Why be tied up in a GIC when alternatively you could invest & hold a recently updated commercial real estate property with a 4.50% CAP RATE on Middleton Mountain Vernon! Great location in a very popular 12 unit commercial strata complex with 2273 sqft of space. Multiple access points from Waddington Drive and 11th Ave, including a dedicated back lane to the bay area. Plus, the light industrial zoning offers a multitude of future usage. Current lease in place until October 15, 2027 with optional dual 3-year term extensions. Call us today for more information on this next investment into your portfolio! (id:4069)
Address
740 Waddington Drive Unit# 11
List Price
$640,000
Property Type
Industrial
Type of Dwelling
Other
Area
British Columbia
Sub-Area
Vernon
Floor Area
2,273 Sq. Ft.
Year Built
1987
Maint. Fee
$656.34
MLS® Number
10340287
Listing Brokerage
RE/MAX Vernon Salt Fowler
Postal Code
V1T9E9
Features
Corner Site, Irregular lot size, Sloping
