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I have sold a property at Unit #121, 2203 DARTMOUTH Drive in Penticton

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Posted in Penticton Real Estate

I have sold a property at Unit #121, 2203 DARTMOUTH Drive in Penticton on Jun 10, 2019. See details here

Brand new commercial/industrial complex with high visibility and unique C7 zoning that allows retail in the industrial zone. Phase 2 is the remaining 4 strata units ranging in size from 1277 sq/ft to 1600 sq/ft. The building is fully serviced with city sewer and water. Dartmouth Rd is a main artery to the Wiltse Flats and Evergreen residential areas with up to 800 additional lots planned for development. The building is a combination of tilt-up concrete and wood frame with gas/electric HVAC units, 12ft x 14ft overhead doors and 16ft+ ceiling heights designed for additional mezzanine space . Each unit has handicap washroom. Good Investment potential as there is a high demand for lease space and could show a 6% cap rate return. Seller will consider sale and lease back. Exterior finishing to be completed early 2019.

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