CAP RATE 5.92% + NNN (Forward Projection): Exceptional value in a high-demand industrial zone. This 4,000 sqft I1-zoned property is ideal for light industrial uses including indoor recreation, distribution, alcohol production, high-tech, retail, and service commercial. Fully leased to a long-standing, reliable tenant operating over 8 years, now midway through a 3-year NNN lease—offering consistent, hands-off income. Strata-titled and competitively priced, this is a smart buy for investors seeking stable returns or business owners planning for future use. Prime location, proven tenant, solid upside—this property delivers. (id:2493)
Data was last updated July 9, 2025 at 12:45 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,373,600
Min list price:
$485,000
Max list price:
$6,650,000
Avg days on market:
204
Min days on market:
7
Max days on market:
274
Avg price per sq.ft.:
$425
These statistics are generated based on the current listing's property type
and located in
West Kelowna Estates. Average values are
derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.