406-121 5th Avenue

For Sale | Office | ± 1,100 SQFT | $698,800
Overview

Attention investors! Here’s your opportunity to own a hassle-free investment in a stunning new office building located in the heart of Downtown Kamloops. This property comes with the added benefit of a reliable tenant who is already three years into a five-year lease, with an option to renew for an additional five years, providing you with stability and peace of mind. The property offers an attractive holding income with an approximate 5.5% capitalization rate, making it a solid addition to your investment portfolio. The office space itself is beautifully designed and finished, featuring a spacious boardroom, three private offices, and a kitchenette.

For added convenience, underground parking is available at an additional cost. Situated in the vibrant and bustling core of Downtown Kamloops, this location is surrounded by amenities, making it an ideal spot for businesses. Don’t miss out on this excellent investment opportunity!

+/- 1,100 SQFT of Office Opportunity

  • Long Term Tenant Already in Place
  • Reception
  • Boardroom
  • Three Private Offices
  • Kitchenette
  • Underground Parking Available

Details
Status

For Sale

Address

406-121 5th Avenue, Kamloops,
Canada

Size

± 1,100 SQFT

Type

Office

Price

$698,800

Property Taxes

$3,281.12

PID

031-664-989

Zoning

CBD

Legal Description

STRATA LOT 85 DISTRICT LOT 232 KAMLOOPS DIVISION YALE DISTRICT STRATA PLAN EPS6908 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V

Location

Downtown Kamloops, British Columbia, is a vibrant and dynamic hub that serves as the heart of the city. Nestled at the confluence of the North and South Thompson Rivers, Kamloops is renowned for its stunning natural surroundings, rich history, and thriving cultural scene. As both a commercial and cultural center, Downtown Kamloops is also experiencing rapid residential growth. With new developments, revitalized spaces, and communitydriven initiatives, the area continues to evolve to meet the needs of its growing population while maintaining its welcoming, community-oriented atmosphere.

Downtown Kamloops is well-connected and offers convenient transit options, making it easy to navigate the city and access nearby areas. Transit exchange hub is located aproximatly 400 meters away.


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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.