251 Adams Rd 1.26 Acres of Commercial Land Offered at $10,499,000 CAD in Kelowna, BC V1X 7R1

Opportunity to purchase an income producing industrial property in Kelowna’s highly sought after Reid’s Corner industrial area. Recently renewed 5-year lease commencing April 2026, providing continued income stability. The existing tenant has occupied the property for over 30 years, demonstrating long-term operational commitment and reliability. The property is leased through 2031 with renewal options extending to 2036, offering secure long-term income. The offering presents a 5.5% capitalization rate, rising to approximately 6.1% by the end of the current base lease term. The property benefits from prominent highway exposure with convenient access to Adams Road, centrally located within Kelowna’s industrial/commercial corridor. It is situated near the proposed Kelowna Springs industrial park, supporting long-term growth and area expansion. Significant tenant improvements have been completed, including a substantial build-out of finished office space. The premises include approximately 5,000 SF of finished office space and approximately 30,000 SF of warehouse space. The office configuration includes 37 workstations (including open-concept areas), two meeting/boardrooms, and seven washrooms. The warehouse component features five overhead doors, including three dock-level loading bays and two grade-level doors suitable for tailgate deliveries. Includes approximately one-third of an acre of yard area, providing additional space for storage, parking, or operational flexibility.