$1,750,000 Sale

Listed 9 hours ago

275 Okanagan Avenue E

MLS® 10404533 Residential Commercial Mix

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Date:

Beds · 0

Baths · 0.0

Parking · 0

Sqft · 10392

Est. mortgage

$6,639/mo

Key Facts

Key facts for 275 Okanagan Avenue E

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

10404533

Size

10392 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Industrial Property with Self-Storage Opportunity | Penticton **Asking price: $1,750,000** Located at 275 Okanagan Avenue East, this approximately 10,392 sq. ft., two-storey industrial building sits on a fully fenced, approximately 0.50-acre site in an established Penticton industrial area. The prop...erty includes commercial and office space, a self-storage facility and a fenced yard. The second floor is partially improved for office and staff use. The sellers are prepared to enter into a **proposed five-year lease with Rencon**, with a target return of **6.5%** at the asking price. The proposed annual net rent is $113,750, subject to finalizing the lease and confirming the allocation of property expenses. The purchaser may also elect to acquire the self-storage business as part of the purchase, with no separate asking price, or the business may remain with the current owners. The lease and storage-business arrangements will depend on the purchaser’s choice and final agreement. The property presents an opportunity for an investor or a buyer interested in an industrial property with a self-storage operation. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

10392 sqft

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

10392 sqft

Full Bathrooms

Half Bathrooms

Exterior

Acreage

0.5 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Roof Material

Metal,Other

Acreage

0.5 ac|under 1 acre

Parking Spaces

Garage Spaces Y/N

Roof Material

Metal,Other

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Exterior

Metal, Wood

Home Type

Commercial

Subtype

Residential Commercial Mix

Exterior

Metal, Wood

Community

Industrial Area

Area Code

Penticton

Community

Industrial Area

Area Code

Penticton

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Alicia Andreasen

Email: [email protected] Cell: 250-488-0938