Investment Property with Strong Yield Powell River, BC

• 7% Yield on Actual with immediate upside from existing improvements
• 4.46 Acres providing additional development potential and short term lease opportunities
• Excellent Highway Exposure
• Strong National Tenants with solid leases
• Well Maintained Improvements
• Owner Managed Mini Storage Facility
• Single Family Home with 2 suites - great for on-site manager or owner
• Recent Phase II Environmental
• Data Room available with NDA

Colliers and Pacific Mergers and Acquisitions are jointly offering for sale an established and well-located property that has primarily been developed as a multi-tenant facility offering:

• Retail gas bar (Canco)
• Propane sales (Superior Propane)
• Card lock fuel sales (Parkland/Columbia). 

In addition to these three tenanted operations, the property also includes:

• 72 individual storage units in 4 separate buildings, and 
• Single-family home with 2 suites.

Both the storage units and the home are owned and operated by the current Vendor.  

Offering additional expansion potential, long term leases and high-quality national tenants, this property is an excellent investment opportunity with a current yield of 7%. 

Additional immediate income generation is possible through the leasing of a newly constructed auto service bay, in addition to open yard storage for RVs, boats, equipment etc.  

Powell River is a popular Sunshine Coast community that is expected to see renewed growth with the future development of the former Tis’kwat Mill site.  Offering an excellent lifestyle and a range of natural amenities, Powell River has solid long term potential and advancing momentum. 

Please contact Alan L. Johnson at Colliers or Jessica Craig and Sunbelt Business Brokers Pacific Inc.  for more information.