45905 Yale Road (Southgate Shopping Centre) is a high-exposure enclosed retail shopping centre on a 56,000 sq. ft. site located on the edge of the downtown core of Chilliwack, B.C. The Property accommodates 23 tenants and is anchored by Shoppers Drug Mart in the strong and growing market of Chilliwack. The Property was positioned to serve a diversified tenancy profile with mostly service/necessity-based tenants, making the property resilient to economic challenges.
Due to the strength and uniqueness of this asset, CBRE was able to successfully transact this property to a qualified private investor, which allowed the Purchaser to benefit from the asset’s strategic location in one of B.C.’s fastest-growing communities.