for sale â investment property - Colliers Canada
FOR SALE – INVESTMENT PROPERTY 104 Old Vernon Street Enderby, British Columbia Confidential Information Memorandum
Eric Weber AACI (Ret)* *Personal Real Estate Corporation [email protected]
Colliers International 304 546 Leon Avenue Kelowna, BC V1Y 6J6
D) +1 250 861 8106
T) +1 250 763 2300 F) +1 250 763 2304
Centre Group Commercial Realty
PROJECT OVERVIEW Opportunity:
The owner will do a sale with a long term leaseback on a fully leased industrial property, providing an investor with a good return from a solid well established company.
Municipal Address:
104 Old Vernon Street, Enderby BC.
Legal Description:
Part of District Lot 150, as shown on Plan B1295 KDYD
PID:
012-071-897
Location:
The property is located on Old Vernon Street which runs parallel to and 1 block east of Highway 97 in Enderby, BC.
Enderby
Centre Group Commercial Realty
Enderby
The City of Enderby, encompassing 4.22 square kilometers, is located centrally, approximately 500 km (300 miles) from the major cities of Calgary, Alberta, Vancouver, British Columbia, and Spokane/Seattle, Washington. It is accessed by Highway 97A, the north-south provincial connector approximately 35 km (22 miles) north of the City of Vernon and approximately the same distance southeast of Salmon Arm, BC. A significantly smaller city than either of the latter, Enderby provides/offers shopping, recreational, cultural, educational and other facilities/services. The 2011 population is given as 2,932 people, a 3% increase from the 2006 figure of 2,843 with a current trading area population of some 6,800.
Centre Group Commercial Realty
Site Details:
The site is a rectangular lot with 193’ of frontage by a depth of 225’ containing approximately 1 acre and zoned I-2 General Industrial. Can be suited for a variety of uses including; retail sales of heavy equipment and machinery, service and repair, storage, contracting, manufacturing, etc.
Improvements:
Industrial Building: -Built in 2 sections, wood frame with approx. 13-14 foot ceilings, the second section is steel post and beam with 18-19 foot ceilings. -Gas forced air and gas radiant heat -5 grade level loading doors accessed from a graveled and secured yard -8,764 square feet plus an approximate 480 square foot mezzanine Residence: -Older 2 bedroom caretaker’s residence, approximately 882 square feet
Property Taxes:
$12,067 for 2014
Tenant:
The Tenant, CNC Manutech, is a machine shop, metal manufacturing operation. It is very well established having been in business for some 35 years and under the current ownership for more than 20 years. The business has consistently been profitable and has annual sales of approximately $1,700,000 with a solid three figure net income.
Centre Group Commercial Realty
Lease:
CNC would sign a 10 year triple net lease with 2 options of 5 years each, with a base rent of $57,750 per annum. The lease will have a provision whereby the landlord will build an addition or second building, if required by the tenant, with the rent being the same rate of return to the landlord. The tenant would facilitate the construction process so as to provide the landlord with a carefree investment.
Price:
$775,000 (7.5% return)
Summary:
This is an opportunity for an investor to obtain a solid asset that is a carefree investment with a very good return from a long term well established and highly profitable company. Appointment absolutely required to view; no contact with tenant.
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising therefrom. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2013 All rights reserved.
Centre Group Commercial Realty
PHOTOS
Centre Group Commercial Realty
ZONING
Centre Group Commercial Realty
Centre Group Commercial Realty
Centre Group Commercial Realty
Centre Group Commercial Realty
Eric Weber AACI (Ret)* *Personal Real Estate Corporation [email protected]
Colliers International 304 546 Leon Avenue Kelowna, BC V1Y 6J6
D) +1 250 861 8106
T) +1 250 763 2300 F) +1 250 763 2304
Centre Group Commercial Realty
PROJECT OVERVIEW Opportunity:
The owner will do a sale with a long term leaseback on a fully leased industrial property, providing an investor with a good return from a solid well established company.
Municipal Address:
104 Old Vernon Street, Enderby BC.
Legal Description:
Part of District Lot 150, as shown on Plan B1295 KDYD
PID:
012-071-897
Location:
The property is located on Old Vernon Street which runs parallel to and 1 block east of Highway 97 in Enderby, BC.
Enderby
Centre Group Commercial Realty
Enderby
The City of Enderby, encompassing 4.22 square kilometers, is located centrally, approximately 500 km (300 miles) from the major cities of Calgary, Alberta, Vancouver, British Columbia, and Spokane/Seattle, Washington. It is accessed by Highway 97A, the north-south provincial connector approximately 35 km (22 miles) north of the City of Vernon and approximately the same distance southeast of Salmon Arm, BC. A significantly smaller city than either of the latter, Enderby provides/offers shopping, recreational, cultural, educational and other facilities/services. The 2011 population is given as 2,932 people, a 3% increase from the 2006 figure of 2,843 with a current trading area population of some 6,800.
Centre Group Commercial Realty
Site Details:
The site is a rectangular lot with 193’ of frontage by a depth of 225’ containing approximately 1 acre and zoned I-2 General Industrial. Can be suited for a variety of uses including; retail sales of heavy equipment and machinery, service and repair, storage, contracting, manufacturing, etc.
Improvements:
Industrial Building: -Built in 2 sections, wood frame with approx. 13-14 foot ceilings, the second section is steel post and beam with 18-19 foot ceilings. -Gas forced air and gas radiant heat -5 grade level loading doors accessed from a graveled and secured yard -8,764 square feet plus an approximate 480 square foot mezzanine Residence: -Older 2 bedroom caretaker’s residence, approximately 882 square feet
Property Taxes:
$12,067 for 2014
Tenant:
The Tenant, CNC Manutech, is a machine shop, metal manufacturing operation. It is very well established having been in business for some 35 years and under the current ownership for more than 20 years. The business has consistently been profitable and has annual sales of approximately $1,700,000 with a solid three figure net income.
Centre Group Commercial Realty
Lease:
CNC would sign a 10 year triple net lease with 2 options of 5 years each, with a base rent of $57,750 per annum. The lease will have a provision whereby the landlord will build an addition or second building, if required by the tenant, with the rent being the same rate of return to the landlord. The tenant would facilitate the construction process so as to provide the landlord with a carefree investment.
Price:
$775,000 (7.5% return)
Summary:
This is an opportunity for an investor to obtain a solid asset that is a carefree investment with a very good return from a long term well established and highly profitable company. Appointment absolutely required to view; no contact with tenant.
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising therefrom. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2013 All rights reserved.
Centre Group Commercial Realty
PHOTOS
Centre Group Commercial Realty
ZONING
Centre Group Commercial Realty
Centre Group Commercial Realty
Centre Group Commercial Realty
Centre Group Commercial Realty
