Andover Place is a national bank anchored, centrally located, mixed use office building in the heart of downtown Salmon Arm. The offering consists of three contiguous multi-tenanted commercial buildings with an aggregate leasable area of approximately 39,152 SF. The buildings sit on +/- 0.556 acres of C2 zoned land with 22 open and 14 covered parking stalls. Immediate and future upside in the lease rates with strong mix of national, regional, and local tenancies will produce steady income and increase in returns for years to come.

Improvements

The property consists of three separate yet contiguous 2-storey buildings on full lower level retail/office buildings, situated on three separately-titled yet contiguous lots with an indicated aggregate rentable area of ±39,152 sq.ft. (±12,152 sq.ft. main level, ±12,736 sq.ft. upper level, and ±14,264 sq.ft. lower level). The buildings are individually constructed but tied together via easement, parking areas, common entrances and hallways between each building.

Income Producing Property

• Located in downtown Salmon Arm
• National Bank for an anchor tenant
• Strong tenant mix

LOT A SECTION 14 TOWNSHIP 20 RANGA 10 WEST OF THE 6TH MERIDIAN KAMLOOPS DIVISION YALE DISTRICT PLAN 28751, LOT B SECTION 14 TOWNSHIP 20 RANGE 10 WEST OF THE 6TH MERIDIAN KAMLOOPS DIVISION YALE DISTRICT PLAN 28751, LOT 3 SECTION 14 TOWNSHIP 20 RANGE 10 WEST OF THE 6TH MERIDIAN KAMLOOPS DIVISION YALE DISTRICT PLAN 6676

Andover Place is centrally located in the heart of downtown Salmon Arm, just steps from Marine Peace Park and the wharf. It is less than a block away is the Ross Street Plaza which is a vibrant gathering place and home to the Downtown Salmon Arm Farmers Market. City Hall, the School District Office and the Regional District Offices are also located in the downtown core. In a spectacular setting, midway between Vancouver and Calgary, Salmon Arm is strategically situated on the key transportation crossroads of Hwy 1 and 97B. The city is the service centre for the surrounding areas, serving a regional population of approximately 60,000 residents.