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Fraser Gateway Centre 43955 Industrial Way 90 Room Hotel Chilliwack, BC V2R 3A4 $33,600,000 CAD ($373,333 CAD/Room) 4.54% Cap Rate
Investment Highlights
- Newly constructed 4.46-acre landmark asset held as a 100% fee simple interest, with tenant-funded improvements.
- Anchored by three long-term land leases that collectively contribute 66.21% of the net income and carry virtually zero landlord responsibilities.
- 9 out of the 10 tenants include rent steps during their respective terms, supporting long-term NOI growth.
- Positioned along Industrial Way with direct access and visibility to the Trans-Canada Highway (66,975 VPD)
- Anchored by established national and regional brands including Marriott, Tim Hortons, Canco Petroleum, and Angry Otter Liquor
- The eight unit commercial strip building is leased to a diversified and complementary mix of daily-use and service-oriented tenants.
Executive Summary
Located adjacent to the Trans-Canada Highway, Fraser Gateway Centre comprises three long-term land leases, including a 150-room Fairfield by Marriott Inn & Suites (the “Marriott Hotel”), a standalone Tim Hortons with drive-thru, and a Canco Gas Bar with an integrated drive-thru QSR, together with a 14,805 SF retail building featuring eight commercial retail units (CRUs) with a diversified, complementary tenant mix including QSR, liquor, and convenience uses. Overall, Fraser Gateway Centre encompasses a 4.46-acre site, improved with 4 freestanding buildings totaling a gross floor area of over 102,590 SF.
Property Facts
| Price | $33,600,000 CAD | Lot Size | 4.46 AC |
| Price Per Room | $373,333 CAD | Building Size | 102,590 SF |
| Sale Type | Investment | No. Rooms | 90 |
| Cap Rate | 4.54% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 2025 |
| Property Subtype | Hotel | Parking Ratio | 1.2/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | CS2 - Tourism Commercial | ||
| Price | $33,600,000 CAD |
| Price Per Room | $373,333 CAD |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.46 AC |
| Building Size | 102,590 SF |
| No. Rooms | 90 |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 1.2/1,000 SF |
| Corridor | Interior |
| Zoning | CS2 - Tourism Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 90 | $272.00 CAD | - |
1 1
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Fraser Gateway Centre | 43955 Industrial Way
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