275 Okanagan Avenue E, Penticton, British Columbia

About 275 Okanagan Avenue E

Industrial Property with Self-Storage Opportunity | Penticton **Asking price: $1,750,000** Located at 275 Okanagan Avenue East, this approximately 10,392 sq. ft., two-storey industrial building sits on a fully fenced, approximately 0.50-acre site in an established Penticton industrial area. The property includes commercial and office space, a self-storage facility and a fenced yard. The second floor is partially improved for office and staff use. The sellers are prepared to enter into a **proposed five-year lease with Rencon**, with a target return of **6.5%** at the asking price. The proposed annual net rent is $113,750, subject to finalizing the lease and confirming the allocation of property expenses. The purchaser may also elect to acquire the self-storage business as part of the purchase, with no separate asking price, or the business may remain with the current owners. The lease and storage-business arrangements will depend on the purchaser’s choice and final agreement. The property presents an opportunity for an investor or a buyer interested in an industrial property with a self-storage operation. (id:6289)

More Info on this Industrial Area Residential Commercial Mix MLS® listing

275 Okanagan Avenue E is a residential commercial mix listing for sale in Penticton. The MLS® number is 10404533. It covers 10,392 square feet. It's currently listed for $1,750,000. For more details on MLS® 10404533, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This residential commercial mix listing in Industrial Area is available now!

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