This in a AAA Commercial Real Estate investing Opportunity. There are 2 solid tenants paying Basic Rent plus all operating costs. The asking price reflects a realistic CAP rate (return rate) for a building of this type and offers the Investor a very stable and growing cash flow return on investment. The property is .65 Acres located directly facing Highway 97 for excellent visibility with 164 feet of Highway frontage. It is a 2010 built AAA Commercial quality building which is approximately 18,000 Sq ft plus a 4700 Sqft Parking garage. There is ample surface parking, a cul-de-sac with street parking and easy access to get in and out via the highway with both a left and right turn off the highway then though an easy round-a-bout avoiding lights and delays. Timely maintenance, painting and upgrades to HVAC etc have been done as required and the building shows very well. (id:13843)
MLS# | 10320165 |
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Listing Type | For Sale |
Status | Active |
Year | 2010 |
Days On Site | 287 |
Listing Provided By | RE/MAX Vernon | David Pusey |
SQ Feet | 18,000 |
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Zoning | Unknown |
Acreage | 0.65 |
Province | BC |
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City | Lake Country |
Postal Code | V4V1V5 |
Listing VS Median (in V4V1V5) | |
Price: $5,250,000 low | high Med: $5,250,000 SqFt: 18,000 low | high Med: 18,000 $ / SqFt: $292 low | high Med: $292 On site: 287 low | high Med: 287.000000 |