9503 Cedar Av - Warehouse FOR SALE


Summerland, BC V0H 1Z2
$1,799,000 CAD
9503 Cedar Av, Summerland, BC for Sale
$1,799,000 CAD
Warehouse - FOR SALE
1/1
null | 5.08% Cap Rate

9503 Cedar Av
Summerland, BC V0H 1Z2


OVERVIEW

Incredible opportunity to acquire an income producing industrial property in Summerland! This 0.4-acre site features one building, constructed in 2011, consisting of 6,430 square feet. There are 6 versatile units, each of which feature a washroom, 12’ x 10’ overhead door, loading bay, and a ceiling mounted gas-fired heater. Tenants have access to 11 on-site, non-reserved parking stalls along with available street parking. The building has been meticulously maintained by the original ownership group. These desirable small bay industrial units are a great source for passive income in a market that experiences very low vacancy rates.

FOR SALE DETAILS

PRICE

$1,799,000 CAD

PRICE/SF

$280 CAD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48

LAND SF

20,759

ZONING

-

APN/PARCEL ID

007-732-201

ASK ABOUT THIS PROPERTY

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