250 Winnipeg St - Retail FOR SALE


Penticton, BC V2A 5M3
$8,888,000 CAD
778-476-8500
250 Winnipeg St, Penticton, BC for Sale
$8,888,000 CAD
Retail - FOR SALE
1/2
null | 6.47% Cap Rate

250 Winnipeg St
Penticton, BC V2A 5M3


HIGHLIGHTS

  • Fully leased to an Established tenant
  • Strategic Location
  • Secure and Stable Income

OVERVIEW

Recent price reduction from $9,207,000 to $8,888,000 N.R.E. Newmark Real Estate Canada Limited (“Newmark Canada”) and Royal LePage Kelowna (“Royal LePage”), as exclusive listing agent on behalf of Churchill Iron Plaza Penticton Inc. (the “Vendor”), is proud to present the opportunity to acquire a ±23,487 square foot retail asset located at 250 Winnipeg Street, Penticton, BC (“Iron City Square”, the “Property” or “Offering”). Built in 2012, the Property is 100% leased until October 31, 2032 to Landmark Cinemas of Canada Inc. (“Landmark” or the “Tenant”), a leading Canadian movie theatre chain that operates in 40 locations across the country. Purpose-built for Landmark, 250 Winnipeg Street is a state-of-the-art facility that caters to the movie-going customer and is renowned for its high-quality service, comfortable seating, and cutting-edge technologies. Iron City Square offers an upscale experience with 4 spacious auditoriums, comfortable seating, and an array of modern amenities.

FOR SALE DETAILS

PRICE

$8,888,000 CAD

PRICE/SF

$378 CAD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iron City Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C-5

APN/PARCEL ID

028-909-101

ASK ABOUT THIS PROPERTY

Bart VanstaalduinenNewmark CanadaMore Info
778-476-8500

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Bart VanstaalduinenNewmark CanadaMore Info
778-476-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.