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New property listed in Sicamous

I have listed a new property at 1311 Eagle Pass Way in Sicamous.

Property Overview
Address: 1311 Eagle Pass Way Sicamous, BC V0E2V0
Legal: Lot 2, District Lot 497, Plan 27323 KDYD
PID: 004-841-719
Lot Size: 3.38 acres
Building Size: 31,248 square feet
# of units: 13 of varying size
Year Built: 1978 approximately
Taxes: $45,978
Assessed Value: Land-$928,000 Building-$1,352,000

Property Description

Office and Retail Center with great exposure, main anchor tenant is the Bargain Shop. Center has 13 units of varying size with a common lobby area near the center of the building with public restrooms. One story concrete block and wood frame building with 31,248 of gross square feet on 3.38 acres. New owner will want to renovate exterior and upgrade HVAC and electric systems to maximize revenue. Currently there is a good mix of tenants and new renovation will help fill remaining vacant units. Plenty of parking and large paved lot of 67,000 square feet. Current tenants include the Bargain Shop, Parkland Dental Centre, RE/MAX at Mara Lake, Sicamous Public Health Unit, Monashee Chiropractic, Pizza & Pasta Restaurant, Barton Insurance, Eagle Valley News and Janna’s Hair Saloon. Tenants are on gross leases, with new HVAC and electrical system new owner could switch to triple net leases as they renew and expire. Triple net leases will help control costs and improve profits.

Financial statements and analysis available for qualified buyers. Court ordered sale, all offers must be unconditional except for court approval. Consistent rental revenues.

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