5,160 sqft

$1,588,000

Outstanding industrial/commercial investment opportunity in Summerland. This 5,160 sq ft mixed-use building on 21,823 sq ft (0.501 acres) is designed like a duplex, with two commercial units plus a top-floor caretaker residence (4,693 sq ft commercial + 467 sq ft residential). Unit 102 is currently occupied by Crush Dynamics at a base rent of $3,322.50/month on a triple-net basis, with estimated additional rent recoveries of $4.25/sq ft (~ $11,296.50/year), while Unit 101 is vacant and available for lease or owner occupancy. The caretaker suite generates an additional $700/month , bringing current base rental income to $4,022.50/month ($48,270/year). The vacant commercial unit provides immediate flexibility for an owner-user or the opportunity to increase rental income through a new tenancy. Two front-facing 14’H x 12’W bay doors and 19’ ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear. Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10362006
  Property Type	Industrial
  Neigbourhood	Main Town

• Building

  Constructed Date	2010
  Cooling Type	Central Air Conditioning
  Exterior Finish	Other
  Fire Protection	Security System
  Heating Type	Forced Air
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Size Interior	5,160 Sqft
  Type	Other
  Utility Water	Municipal Water

• Land

  Acreage	No
  Current Use	Industrial
  Sewer	Municipal Sewage System
  Size Irregular	0.5
  Size Total	0.5 Ac|under 1 Acre
  Size Total Text	0.5 Ac|under 1 Acre