2900 East Boundary Road, Westbank, British Columbia V4T 2H2
$4,290,000
***5.9% Cap Rate - Current, 6.2% - Future*** A rare investment opportunity to purchase a 5 unit light industrial zoned development in Westbank, BC. Built in 2010, with over 19,000sq.ft. of floor area, the McDougall Auto Centre has all 5 units fully leased. One unit is leased to a nationally recognized tenant. A fully fenced 2 acre property with 52 outdoor customer/staff parking stalls and 11 grade entry overhead doors (ten 12' high and one 14' high). Up to 20' interior ceiling heights and concrete floors. Each unit has independent heating and cooling systems and there is additional development opportunity on site, as well as an option to purchase the 8-acre light industrial lot right next door to this property. Financing options in place with 125yr head lease. (id:25164)
Property Details
| MLS® Number | 10215445 |
| Property Type | Industrial |
| Neigbourhood | Westbank Centre |
| Community Name | The Auto Centre |
Building
| Size Interior | 20444 Sqft |
| Type | Other |
Land
| Acreage | No |
| Size Total Text | Under 1 Acre |
https://www.realtor.ca/real-estate/22391979/2900-east-boundary-road-westbank-westbank-centre
Interested?
Contact us for more information
Robert A. Wood
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8
(250) 860-7500
(250) 868-2488
Gillian Krol
www.GoldilocksEstates.com
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8
(250) 860-7500
(250) 868-2488
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Okanagan-Mainline Real Estate Board
Coldwell Banker Horizon Realty
January 29 2021 01:38:39
