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Leased Industrial Facility w/Secure Yard

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  • Penticton, BC
    Canada
  • Auction #424-1
    Commercial Property
  • Interior Space:
    ± 4,502 SF
  • Lot Size:
    ±12,807 SF
  • Transaction Fee:
    3% (Min $25,000)
  • Broker
    Co-op:
    1.25%

Commercial Property For Sale in Penticton, BC

Leased Industrial Facility w/Secure Yard

357 Okanagan Ave E, Penticton, BC V2A 8N3

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 fully-leased industrial building with a secured yard in Penticton, BC.

Property Highlights:

  • Newly signed 5-year lease - NNN basis
  • Solid passive investment opportunity
  • NOI: $78,000 (Year 1)
  • Total Annual Basic Rent - $78,000 (Year 1) - $87,789.69 (Year 5)
  • Additional Annual Rent - $10,020 (Year 1)
  • 2-level industrial building totaling 4,502 SF
  • Total lot size: 0.294 Acres
  • Zoning: M1 - General Industrial and allows a multitude of uses
  • Taxes: $6,955 (2021)
  • Two entrance gates - one to the east of the property allows access to the main yard and one to the west which allows drive-up access to the lower level of the building
  • Penticton Demographic Stats: Population of 36,885 (2021), $68,000 Median HH Income (2021)

Downloadable Documents

Property Information

Auction Information

User Access Form

Vault


  • Last Updated Dec 28

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.

Contingencies may be included with your bid

BID DEADLINE:   16 Feb 5:00 pm PST
Minimum Bid: CAD $699,000
Previous List Price:CAD $1,550,000
Required bid deposit: CAD $1,000
Auction Plus bids are sealed (not displayed).
days
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Auction Ended
Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
Kris McLaughlin Property Representative MCL Real Estate Group P: (250) 870-2165 E: kris@mclrealestate.ca http://mclrealestate.ca
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Commercial Property For Sale in Penticton, BC
Leased Industrial Facility w/Secure Yard
357 Okanagan Ave E
Penticton, BC V2A 8N3
Canada
Auction # 424-1

Contingencies may be included with your bid

Bid Deadline:
16 Feb 5:00 pm PST
Minimum Bid
CAD $699,000
Previous List Price
CAD $1,550,000
Required bid deposit
CAD $1,000
Auction Plus bids are sealed (not displayed).
  • Penticton, BC
    Canada
  • Property Type:
    Commercial Property
  • Interior Space:
    ± 4,502 SF
  • Lot Size:
    ±12,807 SF
  • Transaction Fee:
    3% (Min $25,000)
  • Broker Co-op:
    1.25%
Property Description

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 fully-leased industrial building with a secured yard in Penticton, BC.

Property Highlights:

  • Newly signed 5-year lease - NNN basis
  • Solid passive investment opportunity
  • NOI: $78,000 (Year 1)
  • Total Annual Basic Rent - $78,000 (Year 1) - $87,789.69 (Year 5)
  • Additional Annual Rent - $10,020 (Year 1)
  • 2-level industrial building totaling 4,502 SF
  • Total lot size: 0.294 Acres
  • Zoning: M1 - General Industrial and allows a multitude of uses
  • Taxes: $6,955 (2021)
  • Two entrance gates - one to the east of the property allows access to the main yard and one to the west which allows drive-up access to the lower level of the building
  • Penticton Demographic Stats: Population of 36,885 (2021), $68,000 Median HH Income (2021)
Downloadable Documents
User Access Form
Vault
Property Viewing

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

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.

Contact Us
Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
Kris McLaughlin Property Representative MCL Real Estate Group P: (250) 870-2165 E: kris@mclrealestate.ca http://mclrealestate.ca
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.