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251 Adams Road

MLS® Number:  10377786

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  • 251 Adams Road

$ 10,499,000

0

BEDROOMS

0 + 0

BATHROOMS

0

SQUARE FEET

1981

YEAR BUILT

https://www.cirrealty.ca/reb/bc/6/10377786_2.jpg

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MLS® Number
10377786
PROPERTY TYPE
LISTING DATE
March-01-2026

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.

COMMUNITY 
PROPERTY TYPE 
BUILDING TYPE 
STYLE 
YEAR BUILT 1981
SQUARE FOOTAGE  0
BEDROOMS  0
BATHROOMS  0
BASEMENT 
AMENITIES 
APPLIANCES 
COOLING 
FIREPLACE  N/A
FLOORING 
HEATING 
LAUNDRY 
LOT FEATURES 
PARKING 
RESTRICTIONS 
ROOF 
TITLE 
BROKER  Unison HM Commercial Realty

 

 

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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.