Log In/Sign Up
Your email has been sent.
1163 Cedar Av 7,880 SF Retail Building Trail, BC V1R 4B8 $388,274 USD ($49.27 USD/SF) 9.79% Cap Rate
EXECUTIVE SUMMARY
RLK Commercial is pleased to offer for sale a 100% freehold interest in The Trail Daily Times Building, located at 1163 Cedar Avenue, in downtown Trail, BC (the “Property”). Occupied by the Trail Times for over 50 years and Steps Dance Centre for over 20 years, this iconic centrepiece sits between the Kootenay Savings Credit Union (KSCU) headquarters and Austin Engineering (BBA Consultants) buildings, and within a 1-minute walk from Ferraro Foods, Starbucks, A&W, Dairy Queen, and many more exciting amenities offered in downtown Trail. Currently 100% leased to Black Press Group Ltd. (Trail Times) and Steps Dance Centre, the Property comprises approximately 7,880 SF of rentable area across two floors, generating attractive net holding income of +$53,083
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,880 SF
Building Class
C
Year Built
1963
Price
$388,274 USD
Price Per SF
$49.27 USD
Cap Rate
9.79%
NOI
$38,027 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.61
Lot Size
0.11 AC
Zoning
C1 - General Commercial
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
1 of 23
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1163 Cedar Av
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.