Standalone Industrial Building +/-1.52 acres - 270 Waterloo Avenue

Penticton , BC V2A 7N3

Penticton , BC, V2A 7N3, CA
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FOR SUBLEASE NNN Property
Property Type:
Industrial
Cap Rate:
0.00%
Last Verified:
Sep 23, 2024

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Quality industrial building on +/-1.52 acres located strategically close to the Channel Parkway in Penticton, BC. Stand-alone building includes amain floor of +/-6,965 SF and a +/-1,245 SF second floor featuring offices and storage areas. Main floor has a large, open shop area designedfor servicing large commercial vehicles with +/-24 FT ceilings and 2 oversized, overhead doors that allow drive-thru capabilities, an oversizedroom used as a spray booth with its own overhead door, offices, showroom and washrooms. Yard is secure with full security fencing. Entry to theproperty from one of 4 gates, one each on Waterloo Ave, & Huth Ave and 2 on the laneway to the east of the property. Easy access to theChannel Parkway/Highway 97 via Fairview Rd at a signalized intersection. Will consider leasing options for different aspects of the property.Basic Rent values escalate through the term.

Map of Penticton , BC, V2A 7N3, CA

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.