260 Okanagan AvenueE
MLS® Number: 10340022
$ 3,795,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1960
YEAR BUILT
Presenting a prime investment opportunity with a mixed-use industrial building offering approximately 33,784 square feet of space on a .678-acre lot, ideally located at the corner of Okanagan and Camrose Avenue in Penticton BC, just a few blocks from Main Street. This versatile property is currently utilized for self-storage, space rentals, and warehouse purposes, providing multiple revenue streams under one roof. The current tenant, who has already invested over $1,174,000 in building improvements since 2021—including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and more—has expressed readiness to sign a long-term, 10-year triple net lease. This setup offers a stable, hands-off income opportunity with minimal management responsibility, backed by a reliable, committed tenant. The proposed lease rate offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio.
COMMUNITY | |
PROPERTY TYPE | |
BUILDING TYPE | |
STYLE | |
YEAR BUILT | 1960 |
SQUARE FOOTAGE | 0 |
BEDROOMS | 0 |
BATHROOMS | 0 |
BASEMENT | |
AMENITIES | |
APPLIANCES | |
COOLING | Central Air |
FIREPLACE | N/A |
FLOORING | |
HEATING | |
LAUNDRY | |
LOT FEATURES | |
PARKING | |
RESTRICTIONS | |
ROOF | Unknown |
TITLE | |
BROKER | Engel & Volkers South Okanagan |
ROOMS | DIMENSIONS (m) | LEVEL |
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