Property Details

Asking Price: $3,200,000

4320 29th Street, Vernon


Convenient central Vernon location! 19,657± leasable sf on a 1.19ac± [51,630sf±] lot, Zoned: I1 Light Industrial and built in 1974, Income-generating industrial with 7 bay doors, Abundant onsite parking, Entire roof replaced with IKO torch system in 2015, Offered at $3,200,000 ($163/sf± of leasable area) Asking price will result in a 7.3% cap if net rents climb to an average of $11.80/sf! All below market leases expire in 2023 so current below market income of $136,108± (only $6.92/sf) can be adjusted to market rents quickly!

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Count on Corporate Accord Realty to provide you with the service you expect for your Kelowna Commercial Real Estate investment, lease and sale requirements. We also serve the entire Okanagan.

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