Property Details
INDUSTRIAL WITH YARD FOR SALE
Asking Price:
$3,200,000
4320 29th Street, Vernon
Description:
Convenient central Vernon location! 19,657± leasable sf on a 1.19ac± [51,630sf±] lot, Zoned: I1 Light Industrial and built in 1974, Income-generating industrial with 7 bay doors, Abundant onsite parking, Entire roof replaced with IKO torch system in 2015, Offered at $3,200,000 ($163/sf± of leasable area) Asking price will result in a 7.3% cap if net rents climb to an average of $11.80/sf! All below market leases expire in 2023 so current below market income of $136,108± (only $6.92/sf) can be adjusted to market rents quickly!
Download PDF BrochureCount on Corporate Accord Realty to provide you with the service you expect for your Kelowna Commercial Real Estate investment, lease and sale requirements. We also serve the entire Okanagan.
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