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100% NNN-Leased Commercial Building in Downtown
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Vernon, BC
Canada -
Auction #416-1
Commercial Property -
Interior Space:
± 17,940 SF -
Lot Size:
±0.21 acres -
Transaction Fee:
3%
Commercial Property For Sale in Vernon, BC
100% NNN-Leased Commercial Building in Downtown
3306 - 30th Avenue, Vernon, BC V1T 2C8RE/MAX Commercial Properties and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus Event (allows for contingencies) for a leased ±17,940 SF two-storey commercial building in downtown Vernon, BC.
Vernon is situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley, one of the most desirable regions to live in. The Okanagan Valley is known for its diversity, mild winter climate, and long warm summers. It is home to over 350,000 people. While agriculture has traditionally been the main economic engine of the area, the economy has experienced growth in construction, tourism, and manufacturing over the past few decades.
Vernon enjoys excellent transportation linkages, being easily accessible by air, rail, and road networks. The Kelowna International Airport, Canada's tenth largest airport, is located just 25 minutes from downtown Vernon. It offers direct flights to various destinations, including San Francisco, Seattle, Vancouver, Toronto, Calgary, Edmonton, and Victoria. Additionally, CN Rail has made a significant investment in the region by taking over operations of the branch line from Lumby, through Vernon, to their main line in Kamloops. (source: City of Vernon)
Property Highlights:
- ±17,940 SF building (includes ±5,980 SF basement)
- Prominent commercial building with main floor retail space and 2nd-floor office space
- Current tenant on a triple net lease (NNN lease)
- Current Rent: $131,200 yearly (NNN lease, not including applicable taxes)
- Excellent opportunity for an investor or owner-occupier (single or multiple tenants)
- Long-term tenant in place (40+ years occupying the building)
- Large retail space on the first floor and second-floor office space with a boardroom, offices, and kitchenette
- Grade-level loading dock and interior freight elevator
- 12 on-site parking stalls
Location Highlights:
- Less than 30 mins from the Kelowna International Airport
- Situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Kelowna
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Contingencies may be included with your bid
How to Buy
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Vernon, BC V1T 2C8
Canada
Contingencies may be included with your bid
-
Vernon, BC
Canada -
Property Type:
Commercial Property -
Interior Space:
± 17,940 SF -
Lot Size:
±0.21 acres -
Transaction Fee:
3%
RE/MAX Commercial Properties and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus Event (allows for contingencies) for a leased ±17,940 SF two-storey commercial building in downtown Vernon, BC.
Vernon is situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley, one of the most desirable regions to live in. The Okanagan Valley is known for its diversity, mild winter climate, and long warm summers. It is home to over 350,000 people. While agriculture has traditionally been the main economic engine of the area, the economy has experienced growth in construction, tourism, and manufacturing over the past few decades.
Vernon enjoys excellent transportation linkages, being easily accessible by air, rail, and road networks. The Kelowna International Airport, Canada's tenth largest airport, is located just 25 minutes from downtown Vernon. It offers direct flights to various destinations, including San Francisco, Seattle, Vancouver, Toronto, Calgary, Edmonton, and Victoria. Additionally, CN Rail has made a significant investment in the region by taking over operations of the branch line from Lumby, through Vernon, to their main line in Kamloops. (source: City of Vernon)
Property Highlights:
- ±17,940 SF building (includes ±5,980 SF basement)
- Prominent commercial building with main floor retail space and 2nd-floor office space
- Current tenant on a triple net lease (NNN lease)
- Current Rent: $131,200 yearly (NNN lease, not including applicable taxes)
- Excellent opportunity for an investor or owner-occupier (single or multiple tenants)
- Long-term tenant in place (40+ years occupying the building)
- Large retail space on the first floor and second-floor office space with a boardroom, offices, and kitchenette
- Grade-level loading dock and interior freight elevator
- 12 on-site parking stalls
Location Highlights:
- Less than 30 mins from the Kelowna International Airport
- Situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Kelowna
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.