184-194 Adams Road, Kelowna, BC - Income Producing Strata Warehouse/Office Complex

Income Producing Strata Warehouse/Office Complex

184-194 Adams Road, Kelowna, BC, V1X 7R2

Price:
$5,750,000

Property Description

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)

184 Adams Road, Kelowna, BC, Canada

Additional Information

Municipal Address 184-194 Adams Road, Kelowna, BC, V1X 7R2
Legal Description Strata Lots 1-8 Plan KAS3239 Section 2 Township 23 Land District 41
PID 027-101-177; 027-101-185; 027-101-193; 027-101-207; 027-101-134; 027-101-142; 027-101-151; 027-101-169
Location Details Centrally located in one of Kelowna’s highly sought after industrial areas, Reid’s Corner, 184-194 Adams Road offers easy access to Highway 97 via multiple light controlled intersections.
Building Area 25,530 SF
Parking Ample on-site parking
Zoning I2, General Industrial
Taxes $51,522 (2019)
Meghan O'Mara PREC - Vice President of Sales & Leasing at HM Commercial Group

Listing Agent

Meghan O'Mara

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.