99 Padmore AvenueE
Penticton
Update on 2023-07-04 10:05:04 AM
$ 3,350,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1979
YEAR BUILT
Fully leased, 1,206 SF, income producing property with Grant Thornton as anchor tenant. Rent escalations provide rising income. Corner location in Downtown core with alley access. Walkable to restaurants, stores and Lake Okanagan. Low operating costs make this an attractive choice for tenants. Future upside potential through redevelopment and densification. C5 Zoning offers Max FAR of 6.0 and height up to 36 metres (10-12 storeys). Price reflects $278/SF of Gross Leasable Area. 5.7% Cap Rate increasing to 6.0% over the lease terms. Non-Disclosure agreement required to obtain rent roll. Title to Property held by a bare trust (purchase of these shares could save Buyer $80,750 in PTT).
COMMUNITY | PE - Main North |
TYPE | Residential |
STYLE | |
YEAR BUILT | 1979 |
SQUARE FOOTAGE |
BEDROOMS | |
BATHROOMS | |
BASEMENT | |
FEATURES |
GARAGE | No |
PARKING | |
ROOF | |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
EXTERIOR
Broker
Unison HM Commercial Realty
Agent