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$15 per sq ft / yr
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Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
82%
Year Built
1965
Prime location, downtown Penticton ground floor office, retail or personal service space for lease! This 1st floor, 1,111 sqft space is set up with entrance/common area, 5 private rooms, 2 sinks. This space would be a perfect doctors office, hair dresser, or this can be used as an office with the main space as a reception area. For lease at $15/sqft on the corner of Martin Street and Nanaimo Ave W., this convenient location is close to all downtown amenities, city parking, restaurants, coffee shops, banks, Court House, City Hall, parks and beaches. The property is Zoned C5, the most flexible City of Penticton Commercial zoning. This would be the perfect space for any small business, law office, Doctor’s office, accounting firm, counselling office and many more usages as well. The additional rent is $7.50/sqft which includes the utilities for the space. The buildings second floor is serviced with an elevator. Don’t miss this prime easy access, high-profile location opportunity. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$0
Projected NOI
$1
Annual cash flow
$-0
Cash-on-cash
-0.25%
DSCR
0.99
Going-in cap
5.47%
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
42,966
Households
17,976
Median income
$114,000
Median age
34.7
Daytime population
39,702
5-yr growth
1.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 304 Martin Street Unit# 101/102, Penticton.
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.