Description

2316 Columbia Avenue represents a 4,051 sq. ft. commercial office building at the heart of Castlegar, BC. Fully leased on a triple net basis to one of the largest public sector unions in BC, and with nearly 5 years of lease term remaining and annual contractual rent increases, the Property offers long-term income stability and growth. Centrally located with efficient access from the surrounding region, and prominent exposure along Columbia Avenue (Hwy 22), Castlegar's primary commercial corridor, the Property is within a 1-minute drive from Castlegar's highest concentration of restaurant, service and entertainment amenities, including Canadian Tire, McDonald's, A&W, Boston Pizza, Shoppers Drug Mart, Sandman and Super 8 hotels, and more. The building has further benefited from significant recent capital upgrades, both from the landlord and tenant, including a brand-new TPO roof, rooftop HVAC, hot water tank, parking lot re-surfacing and more. Tenant amenities include parking for +/-12 vehicles, an outdoor patio, building elevator, and highway signage.