For Lease · Specialty

304 Martin Street Unit# 101/102, Penticton

304 Martin Street Unit# 101/102, Penticton, BC V2A5K4

$15 per sq ft / yr

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

82%

Year Built

1965

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 304 Martin Street Unit# 101/102, Penticton.

NDA required
  • 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.