Commercial Building In Oliver- 8% return For Sale

Description

Exceptional Investment Opportunity - Highway 97, OliverAn outstanding investment opportunity located on high-visibility Highway 97 in Oliver, offering stable income and strong long-term fundamentals. This well-maintained commercial property features a diversified tenant mix of office and retail users, supported by multiple anchor tenants that provide the majority of rental income and long-term stability.Three anchor tenants occupy over 80 percent of the leasable space, ensuring consistent occupancy and reduced vacancy risk. The remaining space consists of six smaller office units, accommodating a range of professional and service-based tenants.Property Details.Total building area of approximately 8,000 sq. ft.Approximately 6,800 sq. ft. of leasable space.Fully tenanted with a balanced mix of long-term occupants.The building has benefited from numerous upgrades completed over the past 20 years, resulting in strong infrastructure quality and reduced ongoing maintenance requirements.Investment Profile.The property generates an attractive capitalization rate of approximately 8 percent, making it suitable for investors seeking stable cash flow and solid returns within a growing South Okanagan market.This is a strong income-producing asset with established tenancy, high visibility frontage, and long-term investment stability.