Commercial Real Estate in Penticton available for sale
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Research & Development Property for Sale near Penticton

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Industrial Properties for Sale Within of Penticton

More details for 559 Okanagan Av E, Penticton, BC - Industrial for Sale

559 Okanagan Av E

Penticton, BC V2A 3K4

  • Industrial for Sale
  • $4,000,000 CAD
  • 17,442 SF

Penticton Industrial for Sale

Excellent income opportunity with this fully leased industrial investment property. Property is leased to a long-term secure tenant, Slimline Manufacturing, who has been in business since 1950 and has resided in this location for 34 years. Current 10 year lease term runs until May 29, 2028 with 2 renewal options of 5 years remaining. Cap rate on current rents is approx. 5.20% with future potential to earn a mid-6% cap. Same property owner since 1990, and the building has been well maintained and updated. 0.62 acre corner site with secure fenced yard and 1 below grade loading dock. 17,442 SF building comprised of 15,684 SF main floor warehouse and 1,758 SF 2nd floor office, large staff room, and washrooms. 24 on-site parking spaces along Okanagan Avenue and Dartmouth Road. Property is zoned M1 General Industrial. Located in the main industrial area of Penticton, at the corner of Dartmouth Rd and Okanagan Ave. The property is close to Canadian Tire, Home Hardware, Walmart & Safeway Grocers. The property is also down the street from Penticton Regional Hospital and the proposed 10+ acre multi-use development at 1704 Government Street, which will create 1,500 residential homes, plus office and retail space.

Contact:

HM Commercial Group

Property Subtype:

Manufacturing

Date on Market:

2024-03-25
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LoopNet Canada British Columbia Research & Development Properties For Sale in Penticton, BC, Canada

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Research & Development Properties for Sale in Penticton

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How many research & development properties are available for sale in Penticton?
There are currently 1 research & development properties available for sale in Penticton, offering a unique opportunity for businesses to establish a presence.
How big are the research & development properties available for sale in Penticton?
The average size of research & development properties available for sale in Penticton is about 17,442 SF. The largest research & development properties available to buy is 17,442 SF and the smallest is 17,442 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for research & development properties in Penticton?
The average market cap rate for research & development properties for sale is about 5.20% based on data provided in Penticton. Learn more about how cap rates are calculated.
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