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825 Westminster Av W
1,332 SF of Retail Space Available in Penticton, BC V2A 1L1
Highlights
- Excellent Signage Opportunities
- Ample Parking
- Central Location
- Highway Access
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 1,332 SF | Negotiable | $33.78 CAD/SF/YR $2.82 CAD/SF/MO $363.60 CAD/m²/YR $30.30 CAD/m²/MO $3,750 CAD/MO $44,995 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 1
Best suited for automotive services, this site provides an exceptional opportunity for a new or existing business to take advantage of high value traffic signage opportunities. The main entry has a modest reception area leading into +1300sf of open space complimented by 2 single overhead doors and 1 double overhead door. A utility room and washroom complete the unit. The exterior of the site allows for ample parking to accommodate automotive and related services; additionally, other service uses may be available upon review with the City of Penticton. Additional interior and exterior leasable storage space can be made available as well.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- 4 Loading Docks
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 825 Westminster Av W , Penticton, BC V2A 1L1
| Property Type | Retail | Gross Leasable Area | 4,000 SF |
| Property Subtype | Auto Repair | Year Built | 1975 |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 4,000 SF |
| Year Built | 1975 |
Nearby Major Retailers
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Nick Renton -
Jeff Brown -
William Wright Commercial
Presented by
825 Westminster Av W
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