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2229 6th Av

7,746 SF 100% Leased Industrial Building Castlegar, BC $1,039,999 CAD ($134 CAD/SF) 8.40% Cap Rate

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Executive Summary

2233 & 2229 6th Ave - Castlegar perfect for INDUSTRIAL DEVELOPERS AND INVESTORS. Outstanding industrial investment opportunity includes two side-by-side industrial properties totaling approximately 0.6334 acres in Castlegar, BC. National tenant with a recently signed lease occupies the 7,529 SF industrial building with3 grade level loading bays and 109% tenant-occupies both properties. Current CAP rate is approx. 8.4% (at ask) but will increase every year with the negotiated escalation in rates through the term of the lease. M1 – Light Industrial zoning provides potential for further densification of the properties through redevelopment for almost 50,000 SF at max FAR and building heights up to 3 stories. The current lease will provide substantial cash flow and holding income until the properties are ready to be further redeveloped.

2229 & 2233 6th Ave - Castlegar, BC - Brochure

Property Facts

Price	$1,039,999 CAD	Property Type	Industrial
Price Per SF	$134 CAD	Lot Size	0.43 AC
Sale Type	Investment	Rentable Building Area	7,746 SF
Cap Rate	8.40%	No. Stories	1
Sale Conditions	Excess Land	Year Built	1975

Price	$1,039,999 CAD
Price Per SF	$134 CAD
Sale Type	Investment
Cap Rate	8.40%
Sale Conditions	Excess Land
Property Type	Industrial
Lot Size	0.43 AC
Rentable Building Area	7,746 SF
No. Stories	1
Year Built	1975