#201 3115 SKAHA LAKE Road,

Penticton, British Columbia V2A6G5

$1,200,000

Excellent opportunity for investors, end users or a combination of both. This well maintained 7072 sq. ft. office space resides in a steel and concrete strata titled building located on high profile Skaha Lake Road Penticton BC. There are 72 parking stalls to accommodate employee and customer needs. Currently the space is divided into two units and fully tenanted. The main tenant occupies 6000 sq ft at a base rate of $7 a sq ft which is approximately 50% below market and expires March 2024. The other tenant pays $29 a sq ft as a gross lease. Massive potential to reconfigure into smaller spaces for multiple tenants. Office space is in high demand in the South Okanagan as there has been no new construction offices based on build costs and market lease rates. $170 cost per sq ft for land and building is extremally attractive as replacement cost would be significantly higher. (id:3942)

ID# 198131

Floorplans

Virtual Tour

Courtesy of RE/MAX Penticton Realty
Listed on: March 09, 2023

On market: 18 days