HM Commercial Group is pleased to present this opportunity to invest in a strata titled warehouse building in Kelowna’s Reid’s corner area.
184-194 Adams Road is fully leased modern industrial building with secure cashflow offered from multiple tenancies. All 8 strata lots associated with the property are included in the sale, providing security and flexibility in your investment.
Reid’s Corner, 184-194 Adams Road, and Kelowna in general has seen historically low industrial vacancy rates, with this building and area seeing limited vacancy over the past 10 years. With Kelowna’s industrial vacancy rate below 2%, now is the perfect time to invest in income producing industrial product in the city.
The building features a strategic location just 1 block from Sexsmith Road and Highway 97, situated in one of Kelowna’s most sought after areas for industrial tenants, Reid’s Corner.
- 25,530 SF office, warehouse and deluxe 2 bedroom suite
- Fully leased building/units
- Diversified cashflow from multiple tenancies
- Central location with easy access to Highway 97
- Cap Rate: 5% (Replacement cost valuation was used for the residential suite)