20
$535,000 Sale
Listed 67 days ago
1350 St Paul Street Unit# 102
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· 967
Key Facts
Key facts for 1350 St Paul Street Unit# 102
Property Type
Commercial
Parking
Garage: No, 0 parking
MLS #
10396878
Size
967 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
$394.20/mo
Description
Turnkey income investment in the heart of downtown Kelowna. This 967 SF strata unit is leased to an established hair salon on a 5-year triple net lease (commencing June 1, 2026, with a 5-year renewal option), providing immediate, stable cash flow with built-in 3% annual rent escalations. In-place in...come of $26,669.86/year ($27.58/SF, NNN) reflects a cap rate of approximately 5% at the list price of $535,000. Tenant has one reserved parking stall in the buildings parking garage. A low-maintenance, hands-off investment with a strong downtown location and a proven, established tenant. (id:10452)
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Listing courtesy of: Coldwell Banker Horizon Realty
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