Cranbrook North, BC V1C3T5 Lot C & D KOOTENAY STREET

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. (id:7434)