A rare investment opportunity to purchase a 6 unit, 2 storey light industrial zoned development in central West Kelowna. Built in 2010, with over 19,000sqft, the McDougall Auto Centre is nearly 100% leased. 5 of the 6 units are currently leased to long term and nationally recognized tenants. Future potential of 5.1% cap rate once the remaining unit is leased at $12/sqft + $2.91 NNN. A fully fenced 2 acre property with an abundance of outdoor customer/staff parking and 10 overhead grade entry garage delivery doors and up to 20′ interior ceilings and concrete floors. Each unit has independent heating and cooling systems and there’s additional development opportunity on site, as well as an option to purchase the 8 acre light industrial lot right next door to this property. Financing options in place with 125yr head lease.
-52 parking stalls
-10 Twelve Foot Garage Doors
-1 Fourteen Foot Garage Door on unit 101