LOADING

290 Waterloo Avenue, Penticton, British Columbia V2A 7N3

Acreage

$3,150,000

290 Waterloo Ave is a turnkey secure storage compound on 1.52 acres with 68 secured vehicle pads, plus 2 rental buildings of 2,835 SF and 1,823 SF. Zoned M1 Industrial, all city services and completely paved. Currently there is a triple net lease in place for $9,625 per month which comprises 40% of the total area. The Projected revenue is $283,000 per year with projected NOI of $225,000 representing a 7% CAP rate. This is a new facility due for official opening in the spring of 2022. Adjacent property located at 360 Waterloo Ave is also for sale for $7,260,000 comprising 244 unit brand new mini storage complex on 2.18 acres. The two properties combined are priced at $10,200,000. (id:36827)

Business

Business Type Industrial
Business Sub Type Industrial

Property Details

MLS® Number 192711
Property Type Industrial
Neigbourhood Main North
Amenities Near By Airport
Features Visual Exposure

Building

Type Other
Utility Water Municipal Water

Land

Acreage Yes
Land Amenities Airport
Sewer Municipal Sewage System
Size Irregular 1.52
Size Total 1.52 Ac
Size Total Text 1.52 Ac

Utilities

Sewer Available

https://www.realtor.ca/real-estate/24011010/290-waterloo-avenue-penticton-main-north

Interested?

Contact us for more information


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John Green
Personal Real Estate Corporation

(250) 486-4282
www.teamgreen.ca

RE/MAX Penticton Realty
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5

(250) 492-2266
(250) 492-3005

Keith Jakes
Personal Real Estate Corporation

(250) 492-2266

RE/MAX Penticton Realty
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5

(250) 492-2266
(250) 492-3005

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