8175 Dallas Drive, Kamloops BC
A 56,130-square foot industrial building located in Kamloops, BC, this property was acquired as part of a 3-building portfolio on a “sale and leaseback” transaction with the tenant, NRI Distribution. The property was leased on a 12-year term to NRI Distribution, with escalating rental rates. This property was acquired in late 2011 for $5,530,000 and was subsequently re-financed and sold in 2017 for $6,786,000. In addition to the capital gain, investors received an ongoing 8% per annum return during ownership.