9590 Mccarthy Rd - Industrial FOR SALE


Kelowna, BC V4V 1S5
$13,500,000 CAD
604-675-5222
9590 Mccarthy Rd, Kelowna, BC for Sale
$13,500,000 CAD
Industrial - FOR SALE
1/14
null | Request Cap Rate

9590 Mccarthy Rd
Kelowna, BC V4V 1S5


HIGHLIGHTS

  • 85,297 SF Purpose-Built Cannabis Facility
  • Secure Long-Term Income
  • Strategic Below-Replacement-Cost Offering
  • Purpose-Built and License-Ready Infrastructure
  • Multiple Exits with Alternate High-Intensity Use Compatibility

OVERVIEW

A rare opportunity to acquire a purpose-built, institutional-grade cannabis production facility secured by a 20-year lease in North Kelowna's Beaver Lake Road Industrial Park. This 85,297 SF asset sits on a 1.95-acre site with an estimated $40 million replacement value, delivering predictable income and long-term upside through a strong tenant covenant. The facility was substantially upgraded by tenant and LP holder FLWR Cannabis/Avant Cannabis, who invested heavily in state-of-the-art, end-to-end production infrastructure — creating a fully built-out, license-ready asset of exceptional quality. For cannabis operators, the specialized infrastructure offers confidence in future operational capacity or re-leasing potential. For institutional investors, the 20-year lease, strong covenant, and high replacement cost create a compelling income profile in a supply-constrained market. Strategically positioned with direct access to Highway 97, the site connects seamlessly to Kelowna Airport, the Lower Mainland, US border crossings, and Western Canadian distribution networks. Whether as a premium cash-flowing investment or a long-term strategic hold, this is a rare chance to control one of Canada's most advanced cannabis production assets.

FOR SALE DETAILS

PRICE

$13,500,000 CAD

PRICE/SF

$158 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

I2

APN/PARCEL ID

025-047-426

ASK ABOUT THIS PROPERTY

Alexander GirlingMarcus & MillichapMore Info
604-675-5222

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Alexander GirlingMarcus & MillichapMore Info
604-675-5222

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