2800 29 Street, Vernon, British Columbia V1T 9P9
$3,650,000
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 |
Building
| Constructed Date | 1995 |
| Size Interior | 14004 Sqft |
| Type | Offices |
| Utility Water | Municipal Water |
Land
| 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 |
https://www.realtor.ca/real-estate/25807238/2800-29-street-vernon-city-of-vernon
(250) 308-7842
104 - 2800 29 Street
Vernon, British Columbia V1T 9P9
(250) 503-3477
(250) 549-7007
www.globalwestcommercial.com
www.globalwestcommercial.com
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July 07 2023 10:28:06
Okanagan-Mainline Real Estate Board
RE/MAX Commercial Solutions