4501 31 St - Office FOR SALE


Vernon, BC V1T 5J8
$3,160,000 CAD
604-675-5236
4501 31 St, Vernon, BC for Sale
$3,160,000 CAD
Office - FOR SALE
1/5
null | 5% Cap Rate

4501 31 St
Vernon, BC V1T 5J8


HIGHLIGHTS

  • Industrial and commercial land in Vernon trades at a meaningful discount to Kelowna and other Okanagan centres.
  • Balanced local economy driven by construction, manufacturing, and logistics, with growing demand for light industrial and service-commercial space.
  • Excellent access to Highway 97, Okanagan Lake, and Kelowna International Airport.
  • Continued growth supported by steady in-migration, expanding infrastructure, and a pro-development municipal approach.

OVERVIEW

Marcus & Millichap is pleased to present for sale 4501 31 Street, Vernon, B.C. (the “Subject Property”). This offering represents a rare opportunity to acquire a newer, single-tenant investment property leased to the Government of Canada, providing investors with secure, long-term income backed by an exceptional covenant. Constructed in 2014, the Subject Property comprises 7,708 square feet of modern office and warehouse space on a 34,818 square feet site, situated within Vernon’s established commercial and light industrial corridor just north of downtown. The property is fully leased to the Government of Canada until August 31, 2034, offering investors nearly nine years of remaining term with no renewal options. With its strong tenant covenant, long lease term, and minimal capital requirements, the Subject Property offers investors a stable, low-risk investment in a newer building within a growing Okanagan market.

FOR SALE DETAILS

PRICE

$3,160,000 CAD

PRICE/SF

$410 CAD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

INDL

APN/PARCEL ID

023-571-918

ASK ABOUT THIS PROPERTY

Joey YooMarcus & MillichapMore Info
604-675-5236

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Joey YooMarcus & MillichapMore Info
604-675-5236

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