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2800 29 Street,, Vernon, British Columbia V1T 9P9 (25807238)


2800 29 Street, Vernon, British Columbia V1T 9P9

14004 sqft


Investment Property. Downtown Vernon. Office/Retail Building with 3 commercial tenants. One is a Strong, Long Term National Tenant. 7 year Lease term, triple net, ending October 31, 2027. One retail bike store as well as a Real Estate Brokerage. Total current Income is $258,894.85 with a Net Operating Income of $191,694.85. Substantially renovated. Rent escalation is in place for all leases. CAP rate with current asking price is 5.25 (id:42365)

Property Details

MLS® Number 10279431
Property Type Office
Neigbourhood City of Vernon
Amenities Near By Shopping, Public Transit
Community Features High Traffic Area
Features Central Location, Corner Site, Visual Exposure, Flat Site
Road Type Paved Road


Constructed Date 1995
Size Interior 14004 Sqft
Type Offices
Utility Water Municipal Water


Access Type Easy Access
Acreage No
Land Amenities Shopping, Public Transit
Sewer Municipal Sewage System
Size Total Text Under 1 Acre
Zoning Type Commercial Mixed Use

Graysen Marsh

(250) 308-7842
RE/MAX Commercial Solutions
104 - 2800 29 Street
Vernon, British Columbia V1T 9P9

(250) 503-3477
(250) 549-7007


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