276 Victoria Street

For Sale | Office | ± 23,349 SQFT | $7,200,000
Overview

This is an exceptional chance to acquire a high profile commercial building with two A+ long term tenants. The building is anchored by Scotiabank and situated in the most prime area of downtown Kamloops. This commercial building offers investors a good return on their investment plus future upside on rent in booming Kamloops. The building has approximately 23,349 SQFT of leasable area over three floors with 28 underground parking stalls. The building is strategically located at the intersection of Victoria and 3rd Ave in downtown Kamloops, making it a very walkable and desirable location for both tenants and customers alike. Kamloops is among the five fastest growing metropolitan areas in Canada!

Bank-Anchored Building

  • Newly Reduced Price
  • 28 Underground Parking Stalls
  • Corner Lot Location
  • Long Term Tenants with Renewals
  • Extremely Well Positioned Building in Downtown Kamloops

Details
Status

For Sale

Address

276 Victoria Street, Kamloops,
Canada

Size

± 23,349 SQFT

Type

Office

Price

$7,200,000

Property Taxes

$118,015

PID

003-814-165

Zoning

CBD

Legal Description

LOT 1 DISTRICT LOT 232 KAMLOOPS DIVISION YALE DISTRICT PLAN 31096

Location

The Third Largest City in British Columbia
Kamloops is the third largest city in British Columbia, with an estimated population of 106,664 in 2023. In 2012, the population of Kamloops was 88,523. Kamloops has grown by 1.77% annually. Residents enjoy a relaxed lifestyle with a warm climate and over 2,000 hours of sunshine annually. Its desert plateaus, lush river valleys, pine forests, lakes, and mountains provide a beautiful backdrop to the outdoor recreational activities of its residents. The city also has the highest concentration of golf courses per capita in Canada, and is a haven for Canada’s nature lovers, families, business professionals, and adventure-seekers.

Kamloops enjoys a diverse economy without relying on one sector to facilitate steady growth. Some firms in the city are over 125 years old, while other businesses in finance, technology, and healthcare are relatively new. The lifestyle, proximity, and economic conditions allow them to flourish while providing employment opportunities for newcomers to set down roots. Kamloops’ education and hands-on training to continue to grow with its post-secondary institutions.


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Marianne DeCotiis
Marianne DeCotiis

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.