Double Digit Cap Rate 23,583 Sf Retail/Office Bldg
$2,499,000
235 Front Street, Tumbler Ridge, BC V0C 2W0, Canada
339,000
NOI
23,583 sqft
Building Size
Details:
Description:
FRE Auctions & JLL are pleased to present the Online Auction Plus® event (allows for conditions) for a high yield, major value-add two-story retail and office building in the growing downtown core of Tumbler Ridge in northeastern British Columbia.
Property Highlights
• High-yield retail/office building in Northern B.C.
• Located in the downtown core of Tumbler Ridge with prominent exposure and accessibility
• Well-maintained building on a high-traffic corner
• Leasable Area: Ground Floor ±12,632 SF Second Floor ±10,951 SF
• Lot:±18,278 SF
Investment Highlights
• In-Place NOI: $339,000
• Occupancy: 76%
• Revenue upside through rent increases and term extensions with existing tenants
STARTING BID:
$2,499,000
PREVIOUS LIST: $3,250,000
Documents:
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Investment Flyer
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Location
Gallery
