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

An established and well-located property that has primarily been developed as a multi-tenant facility, this 4.5 acre site includes the following tenants:

• 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 for more information or execute a DIGITAL NDA. Please note that NDA's must be executed by potential Purchaser's and all requested fields must be completed.