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.