260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7

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Retail
THB ฿91,629,118
CAD $3,795,000
Published on: 05 Apr 2025
Last updated on: 10 Apr 2025
260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7
260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7
260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7
+26
260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7
  • 26
Property ID: 310098475173
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260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7
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 2021including the installation of an elevator, upgraded electrical systems, fire suppression, accessible washrooms, and morehas 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.

Property Details

Basic Info

Property Type
Retail
Address
260 Okanagan Avenue E, Penticton, British Columbia V2A 3J7
Contact Agent
Engel & Völkers South Okanagan
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      Property ID: 310098475173

      Original Property ID: EDENI-105631839
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