3100 35 Street,

Vernon, British Columbia V1T9H4

$2,300,000

COMMERCIAL STRIP MALL- Fabulous INVESTMENT OPPORTUNITY Right in the heart of the "City Centre District" lye this pristine 9900 SF multi-tenant building with great street appeal spanning 363of road frontage on 35th St. C-4 Street- Oriented Commercial. 10 separate demised units 9 Ground commercial and 1, 2nd floor unit*. 7 good, long term tenants, one tenant has three units. All triple net term leases with strong tenant mix mostly service orientated. The building produces a *6%+ CAP rate with the commercial mix. Pride of ownership is very evident in this extremely well cared for building and property. Effective age is +- 23 years with remaining economic life at 36-41 years. All maintenance is/has been performed on a scheduled basis. (Detailed records available). the building has a stable and diverse tenant mix made up of mostly services businesses with little exposure to retail ups and downs. The building is in the heart of City Centre District (District 1) City Centre is a mix of commercial and small lot residential development with some medium density residential development. People are drawn to the area for work, shopping, community events and recreational opportunities. signed NDA required for info Pac and detailed rent roll (id:3942)
ID# 10240011
Courtesy of RE/MAX Kelowna

Listed on: September 10, 2021

On market: 14 days
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Year Built 1991
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