9206 Shale Avenue

5,160 sqft

Outstanding industrial/commercial investment opportunity in Summerland. This 5,160 sq ft mixed-use building on 21,823 sq ft (0.501 acres) is designed like a duplex, with two commercial units plus a top-floor caretaker residence (4,693 sq ft commercial + 467 sq ft residential). Unit 102 is currently occupied by Crush Dynamics at a base rent of $3,322.50/month on a triple-net basis, with estimated additional rent recoveries of $4.25/sq ft (~ $11,296.50/year), while Unit 101 is vacant and available for lease or owner occupancy. The caretaker suite generates an additional $700/month , bringing current base rental income to $4,022.50/month ($48,270/year). The vacant commercial unit provides immediate flexibility for an owner-user or the opportunity to increase rental income through a new tenancy. Two front-facing 14’H x 12’W bay doors and 19’ ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear. Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility. (id:67517)

• Property Details

  MLS® Number	10362006
  Property Type	Industrial
  Neigbourhood	Main Town

• Building

  ConstructedDate	2010
  CoolingType	Central Air Conditioning
  ExteriorFinish	Other
  FireProtection	Security System
  HeatingType	Forced Air
  RoofMaterial	Asphalt Shingle
  RoofStyle	Unknown
  SizeInterior	5,160 Sqft
  Type	Other
  UtilityWater	Municipal Water

• Land

  Acreage	No
  CurrentUse	Industrial
  Sewer	Municipal Sewage System
  SizeIrregular	0.5
  SizeTotal	0.5 Ac|under 1 Acre
  SizeTotalText	0.5 Ac|under 1 Acre

• Rooms
• Utilities