$4,950,000
Lake Country
10564 Powley Court, Lake Country, British Columbia, V4V1V5
This retail property in Lake Country is for sale offering roughly 18,000 sq ft of space.
This in a AAA Commercial Real Estate investing Opportunity with a great CAP rate and return! There are 2 solid tenants paying Basic Rent plus all operating costs. The asking price reflects a realistic CAP rate (return rate) for a building of this type and offers the Investor a very stable and growing cash flow return on investment. The property is .65 Acres located directly facing Highway 97 for excellent visibility with 164 feet of Highway frontage. It is a 2010 built AAA Commercial quality building which is approximately 18,000 Sq ft plus a 4700 Sqft Parking garage. There is ample surface parking, a cul-de-sac with street parking and easy access to get in and out via the highway with both a left and right turn off the highway then though an easy round-a-bout avoiding lights and delays. Timely maintenance, painting and upgrades to HVAC etc have been done as required and the building shows very well. (id:66096)
Long Listed: 398 days on market, against an average age of 112 days across the listings currently for sale in this city
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