9835 Dallas Drive, Kamloops BC

A 32,400-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 10-year term to NRI Distribution, with escalating rental rates. This property was acquired in late 2011 for approximately $3,050,000 and was subsequently re-financed in 2016 allowing for a repatriation of investor capital as a result of the increase in the property’s income and value.