Cap Rate: 6.5+% - This 10,392 sq. ft. two-storey building its on a fully fenced 0.5-acre site and includes commercial/retail space, office areas, residents and a secure storage facility. The second floor is partially improved for office use and staff accommodations. Offered at a 6.5%+ CAP RATE Steel and wood construction with ICF foundation, Metal/stucco exterior with torch-on roofing (2019), 400 Amp power, HVAC, and copper plumbing, Secure key fob access, video surveillance, motion sensors, Large fenced yard with 85 self-storage units and one 24'x25' oversized unit. Great opportunity for investors or owner-occupiers looking for cash flow, expansion space, or redevelopment potential. This well-located industrial property in Penticton offers a unique opportunity to acquire a mixed-use, income-generating asset in the heart of an established industrial district. Property only, business not for sale. (id:44393)
| MLS® Number | 10365800 |
| Property Type | Other |
| Neigbourhood | Industrial Area |
| Exterior Finish | Metal, Wood |
| Foundation Type | Insulated Concrete Forms |
| Roof Material | Metal,other |
| Roof Style | Unknown,unknown |
| Size Interior | 10,392 Ft2 |
| Type | Residential Commercial Mix |
| Acreage | No |
| Current Use | Mixed Use |
| Size Irregular | 0.5 |
| Size Total | 0.5 Ac|under 1 Acre |
| Size Total Text | 0.5 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28990524/275-okanagan-avenue-e-penticton-industrial-area
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Steven Harvey
(250) 491-1111
(778) 484-3232
www.businessfinderscanada.com/
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