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2900 East Boundary Road,
Westbank Centre Westbank V4T2H2

$4,290,000
Industrial

Main Photo: 2900 East Boundary Road, in Westbank: Industrial for sale : MLS®# 10215445
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Status:
Active
Prop. Type:
Industrial
MLS® Num:
10215445
Build. Type:
Other
A rare investment opportunity to purchase a 5 unit, 2 storey light industrial zoned development in central West Kelowna. Built in 2010, with over 19,000sqft of floor area, the McDougall Auto Centre is nearly 100% leased. 4 of the 5 units are currently leased, one has a nationally recognized tenant. Current Cap Rate of 4.3%, 5.2% potential once the remaining unit is leased at $12/sq. ft. A fully fenced 2 acre property with an abundance of outdoor customer/staff parking and 10 overhead grade entry garage delivery doors and up to 20' interior ceiling heights and concrete floors. Each unit has independent heating and cooling systems and there's 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:2493)
Property Type:
Industrial
Size Interior:
20,444 sq. ft.
Transaction Type:
For sale
Ownership Type:
Leasehold
Community:
Westbank Centre, The Auto Centre
Building Type:
Other
Utilities:
Sewer - Available
Fireplace:
No
Acreage:
No
Lot Size:
under 1 acre
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Listed by Coldwell Banker Horizon Realty
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Data was last updated October 24, 2020 at 03:45 PM (UTC)
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