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1417-1420 Hunter Crt 24,680 SF 100% Leased Industrial Building Kelowna, BC V1X 6E6 $5,540,763 USD ($224.50 USD/SF) 5% Cap Rate
Investment Highlights
- Centrally located on a 1-acre corner cul-de-sac lot with strong road connectivity.
- Includes second-floor offices and mezzanine storage for versatile use.
- Zoned I1 with ample parking and positioned in a business-focused neighborhood.
- Two industrial warehouse buildings totaling 24,680 sq. ft. of leasable space.
- Equipped with high ceilings, grade-level access, bay door, and 3-phase power.
Executive Summary
An excellent investment opportunity: a centrally located 1-acre corner cul-de-sac lot with two Industrial Warehouse buildings. This property offers easy access to major arterial roads and is situated in a business-oriented neighbourhood. The building features a total of 24,680 sq. ft. of leasable area, which includes 20,852 sq. ft. at grade, 2,000 sq. ft. of second-floor offices, and 500 sq. ft. of mezzanine storage, along with a bonus area on the second floor. The property is zoned as I1 and comes with high ceilings, grade-level access, a bay door, 3-phase power, and ample parking. The currant net operating income offers a 5% cap rate on the asking price.
Property Facts
| Price | $5,540,763 USD | Building Class | C |
| Price Per SF | $224.50 USD | Lot Size | 1.00 AC |
| Sale Type | Investment | Rentable Building Area | 24,680 SF |
| Cap Rate | 5% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1990 |
| Zoning | I1 - Industrial | ||
| Price | $5,540,763 USD |
| Price Per SF | $224.50 USD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.00 AC |
| Rentable Building Area | 24,680 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Zoning | I1 - Industrial |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
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1417-1420 Hunter Crt
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