A unique opportunity to acquire two newly renovated industrial buildings situated on 1.853 acres. The buildings are fully leased to two excellent covenant tenants at market lease rates with escalations throughout the term providing for excellent rental income appreciation.
Centrally positioned in West Kelowna Business Park, this property provides excellent warehouse and corporate office facilities along with fully paved and fenced yard storage. The property benefits from direct access and exposure to Highway 97 providing easy connectivity to Vernon, Kamloops, Merritt, and Trans-Canada Highway.
| MUNICIPAL ADDRESS | 1305 & 1315 Industrial Road West Kelowna, BC |
| UNIT SIZE | 1305 Industrial Road | 9,498 SF
1315 Industrial Road | 17,387 SF Total | 26,885 SF |
| ZONING | I1 | Light Industrial Zoning |
| CEILING HEIGHT | 1305 Industrial Road | 12′ in the warehouse
1315 Industrial Road | 13′ |
| HEAT | 1305 Industrial Road | Unit heaters in each bay
1315 Industrial Road | Radiant tube heaters |
| PARKING | Shared on site |
HIGHLIGHTS
- 100% fully leased, well-maintained property
- Major capex program recently completed
- New full-term leases in place
- Rental growth with triple net leases
- Secure income from excellent covenant tenants
- New torch-on roof
- Prime location in the West Kelowna Business Park, with high visibility from Highway 97
The Location
1305 & 1315 Industrial Road is located in the heart of West Kelowna’s industrial district. Situated along Industrial Road, this location provides high exposure and easy access to Highway 97, and is conveniently located just 5 minutes from Downtown Kelowna, and 35 minutes from the Kelowna International Airport.
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Exclusive Listing
Listed in partnership with Avison Young