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:44393)
| MLS® Number | 10357526 |
| Property Type | Retail |
| Neigbourhood | Lake Country North West |
| Size Interior | 18,000 Ft2 |
| Type | Retail |
| Acreage | No |
| Size Irregular | 0.65 |
| Size Total | 0.65 Ac|under 1 Acre |
| Size Total Text | 0.65 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28941490/10564-powley-court-lake-country-lake-country-north-west
Contact us for more information
David Pusey
Personal Real Estate Corporation
(250) 549-4161
(250) 549-7007
www.remaxvernon.com/
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