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$550,000 total
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Asset Class
Industrial
Size
—
Building class
B
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
94%
Lot Size
0.33 ac
Clear height
22 ft
Loading docks
5
Set in the heart of Oliver's industrial area, this fully fenced, flat 0.33-acre lot is ready to put to work. Rolling gates give easy access for equipment of any size, and a separately fenced front area could serve as customer parking. The Quonset sits on a concrete slab with double overhead bay doors and a car lift already installed, so mechanics, contractors, and car enthusiasts can roll in and get straight to work. Inside, a reception area doubles as a potential small retail space, and an upper loft adds handy storage while keeping the shop floor clear. There's still plenty of yard left over for storage, parking, vehicles, or future expansion. Zoned M1 General Industrial, with easy access and just minutes to Oliver's shops, services, and amenities. The two adjoining lots, 117 Fir Ave and 5908 Hemlock St, are also for sale and could be purchased together and amalgamated for approximately 1.5 acres. Industrial lots with a shop and lift already in place don't come along often in the South Okanagan. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$34K
Annual cash flow
$4K
Cash-on-cash
2.26%
DSCR
1.12
Going-in cap
6.22%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
115,797
Households
54,471
Median income
$98,000
Median age
45.8
Daytime population
180,796
5-yr growth
0.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 147 FIR Avenue, Oliver.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.