251 Adams Rd - Commercial LAND FOR SALE


Kelowna, BC V1X 7R1 54,886 SF
$10,499,000 CAD
250-866-0088
251 Adams Rd, Kelowna, BC for Sale
$10,499,000 CAD
Commercial LAND - FOR SALE
1/3
54,886 SF

251 Adams Rd
Kelowna, BC V1X 7R1


HIGHLIGHTS

  • Convenient access to Highway 97 and proximity to Kelowna International Airport
  • Features include three dock-level loading bays, two grade-level doors, and 16-foot clear ceiling heights
  • Yard area of approximately one-third of an acre for additional storage or operational flexibility
  • 35,147 SF building on 1.264 acres with a mix of office and warehouse space
  • Fully leased industrial property with a recently renewed five-year lease and options to 2036

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,499,000 CAD

PRICE/ACRE

$8,332,540/AC

PRICE/SF

$191 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Industrial

LAND ACRES

1.26 AC

LAND SF

54,886 SF

OFFSITE IMPROVEMENTS

-

ZONING

I2

APN/PARCEL ID

003129586

ASK ABOUT THIS PROPERTY

Geoffrey OliverHM Commercial GroupMore Info
250-866-0088

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Geoffrey OliverHM Commercial GroupMore Info
250-866-0088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.