2 Okanagan Self-Storage Facilities Okanagan Valley, British Columbia FOR SALE Penticton, BC Vernon, BC Asking Price: $630,000 Two storage facilities offered separately or as a package: Vernon Mini-Storage, Vernon BC ±2.18 Acres, 303 Units, 45 Parking Spaces OK Mini-Storage, Penticton BC ±1.681 Acres, 291 Units, 6 Commercial Units, 56 Parking Spaces Ken Kiers Personal Real Estate Corporation 604 514 6830 kiers@naicommercial.ca Ken Hick 604 514 6821 kenh@naicommercial.ca NAI Commercial 100-20436 Fraser Highway Langley BC V3A 3G2 tel 604 534 7974 fax 604 534 0764 www.naicommercial.ca
Vernon Mini-Storage 5351 & 5357 25 th Avenue Vernon BC 1 the property Here is an opportunity to purchase an established self-storage facility on two separate titles. These properties offer excellent exposure, fronting on busy 25 th Avenue (otherwise known as Okanagan Landing Road), which is a major thoroughfare from downtown to the Okanagan lakefront. The north ends of both properties are easily accessible with exposure to 27 th Avenue. The properties are situated between a McDonald s Restaurant and a Shell Station, and is also next to a shopping centre with tenants such as Buy- Low Foods, Subway, Vantage One Financial, Snap Fitness, and more. The mini-storage facility has a two-bedroom suite, which would serve as an excellent residence for an owner or manager. This opportunity is offered in conjunction with OK Mini-Storage in Penticton BC. The facility can be purchased separately or as a package, an ideal purchase for either a new investor looking to own either one or two self-storage properties or for an existing investor (or company) wishing to re-locate or semi-retire while continuing to build equity and receive cash flow. OFFICE HOURS 8:30 am - 12:00 pm 1:00 pm - 5:00 pm Mon-Sat (Closed Sundays) GATE ACCESS HOURS 7:00 am -10:00 pm Mon - Sun Reduced Asking: $3,250,000
Vernon Mini-Storage 5351 & 5357 25 th Avenue Vernon BC 1 property details Lot 1, DL 66, Osoyoos Division, Yale District, Plan 34310 PID: 002-997-193 ±1.485 Acres Legal Lot A, DL 66, Osoyoos Division, Yale District, Plan 29779 PID: 004-187-091 ±0.70 Acres Vernon Mini-Storage could be easily re-arranged to occupy only the larger of the two parcels, leaving the opportunity to develop commercial construction on the smaller parcel, or perhaps the possibility to spin the smaller parcel off. Improvements 8 single-story concrete block construction, drive-up, self-storage buildings 2-story frame office/residence Duroid shingle roofs ±303 storage units (±29,500 sf) ±1100 sf office plus 2 bedroom suite Zoning C-11 Commercial 2011 Tax Assessment 5351 25 th Avenue $594,000 2011 Taxes $9062.25 5357 25 th Avenue $1,174,800 2011 Taxes $18,336.01
Vernon Mini-Storage 5351 & 5357 25 th Avenue Vernon BC 1 financials CURRENT Estimated Current Gross Income $318,000 Seller Income Guarantee* $ 55,000 Guaranteed Gross Income $373,000 Estimated Expenses $108,000 Net Operating Income $265,000± FULLY OCCUPIED Potential Gross Income $466,000 Estimated Expenses, if full (35%) $163,000 Net Operating Income, if full $303,000± *Seller will guarantee gross income of up to $373,000/annum for up to two years. Terms and conditions apply. Ken Kiers Personal Real Estate Corporation 604 514 6830 kiers@naicommercial.ca Ken Hick 604 514 6821 kenh@naicommercial.ca NAI Commercial 100-20436 Fraser Highway Langley BC V3A 3G2 tel 604 534 7974 fax 604 534 0764 www.naicommercial.ca
Tax Report - 5357 25TH Avenue Record Updated - 05/24/2011 Jurisdiction 233-VERNON - CITY OF Roll Number 03887105 Property ID 002-997-193 Property Addr 5357 25TH AV Municipality ON-CITY OF VERNON Board Code Neighborhood 009-OKANAGAN LANDING & BELLA VIST Area Sub Area More PID's Gross Taxes Water Conn Owner(s) 1 Name & Address ** NOT AVAILABLE ** Owner Name & Mailing Address Information Owner(s) 2 Name & Address 101-380 INDUSTRIAL AVE E PENTICTON BC V2A 8K7 Legal Information Plan # Lot Block Dist Lot Land Dist Section Township Range Meridian 34310 1 66 41 Legal Description PL 34310 LT 1 DL 66 LD 41 Land & Building Information Width Depth Lot Size 64700 ACRES Land Use Actual Use BCA Description WAREHOUSE MINI Zoning BCAA Data Updated - 05/24/11 Total Value Information Actual Totals Municipal Taxable Totals School Taxable Totals Land $934,200 Gross Land $934,200 Gross Land $934,200 Improvement $240,600 Gross Improve $240,600 Gross Improve $240,600 Exempt Land Exempt Land Exempt Improve $-10,000 Exempt Improve $-10,000 Actual Total $1,174,800 Municipal Total $1,164,800 School Total $1,164,800 Sale History Information Date Price Document # Type of Sales Transaction 07/01/2010 LB395686 REJECT NOT SUITED SALE ANALSIS 07/01/2008 LB225268 REJECT NOT SUITED SALE ANALSIS 09/01/1983 V65034F REJECT NOT SUITED SALE ANALSIS Tax Detail View The enclosed information while deemed to be correct is not guaranteed. 09/26/11 10:26 AM
Tax Report - 5351 25TH Avenue Record Updated - 05/24/2011 Jurisdiction 233-VERNON - CITY OF Roll Number 03887110 Property ID 004-187-091 Property Addr 5351 25TH AV Municipality ON-CITY OF VERNON Board Code Neighborhood 009-OKANAGAN LANDING & BELLA VIST Area Sub Area More PID's Gross Taxes Water Conn Owner(s) 1 Name & Address ** NOT AVAILABLE ** Owner Name & Mailing Address Information Owner(s) 2 Name & Address 101-380 INDUSTRIAL AVE E PENTICTON BC V2A 8K7 Legal Information Plan # Lot Block Dist Lot Land Dist Section Township Range Meridian 29779 A 66 41 Legal Description PL 29779 LT A DL 66 LD 41 Land & Building Information Width Depth Lot Size 30676 ACRES Land Use Actual Use BCA Description WAREHOUSE MINI Zoning BCAA Data Updated - 05/24/11 Total Value Information Actual Totals Municipal Taxable Totals School Taxable Totals Land $584,000 Gross Land $584,000 Gross Land $584,000 Improvement $10,000 Gross Improve $10,000 Gross Improve $10,000 Exempt Land Exempt Land Exempt Improve $-10,000 Exempt Improve $-10,000 Actual Total $594,000 Municipal Total $584,000 School Total $584,000 Sale History Information Date Price Document # Type of Sales Transaction 07/01/2010 LB395687 REJECT NOT SUITED SALE ANALSIS 07/01/2008 LB225267 REJECT NOT SUITED SALE ANALSIS 03/01/1979 $1 P12747F REJECT NOT SUITED SALE ANALSIS Tax Detail View The enclosed information while deemed to be correct is not guaranteed. 09/26/11 10:29 AM
Vernon British Columbia about vernon The City of Vernon is located in the Okanagan Basin of British Columbia s interior, north of Kelowna. Its current population is approximately 36,000, and a primary trading area of 77,000, including the surrounding communities of Coldstream (9,471), Lumby (1,634), Armstrong (4241), Enderby (2,828) and Spallumcheen (4,960). Demographics indicate a good balance between the age groups. No longer is this area only associated with retirees seeking moderate climate. Greater numbers of families and professional people have also discovered the lifestyle benefits of this community. Numerous airlines provide scheduled passenger and cargo services to points throughout British Columbia and Alberta, as well as to Toronto and Seattle, Washington (USA). Vernon offers more than 100 lakes (within a onehour drive), world-class golf, mountain and wellness resorts, great beaches and trails, outstanding mountain biking and family-friendly attractions and festivals. For more information visit: www.vernontourism.com Vernon has a diverse economic base, with employment generated from the traditional resource sectors of forestry and agriculture, as well as from the tourism, administrative, manufacturing and service sectors. With an educated, highly skilled workforce, strong population growth and large availability of commercial and light industrial land, Vernon is an ideal place for both business and residence. The Greater Vernon area is served by the Kelowna International Airport, located approximately 40 kilometers (about a 30-40 minute drive) south on Highway 97. Ken Kiers Personal Real Estate Corporation 604 514 6830 kiers@naicommercial.ca Ken Hick 604 514 6821 kenh@naicommercial.ca The information contained herein has been provided to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. dzb/2mini-storageproperties-vernon&penticton.pptx/27sept2011/kk/kh NAI Commercial 100-20436 Fraser Highway Langley BC V3A 3G2 tel 604 534 7974 fax 604 534 0764 www.naicommercial.ca
OK Mini-Storage 2360 Government Street Penticton BC 2 the property Here is an opportunity to purchase an established self-storage facility in the beautiful Okanagan Valley. The property is located in an industrial area with exposure fronting on Government Street. There is significant residential development directly to the east, south and southwest of the property. The facility also has a one-bedroom suite, wellsuited for an on-site manager. The approximate 0.75-acre parking compound is leased for approximately $1200/month, plus HST. This property is offered in conjunction with Vernon Mini-Storage in Vernon BC. The facility can be purchased separately or as a package, an ideal purchaseforeitheranewinvestorlookingtoowneitheroneortwoselfstorage properties or for an existing investor (or company) wishing to add to their current portfolio. OFFICE HOURS 8:30 am -12:00 pm 1:00 pm - 5:00 pm Mon-Sat (Closed Sundays) GATE ACCESS HOURS 7:00 am -10:00 pm Mon - Sun Asking: $2,850,000
OK Mini-Storage 2360 Government Street Penticton BC 2 property details Legal Lot A, DL 251, Similkameen Division, Yale District, Plan 31870 PID: 003-584-755 ±1.681 Acres Improvements 8 single-story concrete block construction, drive-up, self-storage buildings Combination of tar and gravel, metal and Duroid shingle roof ±291 storage units (±25,825 sf excluding office and suite) 6 commercial units (±6,144 sf) Office area One-bedroom suite Zoning M-1 Light Industrial 2011 Tax Assessment $1,867,300 2011 Taxes $30,748.53 Ken Kiers Personal Real Estate Corporation 604 514 6830 kiers@naicommercial.ca Ken Hick 604 514 6821 kenh@naicommercial.ca NAI Commercial 100-20436 Fraser Highway Langley BC V3A 3G2 tel 604 534 7974 fax 604 534 0764 www.naicommercial.ca
OK Mini-Storage 2360 Government Street Penticton BC 2 financials CURRENT Estimated Current Gross Income $275,460 Seller Income Guarantee* $ 19,540 Guaranteed Gross Income $295,000 2011 Estimated Expenses $110,000 2011 Net Operating Income $185,000± FULLY OCCUPIED Potential Gross Income $397,000 Estimated Expenses, if full (35%) $139,000 Net Operating Income, if full $258,000± *Seller will guarantee gross income of up to $295,000/annum for up to two years. Terms and conditions apply. Ken Kiers Personal Real Estate Corporation 604 514 6830 kiers@naicommercial.ca Ken Hick 604 514 6821 kenh@naicommercial.ca NAI Commercial 100-20436 Fraser Highway Langley BC V3A 3G2 604 534 7974 604 534 0764 www.naicommercial.ca
Tax Report - 2360 GOVERNMENT Street Record Updated - 05/24/2011 Jurisdiction 222-PENTICTON - CITY OF Roll Number 07675200 Property ID 003-584-755 Property Addr 2360 GOVERNMENT ST Municipality PE-CITY OF PENTICTON Board Code Neighborhood 107-INDUSTRIAL Area Sub Area More PID's Gross Taxes Water Conn Owner(s) 1 Name & Address ** NOT AVAILABLE ** Owner Name & Mailing Address Information Owner(s) 2 Name & Address 101-380 INDUSTRIAL AVE E PENTICTON BC V2A 8K7 Legal Information Plan # Lot Block Dist Lot Land Dist Section Township Range Meridian 31870 A 251 54 Legal Description PL 31870 LT A DL 251 LD 54 Land & Building Information Width Depth Lot Size 1.681 ACRES Land Use Actual Use BCA Description WAREHOUSE MINI Zoning BCAA Data Updated - 05/24/11 Total Value Information Actual Totals Municipal Taxable Totals School Taxable Totals Land $602,800 Gross Land $602,800 Gross Land $602,800 Improvement $1,264,500 Gross Improve $1,264,500 Gross Improve $1,264,500 Exempt Land Exempt Land Exempt Improve $-10,000 Exempt Improve $-10,000 Actual Total $1,867,300 Municipal Total $1,857,300 School Total $1,857,300 Sale History Information Date Price Document # Type of Sales Transaction 11/01/2005 $1,800,000 KX157559 MULTIPLE PROPERTY TRANSACTION 05/01/1981 S41871AF REJECT NOT SUITED SALE ANALSIS Tax Detail View The enclosed information while deemed to be correct is not guaranteed. 09/26/11 10:51 AM
Penticton British Columbia about penticton The City of Penticton is the perfect sun, sand and surf destination. It is located in the Okanagan Valley of British Columbia s southern interior, situated between Okanagan and Skaha Lakes. Its population in 2010 was 37,721, and 46,000 in the greater Penticton area. Penticton is home to recreational opportunities such as skiing at the Apex Mountain Resort plus boating and fishing on Skaha and Okanagan Lakes. Both lakes have beautiful beaches. There is golfing on the area's many courses, as well as hiking or biking the Kettle Valley Railway Trail, and rock climbing at Skaha Bluffs. Penticton is the hub of wine tourism in the Okanagan valley with access to 88 wineries within an hour's drive. Nearby Naramata now has 22 wineries. Penticton is famous for its long, hot summers and short, mild winters. Precipitation averages slightly more than 330 mm (13") annually. Because Penticton is sheltered from cold, arctic air in the winter by the surrounding mountain ranges, blizzards and freezing rainstorms are very rare. The area is known for its high quality vineyards and premiumvintagesaswellasitsdiversifiedmanufacturing and industrial sectors. Solid growth in manufacturing continues to enhance the economic environment, and to create a diverse yet stable economic base. The largest growth in new jobs over the past ten years has been in construction, services, and value added industries. Penticton also has its own airport. The Penticton Regional Airport (YYF) was constructed during World War II to serve as an emergency landing strip, and was later lengthened to 1,829 meters to accommodate Boeing 737 aircraft. Air Canada Jazz provides service to Vancouver. The Kelowna International Airport also serves the greater Penticton area. It is located approximately 65 kilometers (about 45-60 minutes) north on Highway 97. Numerous airlines provide scheduled passenger and cargo services to points throughout British Columbia and Alberta, as well as to Toronto and Seattle, Washington (USA). For more information visit: www.tourismpenticton.com Ken Kiers Personal Real Estate Corporation 604 514 6830 kiers@naicommercial.ca Ken Hick 604 514 6821 kenh@naicommercial.ca The information contained herein has been provided to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. dzb/2mini-storageproperties-vernon&penticton.pptx/27sept2011/kk/kh NAI Commercial 100-20436 Fraser Highway Langley BC V3A 3G2 tel 604 534 7974 fax 604 534 0764 www.naicommercial.ca