9503 Cedar Avenue, Summerland, British Columbia V0H 1Z2

Listed for:
$1,779,000
0 beds
0 baths
Listed 13 days ago
Other for rent: 9503 Cedar Avenue, Summerland, British Columbia V0H 1Z2

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Learn more about this property
Listing provided by:
Engel & Volkers South Okanagan
MLS® number:
10358896
Agent:
Jonathan Wall
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About

Presenting a turnkey investment opportunity with a mixed-use industrial building offering approximately 6440 square feet of space on a .40-acre lot, ideally located on a high visibility corner in the busy and emerging industrial area of Summerland, BC. This versatile property is fully leased to a diverse mix of tenants taking advantage of the flexible zoning for the site which allows a diverse tenant mix beyond just industrial. Built in 2010, this building has been well cared for and will provide its new owners with a low maintenance cash flow investment, perfect for local or out of town investors. Each of the 6 bays has a 12'x10' loading door, 2 piece washroom and a dedicated hot water tank. Equally divided, these units are a great fit for a multitude of businesses and are in a highly desirable size as evidenced by the 100% occupancy rate for several years. This building may be stratified in the future, and currently offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio. (id:27476)

Property Highlights

MLS® Number
10358896
Type
Industrial
Ownership Type
Freehold
Land Size
0.4 ac|under 1 acre
Parking Space Total
11

Building

Building Type
Other
Square Footage
6430 sqft
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location