CBRE Limited and Royal Lepage Kelowna Commercial have been engaged by the Receiver to offer for sale under court order, the rare opportunity to acquire 375 Potterton Road & 8826 Jim Bailey Crescent, Kelowna B.C., (the “Properties” or “North Kelowna Industrial Park”) — two income-producing industrial properties offering a combined 266,602 sq. ft. of net rentable industrial space on a combined 14 acres.
The North Kelowna Industrial Park presents an excellent opportunity for investors to acquire two strategically located industrial properties at a strong yield in the growing Kelowna market. The buildings are located just 800 metres away from each other in the same industrial node, providing potential leasing synergies. The Properties are being offered for sale on both a portfolio and individual basis, with all offers subject to approval by the Court.
375 Potterton Road features a substantial 132,195 SF of NRA on a generous 7.78 acres. Fully-leased, this property offers a weighted average lease to expiry (WALE) of 2.77 years with tenants in manufacturing and distribution industries. The building is well-suited to a variety of industrial, logistics, and manufacturing uses, and contains full freezing and cooling capabilities.
8826 Jim Bailey Crescent complements the offering with an additional 134,407 SF of NRA and WALE of 3.90 years, leased to UPS and a tire distribution company, further solidifying the park’s position as a prime location for logistics businesses seeking to thrive in a rapidly growing market.
Strategically located in the Okanagan Valley, the Properties offer excellent access throughout the province with proximity to major arterial routes, including Highway 97, and are a 7-minute drive from the Kelowna International Airport.
