Lease to Own
Address
2900 East Boundary Road, Westbank, BC
Price
$ 4,290,000
Property Attributes
  • MLS#10215445
  • TypeCommercial
  • CityWestbank
  • NeighbourhoodWestbank Centre
  • Postal CodeV4T 2H2
  • Style
  • Price$ 4,290,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20444
Listing Provided Courtesy Of:
Coldwell Banker Horizon Realty
Property Description

***5.9% Cap Rate - Current, 6.2% - Future*** A rare investment opportunity to purchase a 5 unit light industrial zoned development in Westbank, BC. Built in 2010, with over 19,000sq.ft. of floor area, the McDougall Auto Centre has 4 of the 5 units currently leased, with the vacant unit now under contract. One unit is leased to a nationally recognized tenant. A fully fenced 2 acre property with 52 outdoor customer/staff parking stalls and 11 grade entry overhead doors (ten 12' high and one 14' high). Up to 20' interior ceiling heights and concrete floors. Each unit has independent heating and cooling systems and there is 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:27)

Price History
9/22/2020 Listed $4,290,000

General Features

Building Type Other
Garage no
Listing Type Commercial
Neighbourhood Westbank Centre
Parking no
Property Type Industrial
Terms SALE
Wheel Chair Access no

Interior Features

Fireplace no

Exterior Features

Pool Y/N no

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V4T 2H2

Price
AVG $4.29M
$4.29M
Visits
AVG 56
55

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