Davis Place
Kamloops , British Columbia
Building
Stats
- Property Type Office - Office Building, Retail - Street Retail
- Building size (SF) 19,917
- Size (Ac) 0.24
- Price $5,780,000 CAD
Overview
Avison Young is pleased to market for sale Davis Place, located at 246 2nd Avenue, Kamloops, BC (the “Property”). Located in the heart of downtown Kamloops, this fully leased office-retail building features long-term covenant tenants, stable cash flow and long-term development potential. The Property consists of 19,917 square feet of net rentable area, great capital upgrades completed by the current ownership and has been professionally managed and well-maintained. This is a remarkable opportunity for an investor to acquire a turnkey commercial asset offering a good yield with stable peace of mind tenants.
Highlights
Located in the heart of downtown Kamloops
Professionally managed and well-maintained building
Superb capital upgrades completed by the current ownership
Future long-term development potential (up to a 8.0 FSR)
Long-term stable tenants
Held in a bare trust - opportunity to save on PTT
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