https://www.city2cityrealty.com
Lot C & D KOOTENAY STREET, Cranbrook North
Cranbrook North
Other
$425,000
For sale
0 BEDS
0 BATHS

REQUEST DETAILS

Description

For sale is a unique opportunity to acquire Jump Property Corp, a British Columbia-registered commercial property corporation. Included in the sale are two prime C-1 Commercial properties in Downtown Cranbrook. Established in 2021, the corporation comes with three years of detailed corporate filings from top accounting firms and a solid operational history, positioning it for continued success. The sale includes an 8,520 sq ft C-1 Commercial development site, currently serving as parking for the neighboring Total Pet store and generating a triple net revenue of $19,170 annually, with Pet Valu covering all taxes and expenses. The lease agreement includes options to extend the lease to 2036 and beyond, with lease amounts capping at $23,430 annually in the final extension term. Additionally, there is a 3,082 sq ft C-1 Commercial development site, paved for parking but currently unleased. This corporation and its assets offer significant investment potential, especially following the City's recent increase in C-1 zoning density from 80 units per hectare to 180, greatly enhancing development possibilities.

General Info

2479262
0

Amenities/Features

Mortgage Calculator
Purchase Amount $ 425,000
Down Payment
Interest Rate
Payment Interval:
Mortgage Term (Years)

202 9453 120st  Delta BC,Delta
CITY 2 CITY REAL ESTATE SERVICES
Lot C & D KOOTENAY STREET, Cranbrook North
Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.