HM Commercial Realty is pleased to present a fully tenanted 11,786 SF building in the heart of the City of Penticton.
- Fully leased income producing property with Grant Thornton as anchor tenant
- Rent escalations provide rising income
- Corner location in Downtown core with alley access
- Walkable to restaurants, stores and Lake Okanagan
- Low operating costs make this an attractive choice for tenants
- Future upside potential through redevelopment and densification
- C5 Zoning offers Max FAR of 6.0 and height up to 36 metres (10-12 storeys)
- Price reflects $284/sf of GLA
- Non-Disclosure agreement required to obtain rent roll
- Title to Property held by a bare trust (purchase of these shares could save Buyer $80,750 in PTT)
PRICE: $3,425,000 (5.5% Cap Rate, increasing to 5.8%)
99 Padmore Avenue East, Penticton, BC, Canada
99 Padmore Avenue E,
||LOT A DISTRICT LOT 202 SIMILKAMEEN DIVISION YALE DISTRICT PLAN KAP81818
||99 Padmore Avenue is located on the corner of Ellis Street and Padmore Avenue. Just 5 minutes to downtown Penticton, this property is well situated to grocers, shopping, restaurants, and professional services. It is also just 5 minutes to Okanagan Lake Beach!
||0.138 acres (6,011 SF)
||C5 Urban Centre Commercial
|Future Land Use
E. & O. Insurance. The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.
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