MULTI-TENANT BUILDING WITH SIGNIFICANT RENTAL UPSIDE

4223 25A AVENUE | VERNON BC

For Sale

$3,100,000


The Opportunity

4223 25A Avenue presents the opportunity to purchase a multi-tenanted building with long-term tenancies in place. Priced below replacement value and with 60% of the building vacant, this is a rare value-add opportunity for both owner occupiers and real estate investors alike.

Offered at $3,100,000

 

MUNICIPAL ADDRESS 4223 25A Avenue, Vernon BC
ZONING I1 Light Industrial
LOT SIZE 25,544.75  |  0.59 Acres
BUILDING SIZE 23,095 SF
YEAR BUILT 1979
LOADING 1 Dock & 7 Grade
PROPERTY TAX $40,265 (2023)
PID 005 – 795 – 419
LEGAL DESCRIPTION Lot 2 District Lot 71 Osoyoos Division Yale District Plan 24869

Please inquire with the listing agents for access to the rent roll and other property files.

 

Building Size

FOOTPRINT 14,095 SF
MEZZANINE 9,000 SF
TOTAL 23,095 SF

 

Unit Sizes

UNIT AREA STATUS
1 Ground:  5,200 SF

Mezzanine:  5,000 SF

Total:  10,200 SF

LEASED

Tenant:  Craft Nursery

2 Ground:  4,250 SF

Mezzanine:  4,000 SF

Total:  8,250 SF

VACANT
3 2,795 SF VACANT
4 1,850 SF LEASED

Tenant:  Automotive Supplies

 

Property Features

  • Freestanding building on 25,544 SF of land
  • Comprised of 4 individual units
  • 1 Dock and 7 grade loading doors
  • Easily accessed off 25 Avenue
  • 16′ Clear ceiling height
  • Recently upgraded power supply to 600V 800 amp 3-phase power service
  • New pad mount and step-down transformers in each unit

 

Location

The Vernon industrial market is a thriving sector with a diverse range of businesses. It benefits from proximity to local operators and provides easy access to major transportation routes, fostering efficient distribution and logistics. The market is characterized by a supportive local government, a skilled workforce, and a growing infrastructure, making it an attractive location for industrial investment.

 

RLK Commercial and CBRE Exclusive Listing

Property Details

For Sale

Property Type:

INDUSTRIAL

Address:

4223 25A AVENUE | VERNON BC

# of Units:

4

Total Building Size:

23,095 SF

Loading:

1 DOCK & 7 GRADE

Land Area:

25,544.75 SF | 0.59 ACRES

Zoning:

I1 LIGHT INDUSTRIAL

Taxes:

$40,265 (2023)

Parking:

ON-SITE

Brochure:

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