197 Warren Avenue Unit# 102 Penticton, British Columbia V2A 8N8
$999,000
Excellent opportunity to acquire a well-performing commercial strata unit in Penticton. This 4,800 sq. ft. unit is occupied by a stable, long-term tenant who has been in place for over 10 years. A new 5-year escalating lease was signed in November 2025, providing strong and predictable income growth. At the current asking price, the property offers an attractive 6.4% cap rate, which is projected to increase to approximately 7.5% by the end of the lease term. This is a true hands-off investment, as all exterior repairs, maintenance, and common area responsibilities are managed by the strata. Ideal for investors seeking secure cash flow, long-term stability, and minimal management in a prime Penticton location (id:41053)
Property Details
| MLS® Number | 10372408 |
| Property Type | Business |
| Neigbourhood | Industrial Area |
Building
| Type | Other |
Land
| Acreage | No |
| Size Total Text | Under 1 Acre |
https://www.realtor.ca/real-estate/29236286/197-warren-avenue-unit-102-penticton-industrial-area
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January 10 2026 07:51:09
Okanagan-Mainline Real Estate Board
RE/MAX Wine Capital Realty
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Contact the HCM Group
The HCM group is happy to assist in any way possible on the potential purchase or sale of any property here in the Okanagan Valley. With a history dating back to 1911, we know the area like the back of our hands.