Two Kamloops commercial buildings sold for $1.8M
The properties total 89,056 square feet of commercial space situated on 60,000 square feet of land
Copyright © Western Investor
Two commercial buildings in Kamloops have sold for $1.8 million, NAI Commercial tells Western Investor.
The two commercial properties have long-term tenants in place for secure holding income or potential for redevelopment into residential upon rezoning. The buildings total 89,056 square feet, including manufacturing and retail space. The property has a high capitalization rate of 7.8 per cent and was listed for $1.95 million.
The properties are located at 904, 918 – 990 Victoria St., Kamloops.
Lot Size: 60,000 SF
Property Type: Retail
Name of Brokerage: NAI Commercial
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