290 Waterloo Avenue, Penticton, British Columbia V2A 7N3
$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
John Green
Personal Real Estate Corporation
www.teamgreen.ca
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
Keith Jakes
Personal Real Estate Corporation
#101-3115 Skaha Lake Rd
Penticton, British Columbia V2A 6G5
(250) 492-2266
(250) 492-3005
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April 05 2022 11:14:31
Okanagan-Mainline Real Estate Board
RE/MAX Penticton Realty