275 Okanagan Avenue East

Sitting on a well-positioned 0.50-acre site, this two-storey building blends commercial storefront, functional industrial/office space, and a fully secured self-storage facility – all within one income-producing asset.

This industrial investment property in Penticton's established industrial district is offered with a proposed new five-year lease to Rencon, subject to final lease terms.

• 6.5% Target Cap Rate – Based on proposed annual net rent of $113,750 ($9,479.17 monthly) and an asking price of $1,750,000.

• Flexible Space – Ideal for industrial, commercial, or office use, with zoning supporting continued mixed-use operation.

• Half-Acre Lot – 0.50-acre site with secure yard, ample parking, and excellent access.

Property Overview

Main Floor (5,376 sq. ft.)

• Below-grade retail/commercial area at front of building – ideal for showroom, light industrial use, or tenant rental.

Second Floor (5,016 sq. ft.)

• Configured primarily as office space, with current use including storage and employee living quarters.

• Features a kitchenette, one 2-piece washroom, and one 3-piece washroom.

Self-Storage Facility

The property includes 80 self-storage units. The purchaser may elect to acquire the storage business as part of the transaction, or the business may remain with the current owners/Rencon, subject to final purchase and lease terms. No separate asking price has been established for the storage business.