Industrial Facility w/ NNN Tenant
Description
This property is listed for an online auction. For more information and to review documents, visit https://fre.com/424D16.
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
- Ad Type: Offering
real estate | houses for sale
2023-06-19