6203 Willow Av - Hospitality FOR SALE


Summerland, BC V0H 1Z4
$9,900,000 CAD
250-878-7417
6203 Willow Av, Summerland, BC for Sale
$9,900,000 CAD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

6203 Willow Av
Summerland, BC V0H 1Z4


OVERVIEW

Being offered is this unique investment opportunity with two diversified income streams. This offer consists of the Summerland Motel which has 31 motel units and the SunOka Apartments which has 25 rental suites. These two properties are adjacent to each other and are on separate titles. Each property has its own access, there is a gate between the properties for emergency access. In 2021 the current owners redeveloped an existing motel into a motel and an apartment complex, the result is two independent businesses, owned by one company. If you are looking for an Okanagan opportunity with exceptional cash flow, this is well worth adding to your list! GBA IS APPROX. CONFIRM IF IMPORTANT

FOR SALE DETAILS

PRICE

$9,900,000 CAD

PRICE/SF

$330 CAD /SF

# OF ROOMS

31

PRICE/ROOM

$319,355 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerland Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

CH / RHD

APN/PARCEL ID

031-662-269,031-662-277

ASK ABOUT THIS PROPERTY

Larry BerisoffRE/MAX KelownaMore Info
250-878-7417

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Larry BerisoffRE/MAX KelownaMore Info
250-878-7417

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