C 5000 New

Description:

FULLY TENANTED ~ This fully tenanted 5000 sq.ft commercial building is located in the downtown core of Revelstoke. The Rental space is divided into three units, which is completely occupied by two long-term tenants. One tenants is a government services office and the other is a high-tech firm operating out of two units. The property is managed by a local property management firm, making the investment hands-off for the owner. At the current list price, the property returns a cap rate of 6.45% and an ROI of 12.58% when equity is considered. This is a very well kept commercial building, in a community with under 1% commercial vacancy.

Features:

  • 5000 Sq, Ft. of rental space
  • 100% occupied
  • Great long term tenants
  • 6.45% caprate at current list price
  • Very well maintained
  • Downtown location


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Listing Details:

MLS #: 10191089
Price: $ 995,000
Taxes & Tax Year: 18,639.00
Possession:  Immediate
Construction Year: 1977
Construction Notes: Approximate
Lot Size: 100' x 100'
Zoning: C1
Water: City
Sewer: City
516 Second Street West
Revelstoke, British Columbia
V0E 2S0 See it on a map

Tyler Bradbury

Sales Representative
Mobile: (250) 814-7679
tyler@revelstoke-realty.com