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

By
for Western Investor
July 18, 2018





victoria st
 
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. 
 

Breakdown: 

 
Price: $1,800,000
Lot Size: 60,000 SF
Property Type: Retail 
Zoning: C4
City: Kamloops  
Province: B.C.
Name of Brokerage: NAI Commercial 
 

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