141 Shuswap Street NW, Salmon Arm

141 Shuswap Street NW, Salmon Arm | $1,099,000

Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 5.7% cap rate at current rates that escaltes over 6%. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio.

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Description

Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 5.7% cap rate at current rates that escaltes over 6%. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio.

General Info

MLS Listing ID: 10400786	Bedrooms: 0	Bathrooms: 0	Year Built: 0
Parking: N/A	Heating: Other	Lotsize: 0.11 ac\|under 1 acre	Air Conditioning : Central air conditioning