2840 Fenwick Road, Kelowna, BC - Industrial Pocket Village

Industrial Pocket Village

2840 Fenwick Road, Kelowna, BC, V1X 5E4

Price:
$6,200,000

Property Description

Opportunity for an investor or owner-user to acquire a building for themselves and or rent other buildings to tenants.

HIGHLIGHTS

  • 2.12 acre industrial site with 5 buildings totaling 13,358 SF + mezzanines and yard storage
  • Buildings #4&5 are pre-leased, pending offers on #2 and #3
  • Buildings 2-5 have exposure to highway 97N
  • Seller is willing to stratify the property as a condition of the sale
  • Vendor has spent the past 3 years getting to this stage (Included negotiations for riparian areas, new bridge, fortis and ALR setbacks)
  • The 3 buildings in completion stage are #2,3,4, the vacant patch top left of the site will be building #1
  • The vendor will develop building #1 to shell space and include in the price, or a purchaser can elect to build it to their specs and recoup build costs from the price. This building would have +/- 5,000 for exclusive yard space, parking or combination of both
  • $338/sf including mezzanine, 5.0% cap rate on full lease up
  • Share purchase available

2840 Fenwick Road, Kelowna, BC, Canada

Additional Information

Municipal Address 2840 Fenwick Road, Kelowna, BC, V1X 5E4
Legal Description LOT A SECTION 34 TOWNSHIP 26 OSOYOOS DIVISION YALE DISTRICT PLAN EPP106057
PID 031-384-293
Location Details 2840 Fenwick Road is located just off of Highway 97, across from Landmark Cinemas, Orchard Ford Dealer, and the Porsche Centre. Just 5 minutes to shopping like Walmart Super Centre, Costco Wholesale, and Orchard Park Shopping Centre, this property is conveniently located near all major amenities. It is also situated just 10 minutes to Kelowna International Airport.
Building Area 5 buildings totaling 13,358 SF + mezzanine & yard storage compounds
Land Area 2.12 acres (92,260 SF)
Zoning I2 - General Industrial
Future Land Use
(OCP)
IND - Industrial

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

Request More Info

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.