$5,250,000

10564 Powley Court, Lake Country

Lake Country North West, Lake Country, BC V4V1V5

18,000 sq ft · Commercial

Listed by RE/MAX Vernon

About this property

This in a AAA Commercial Real Estate investing Opportunity. There are 2 solid tenants paying Basic Rent plus all operating costs. The asking price reflects a realistic CAP rate (return rate) for a building of this type and offers the Investor a very stable and growing cash flow return on investment. The property is .65 Acres located directly facing Highway 97 for excellent visibility with 164 feet of Highway frontage. It is a 2010 built AAA Commercial quality building which is approximately 18,000 Sq ft plus a 4700 Sqft Parking garage. There is ample surface parking, a cul-de-sac with street parking and easy access to get in and out via the highway with both a left and right turn off the highway then though an easy round-a-bout avoiding lights and delays. Timely maintenance, painting and upgrades to HVAC etc have been done as required and the building shows very well. (id:67417)

Property details

Price

$5,250,000

MLS® number

10357526

Property type

Commercial · Retail

Living area

18,000 sq ft

Lot size

0.65 acres · 0.65

Community

Lake Country North West, Lake Country

View on map