251 Adams Road
MLS® Number: 10377786
$ 10,499,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1981
YEAR BUILT
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.
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| YEAR BUILT | 1981 |
| SQUARE FOOTAGE | 0 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | |
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| COOLING | |
| FIREPLACE | N/A |
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| TITLE | |
| BROKER | Unison HM Commercial Realty |
| ROOMS | DIMENSIONS (m) | LEVEL |
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