599 Powwow Trail, Kamloops, BC - Income Producing Government Tenanted Building

Income Producing Government Tenanted Building

599 Powwow Trail, Kamloops, BC, V2H 1H1

Price:
$2,250,000

Property Description

HM Commercial Group is pleased to present this valuable opportunity to invest in an income-producing government tenanted building on First Nations land in Kamloops.

599 Powow Trail is situated on Tk‘emlúpsemc lease land at the corner of Powwow Trail and Shuswap Road with visibility from the Yellowhead Highway.

The building offers 6,995 SF of leasable area on 1.02 acres. The current sub-sub tenant, Her Majesty the Queen (Government of Canada/RCMP), is secured on a 10 year term with two 5 year renewals, providing security in investment.

The sub-sub tenant pays rent in the sum of $180,000 per year ($15,000 per month) plus operating and management costs of $10,500 per month. (6.4% Yield)

The property is secured with a 49 year Land Lease with Kamloops Indian Band (KIB)/Kamloops Indian Band Development Corp (KIBDC), expiring Nov 30, 2065. The Annual Lease is $36,600 (bi-annual payments of $18,300).

599 Powwow Trail, Kamloops, BC, Canada

Additional Information

Municipal Address 599 Powwow Trail, Kamloops, BC, V2H 1H1
Legal Description Lot 166 Plan 3403R Land District 25
PID 902-504-738
Location Details 599 Powow Trail is situated on Tk‘emlúpsemc lease land at the corner of Powwow Trail and Shuswap Road with visibility from the Yellowhead Highway. It is positioned among a number of other commercial businesses including a gas station and convenience store, Tim Hortons, and a car wash.
Building Area 6,995 SF
Land Area 1.02 acres
Parking Ample on-site parking
Lease Term Land lease is $36,600 Annually (Bi-Annual payments of $18,300), expiring November 30, 2065

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.