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2374 Bering Rd 17,014 SF 100% Leased Industrial Building Westbank, BC V4T 3J6 $4,750,000 CAD ($279.18 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Limited availability of small-bay commercial assets in West Kelowna.
- Excellent access to Highway 97 and proximity to Kelowna.
- Multi-tenant building with stable revenue, anchored by OK Tire Auto Service.
Executive Summary
Cushman & Wakefield ULC is pleased to present a rare opportunity to acquire a well anchored multi-tenant service commercial investment property in the heart of West Kelowna’s commercial corridor. Located at 2374 Berling Road, this 16,223 square feet building is situated within a well-established node and offers a compelling combination of stable in-place income and upside potential. Held under a 99-year leasehold interest expiring in Dec 2107, this asset delivers long-term security in a market characterized by limited supply of small-bay product. Opportunities to acquire commercial properties with strong tenancy profiles and secure income in West Kelowna are increasingly scarce, making this an attractive offering for investors seeking cash flow with growth potential.
Property Facts
| Price | $4,750,000 CAD | Building Class | B |
| Price Per SF | $279.18 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Rentable Building Area | 17,014 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2010 |
| Zoning | IB - Business Park | ||
| Price | $4,750,000 CAD |
| Price Per SF | $279.18 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 1.00 AC |
| Rentable Building Area | 17,014 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Zoning | IB - Business Park |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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2374 Bering Rd
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