314 Totom Av 8,000 SF Industrial Building Kelowna, BC V1X 5W6 $2,331,960 USD ($291.49 USD/SF)

This rare opportunity features a stand-alone industrial warehouse located in the growing Rutland North area of Kelowna. The property offers approximately 8,000 square feet of versatile warehouse space alongside a secure 10,000-square-foot fenced compound, ideal for storage and operations requiring outdoor capacity. With a functional two-story layout, the building includes mezzanine space, bay doors, front entry counter, and multiple offices, providing flexibility for owner-users or investors.
Currently leased under a net lease through November 2027 at $13 per square foot, this asset delivers immediate cash flow while offering future upside. The lease structure includes additional rent contributions toward insurance and property taxes, with the tenant responsible for utilities—an appealing feature for income stability. Market conditions suggest a higher rent achievable at lease maturity, presenting an attractive value-add component.
The property sits in a well-connected industrial zone, providing efficient access to key transportation routes, major highways, and Kelowna's commercial corridors. Ample yard space and the possibility of warehouse expansion further enhance the growth potential of this property. Additionally, the title includes a bare land strata designation without associated fees or corporation obligations, creating simpler ownership conditions.