Property Details

685 Finns Road, Kelowna

Description:

Income-generating industrial building with five bay doors situated just off Highway 97N – 10,698sf± of leasable area on 0.37ac± [16,100sf±] lot – Currently rented to three long-term tenants including residential caretaker suite (NICE UPSIDE: TENANTS ARE MOST OF THE WAY TO THE END OF THEIR LEASE TERM) – Zoned: I2 Industrial – Abundant offsite parking nearby – Designed to accommodate up to six different tenants (demisable) – Current below market net income: $82,500± (only $7.71/sf) – Offered at $2,430,000 – Under $228/sf± of leasable building area! – Asking price will result in a 5.9% cap if net rents climb to an average of $13.42/sf! – Rent roll available upon a signed Confidentiality Agreement