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Vacant-User

1984 Springfield Road

1984 Springfield Rd, Kelowna, BC V1Y 5V7

Listing Price: $1,100,000

Cap Rate
5.81%
Rentable SF
3,744
Lot Size
0.28 acres
Year Built
1984

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada, Inc. to facilitate the sale of 1984 Springfield Road, Kelowna, BC (the “Subject Property”). The Subject Property is comprised of a freestanding single-tenant Minit-Tune and Brake on a high traffic thoroughfare in the rapidly growing Kelowna market.

Investment Highlights

  • The Subject Property is a convenient 2 minute drive from Harvey Avenue, a high traffic arterial route which sees >50,700 vehicles per day
  • Single-tenant 3,744 SF automotive centre occupied by long-term tenant, Minit-Tune and Brake, on NNN lease
  • Income upside potential in 2022 driven by a lease renewal or option to acquire new tenancy with favourable market rents

Exclusively Listed By

Listing Price: $1,100,000

Cap Rate
5.81%
Rentable SF
3,744
Lot Size
0.28 acres
Year Built
1984

Investment Highlights

  • The Subject Property is a convenient 2 minute drive from Harvey Avenue, a high traffic arterial route which sees >50,700 vehicles per day
  • Single-tenant 3,744 SF automotive centre occupied by long-term tenant, Minit-Tune and Brake, on NNN lease
  • Income upside potential in 2022 driven by a lease renewal or option to acquire new tenancy with favourable market rents

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada, Inc. to facilitate the sale of 1984 Springfield Road, Kelowna, BC (the “Subject Property”). The Subject Property is comprised of a freestanding single-tenant Minit-Tune and Brake on a high traffic thoroughfare in the rapidly growing Kelowna market.

Exclusively Listed By

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