About this home
Extremely well located, fully rented industrial building with excellent street frontage. All tenants are long term tenants with escalating leases in place. CAP rate comes in at current rents at a comfortable 5%. NDA must be signed to view current leases. This is a very well maintained building of just under 10,000 square feet has 3 established tenants. Most tenants have been in this building for over 10 years.
Highlights & things to check
Highlights
- Fully rented, with three established tenants, per the listing.
- Most tenants have been in the building for over 10 years, with escalating leases in place, per the listing.
- Per the listing, the cap rate at current rents is 5%.
- Sits on a 0.47-acre lot with just under 10,000 square feet of building, per the listing.
- Penticton Regional Hospital is 700 m away and the town centre is 1.9 km away.
Things to check
- Current leases are available only after signing an NDA, so ask to see them and review terms and expiry dates.
- Confirm with the City of Penticton that the zoning permits your intended industrial use.
- Ask for the actual annual property taxes and operating costs before relying on the listed cap rate.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 2025 Government Street
Neighbourhood scores
9.1 / 10Walk & bike score: 6.7 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Property details
- Price
- $2,995,000
- MLS® number
- 10386033
- Property type
- Commercial · Other · Industrial
- Lot size
- 0.47 acres · 0.47
- Community
- Industrial Area, Penticton
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Listing information is provided by Coldwell Banker Horizon Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.