As of 2017, its North American retail segment consisted of 1,255 stores in the United States, and 304 stores and 15,000+ employees in Canada.

Western Financial Group is a diversified insurance company that serves more than 800,000 customers across Western Canada. Founded in 1996 and headquartered in High River, AB, Western provides personal and business insurance services through 157 office locations and network of over 1600 employees. Western Financial Group is a subsidiary of Trimont Financial, a wholly-owned subsidiary of The Wawanesa Mutual Insurance Company.

Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery