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402-408 Victoria St 18,120 SF 100% Leased Office Building Kamloops, BC V2C 2A7 $5,295,000 CAD ($292.22 CAD/SF) 5.79% Cap Rate
Investment Highlights
- Prime downtown location
- Flexible CBD zoning supports a wide range of commercial uses and redevelopment potential.
- Strong market fundamentals with projected population growth of up to 6.9% in the trade area.
- Fully leased mixed-use property with 13 tenants providing stable income
- Nine dedicated parking stalls enhance tenant and customer convenience.
Executive Summary
Cushman & Wakefield ULC is pleased to present the opportunity to acquire a versatile mixed-use commercial property in the heart of Downtown Kamloops. Comprising two legal addresses 402 & 408 Victoria Street, this offering provides a rare chance to secure a high-exposure asset in one of the city’s most dynamic business corridors. The property features flexible leasing options, including private offices and shared workspaces, catering to a wide range of professional and retail tenants such as restaurants, boutique retailers, legal and financial services, wellness practitioners, and creative enterprises. With its adaptable layout and central location, the asset is well-positioned to deliver stable income and long-term growth in a rapidly evolving urban market
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,120 SF
Building Class
C
Year Built
1922
Price
$5,295,000 CAD
Price Per SF
$292.22 CAD
Cap Rate
5.79%
NOI
$306,343 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
7,047 SF
Building FAR
1.53
Lot Size
0.27 AC
Zoning
CBD - Central Business District
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Exceptionally walkable
100/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
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402-408 Victoria St
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