For sale11$889,000
5 45770 RAILWAY AVENUE, Chilliwack Downtown
3,178 sq ft
Commercial real estate is priced and negotiated on fundamentals — lease terms, tenant covenant, cap rate — more than curb appeal.
If you plan to operate your own business from the space, zoning and permitted use are the first filter — confirm the specific use is permitted (not just "commercial" generally) before you get attached to a location. If you're buying as an investor, the existing lease terms, tenant covenant (how creditworthy and stable the tenant is) and remaining lease length drive value more than the building itself.
Triple-net (NNN) leases, where the tenant covers property tax, insurance and maintenance on top of base rent, are common in retail and industrial; gross leases, where the landlord covers those costs, are more typical in older office space. Knowing which structure applies to a listing changes your actual net return calculation significantly.
If yours isn't here, ask us directly — we'd rather answer it now.
In a triple-net (NNN) lease, the tenant pays base rent plus their share of property tax, insurance and common-area maintenance. In a gross lease, the landlord covers those costs out of the rent collected. The distinction matters a lot for calculating your real return on a leased commercial property.
No — commercial properties are financed differently, typically with shorter amortizations, different rate structures, and underwriting based on the property's income and your business financials as much as your personal credit. We work with commercial lenders and mortgage brokers who handle this regularly.
Yes — landlord and tenant representation for leasing, and buy-side or sell-side representation for acquisitions and dispositions. Visit our [Commercial](/commercial) hub for the full breakdown by category.
Tell us your timeline and budget and we'll line up viewings that actually fit.