Small Boutique Warehouses are in Demand

A boutique warehouse at 2 McLennan Drive, Kensington returning $36,508 pa has been sold to a local investor for $795,000 showing a yield of 4.6%. Dean Alexander of Gorman Commercial reported, “Located in the popular former Simplot site developed by Banco some 15 years ago, the security of being part of a gated industrial complex was attractive to investors.”