49.85395 -119.58998

2900 East Boundary Road, Westbank, BC V4T 2H2

280972602 49.85395 -119.58998 3144 /listing/280972602-150122831/2900-east-boundary-road-westbank-bc-v4t-2h2 False 0 4290000.0 20444 101 10215445 False
  • $4,290,000
  • 20444 sqft sqft
  • under 1 acre lot

Property & Neighborhood Info

Courtesy Of Coldwell Banker Horizon Realty

Commercial in Westbank

A rare investment opportunity to purchase a 5 unit, 2 storey light industrial zoned development in central West Kelowna. Built in 2010, with over 19,000sqft of floor area, the McDougall Auto Centre is nearly 100% leased. 4 of the 5 units are currently leased, one has a nationally recognized tenant. Current Cap Rate of 4.3%, 5.2% potential once the remaining unit is leased at $12/sq. ft. A fully fenced 2 acre property with an abundance of outdoor customer/staff parking and 10 overhead grade entry garage delivery doors and up to 20' interior ceiling heights and concrete floors. Each unit has independent heating and cooling systems and there's additional development opportunity on site, as well as an option to purchase the 8 acre light industrial lot right next door to this property. Financing options in place with 125yr head lease. (id:7668)

Courtesy Of Coldwell Banker Horizon Realty
  1. 20444 sqft Sq. Ft.
  2. under 1 acre Lot

Main Features

  • Listing Status: Active
  • Subdivision: Westbank Centre
  • MLS® Number:10215445

Additional Features

  • Utilities Available:
    • Sewer
  • Neighborhood:
    • Westbank Centre
  • Board:
    • Okanagan-Mainline Real Estate Board
  • Transaction Type:
    • For sale
  • Alt Listing ID:
    • 10215445
  • Community Name:
    • The Auto Centre
  • Ownership Type:
    • Leasehold
Neighborhood info courtesy of Homes.com © 2020
Anthony Bastiaanssen
Anthony Bastiaanssen
Associate
103 - 2205 Louie Drive West Kelowna BC V4T 3C3
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