https://www.city2cityrealty.com
260 Okanagan Avenue E, Penticton
Penticton
Other
$3,795,000
For sale
0 BEDS
0 BATHS
33784 sqft

REQUEST DETAILS

Description

Presenting a prime investment opportunity with a mixed-use industrial building offering approximately 33,784 square feet of space on a .678-acre lot, ideally located at the corner of Okanagan and Camrose Avenue in Penticton BC, just a few blocks from Main Street. This versatile property is currently utilized for self-storage, space rentals, and warehouse purposes, providing multiple revenue streams under one roof. The current tenant, who has already invested over $1,174,000 in building improvements since 2021???including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more???has expressed readiness to sign a long-term, 10-year triple net lease. This setup offers a stable, hands-off income opportunity with minimal management responsibility, backed by a reliable, committed tenant. The proposed lease rate offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio.

General Info

10340022
1960
Other
0.68 ac|under 1 acre
Central air conditioning
Security, Sprinkler System-Fire, Security system, Smoke Detector Only
Listed BY: Jonathan Wall, Engel & Volkers South Okanagan

Amenities/Features

Mortgage Calculator
Purchase Amount $ 3,795,000
Down Payment
Interest Rate
Payment Interval:
Mortgage Term (Years)

Similar Properties

$1,388,000
5649 Cosens Bay Road Unit# 13
0.68 ac|under 1 acre
Lots A&B Granite Bay Rd
0.68 ac|under 1 acre
709 6378 SILVER AVENUE
0.68 ac|under 1 acre
202 9453 120st  Delta BC,Delta
CITY 2 CITY REAL ESTATE SERVICES
260 Okanagan Avenue E, Penticton
Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.