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65-85 E Nanaimo Av E 10,637 SF 100% Leased Retail Building Penticton, BC V2A 1M1 $2,700,000 CAD ($253.83 CAD/SF) 5.03% Cap Rate
Investment Highlights
- Fully tenanted mixed-use income producing property
- Diversified tenant mix
- Strong physical condition
- Stable income stream
- Immediate rental upside through below-market in-place rents
- Five onsite parking stalls
Executive Summary
HM Commercial Realty is pleased to present the opportunity to purchase a fully tenanted mixed-use income producing property with 17 different tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,637 SF
Building Class
C
Year Built
1958
Price
$2,700,000 CAD
Price Per SF
$253.83 CAD
Cap Rate
5.03%
NOI
$135,810 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.21 AC
Zoning
C5 - Commercial
Parking
5 Spaces (0.47 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 10
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65-85 E Nanaimo Av E
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