- Prop. Type:
- Industrial, Office
- Build. Type:
- Freestanding
Don't miss out on this fantastic opportunity to capture both passive income and subdivision potential! This property is located in a prime location of Powell River, the biggest city and adventurer's paradise on the Sunshine Coast. Fly from Vancouver only takes 30-40 minutes. 4 flights via Pacific Coastal Airlines and 2 flights via Harbor Air every day. It is comprised of 2 freestanding buildings zoned M1 (General Industrial) with diversified long-term tenants. The current (NOT pro forma) cap rate is over 7%, rare to find nowadays. A piece of land on the back can be subdivided for a residential multifamily development, which is an additional value to be verified by the interested buyers and the seller could assist with it.