34
$1,199,000 Sale
Listed 95 days ago
2476 Westlake Road Unit# 100
· 0
· 0.0
· 0
· 4000
Key Facts
Key facts for 2476 Westlake Road Unit# 100
Property Type
Other, Other
Parking
Garage: No, 0 parking
MLS #
10354386
Size
4000 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
$ 0/mo
Description
CAP RATE 6.43% + NNN | West Kelowna Industrial Investment. Secure stable revenue in a high-demand industrial location. This 4,000 sqft I1-zoned commercial strata unit in West Kelowna Estates is fully leased to a reliable fitness centre tenant who has operated here for over 8 years. The unit features... a mezzanine, 4 assigned parking spaces, and is part of a well-managed complex just off Highway 97 — beside National Storage and Warehouse. The tenant is midway through a triple-net lease, currently generating $75,600/year in total rent including a seller-financed equipment repayment. On November 1, 2025, lease revenue increases to $77,600/year, with the equipment repayment continuing through the term. The projected cap rate over the next 12 months is 6.43%. I1 zoning allows for indoor recreation, alcohol production, distribution, tech, service commercial, and more — giving this property long-term flexibility and tenant appeal. An ideal turnkey investment for buyers seeking passive income, zoning versatility, and strong location fundamentals in West Kelowna’s thriving industrial market. (id:10452)
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Listing courtesy of: Royal LePage Kelowna
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