275 Okanagan Avenue E

Price$ 1,750,000 | | CityPenticton

Industrial Property with Self-Storage Opportunity | Penticton **Asking price: $1,750,000** Located at 275 Okanagan Avenue East, this approximately 10,392 sq. ft., two-storey industrial building sits on a fully fenced, approximately 0.50-acre site in an established Penticton industrial area. The property includes commercial and office space, a self-storage facility and a fenced yard. The second floor is partially improved for office and staff use. The sellers are prepared to enter into a **proposed five-year lease with Rencon**, with a target return of **6.5%** at the asking price. The proposed annual net rent is $113,750, subject to finalizing the lease and confirming the allocation of property expenses. The purchaser may also elect to acquire the self-storage business as part of the purchase, with no separate asking price, or the business may remain with the current owners. The lease and storage-business arrangements will depend on the purchaser’s choice and final agreement. The property presents an opportunity for an investor or a buyer interested in an industrial property with a self-storage operation. (id:64460)

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Property Specifications
Full Address:
275 Okanagan Avenue E, Penticton, British Columbia
Price:
$ 1,750,000
MLS Number:
10404533
List Date:
October 26th, 2026
Neighbourhood:
Industrial Area
Square Footage:
10392 sq.ft.
Lot Size:
0.5 ac
Interior Features
Building Features
Foundation:
Insulated Concrete Forms
Roof:
Metal, Other, Unknown
Exterior:
Wood, Metal
Floors
Finished Area:
10392 sq.ft.
Land
Lot Size:
0.5 ac
Current Use:
Mixed use
Neighbourhood Features
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Steven Harvey Office: Business Finders Canada Data provided by: Association of Interior REALTORS®

About the Area

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