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Single-Tenant Industrial

945 Laval Crescent

945 Laval Crescent, Kamloops, BC V2C 5P4

Listing Price: $5,600,000

Cap Rate
4.45%
Gross SF
30,000
Price/Gross SF
$186.67
Lot Size
1.60 acres
Year Built
1975
Rentable SF
30,000

Investment Overview

We are pleased to present for sale 945 Laval Crescent, Kamloops, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for an investor to acquire a single-tenant industrial building in Kamloops operating on a NNN lease with immediate upside by in way of current below-market rents and upcoming expiry and possible renewal (June 2023). Situated on a 1.60 acre site in the highly sought after Southgate Industrial area of Kamloops, the Subject Property consists of a 30,000 SF building comprised of warehouse/cold storage, and ancillary office space. The Subject Property is entirely utilized by Federated Co-operatives operating as TGP Wholesale, who have occupied the site since 1987.

Investment Highlights

  • Single-tenant, industrial investment property operating on a NNN lease.
  • 30,000 SF building comprised of warehouse/cold storage on a 1.60 acre lot situated in the highly sought after, low vacancy market of Southgate Industrial area of Kamloops.
  • Four loading doors: One at grade (12' x 14'), three at dock (8' x 10'), and 13' - 17' ceilings.
  • Secured by Federated Co-operatives Limited (FCL) operating as The Grocery People, which delivers fresh groceries to independent and corporate retail stores, restaurants and other food establishments across Western Canada. FCL resides in over 620 communities in Western Canada and boasted over $9.1 Billion in sales for 2021.
  • Opportunity for immediate upside to be realized by in way of upcoming expiry and possible renewal in June 2023 as current rents are below-market ($8.30/SF).
  • Located in the heart of Kamloop's strong industrial hub, Southgate, one of Kamloop's busiest industrial areas.
  • Highly accessible location with efficient access to Notre Dame Drive, an essential corridor with connectivity to the Trans-Canada Highway.

Exclusively Listed By

Single-Tenant Industrial

945 Laval Crescent

Listing Price: $5,600,000

Cap Rate
4.45%
Gross SF
30,000
Price/Gross SF
$186.67
Lot Size
1.60 acres
Year Built
1975
Rentable SF
30,000

Investment Highlights

  • Single-tenant, industrial investment property operating on a NNN lease.
  • 30,000 SF building comprised of warehouse/cold storage on a 1.60 acre lot situated in the highly sought after, low vacancy market of Southgate Industrial area of Kamloops.
  • Four loading doors: One at grade (12' x 14'), three at dock (8' x 10'), and 13' - 17' ceilings.
  • Secured by Federated Co-operatives Limited (FCL) operating as The Grocery People, which delivers fresh groceries to independent and corporate retail stores, restaurants and other food establishments across Western Canada. FCL resides in over 620 communities in Western Canada and boasted over $9.1 Billion in sales for 2021.
  • Opportunity for immediate upside to be realized by in way of upcoming expiry and possible renewal in June 2023 as current rents are below-market ($8.30/SF).
  • Located in the heart of Kamloop's strong industrial hub, Southgate, one of Kamloop's busiest industrial areas.
  • Highly accessible location with efficient access to Notre Dame Drive, an essential corridor with connectivity to the Trans-Canada Highway.

Investment Overview

We are pleased to present for sale 945 Laval Crescent, Kamloops, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for an investor to acquire a single-tenant industrial building in Kamloops operating on a NNN lease with immediate upside by in way of current below-market rents and upcoming expiry and possible renewal (June 2023). Situated on a 1.60 acre site in the highly sought after Southgate Industrial area of Kamloops, the Subject Property consists of a 30,000 SF building comprised of warehouse/cold storage, and ancillary office space. The Subject Property is entirely utilized by Federated Co-operatives operating as TGP Wholesale, who have occupied the site since 1987.

Exclusively Listed By

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