8195 Dallas Drive, Kamloops BC

A 48,000-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 approximately $4,520,000, was re-financed in 2016 allowing for a repatriation of investor capital and ultimately sold in 2020 for $6,100,000.