Property
Type, style and structure
- Type
- commercial
- Style
- industrial / Industrial
+2 more
0.83 ac
Lot
Property Snapshot
Key details for this listing
MLS #10398127
Lot
Land, frontage and setting
- Lot
- 0.83 ac - 0.83
Costs
Price, taxes and monthly charges
- List Price
- $2,650,000
- Days on Market
- 61
About This Property
This industrial in Vernon offers a 0.83 ac lot. The property has lot dimensions of 0.83.
MLS Remarks
1711 Kalamalka Lake Road is a unique opportunity to acquire a well-positioned multi-tenanted industrial INVESTMENT asset. Being one of the more desirable industrial products in the area, the property comprises approximately 13,850 SF of leased premises across five (5) tenancies with no current vacancies, providing investors with a ‘turn-key’ cash-flowing asset from a strong mix of established tenants. All tenant leases are secured until May 31, 2028, providing immediate secure cash flow. Offered at a 5.47% cap rate (based on 2026 NOI figures), the property is an attractive long-term asset for investors with immediate upside through current below-market existing rents, providing a massive opportunity to increase the income value of this asset amongst the current tenants. Additionally, the property occupies one of the more desirable industrial locations in Vernon, benefiting from excellent frontage along Kalamalka Road, pylon signage, convenient access and plenty of on-site parking. Its central location provides strong connectivity throughout Vernon and easy access to Highway 97 and surrounding commercial and industrial areas. 1711 Kalamalka Road offers investors a compelling combination of stable cash flow today and meaningful value-add potential for longer-term investors. Please contact listing agents for the NDA to receive the detailed rental roll and more information. Full leases and further due diligence items can be shared upon an accepted Contract of Purchase and Sale. (id:60351)
Documents & Attachments
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