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100% NNN-Leased Commercial Building in Downtown
Office/Retail Property For Sale in Vernon, BC
RE/MAX Commercial Properties and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus Event (allows for contingencies) for a leased ±17,940 SF two-story commercial building in downtown Vernon, BC.
Vernon is situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley, one of the most desirable regions to live in. The Okanagan Valley is known for its diversity, mild winter climate, and long warm summers. It is home to over 350,000 people. While agriculture has traditionally been the main economic engine of the area, the economy has experienced growth in construction, tourism, and manufacturing over the past few decades.
Vernon enjoys excellent transportation linkages, being easily accessible by air, rail, and road networks. The Kelowna International Airport, Canada's tenth largest airport, is located just 25 minutes from downtown Vernon. It offers direct flights to various destinations, including San Francisco, Seattle, Vancouver, Toronto, Calgary, Edmonton, and Victoria. Additionally, CN Rail has made a significant investment in the region by taking over operations of the branch line from Lumby, through Vernon, to their main line in Kamloops. (source: City of Vernon)
Property Highlights:
- ±17,940 SF building (includes ±5,980 SF basement)
- Prominent commercial building with main floor retail space and 2nd-floor office space
- Current tenant on a triple net lease (NNN lease)
- Current Rent: $131,200 yearly (NNN lease, not including applicable taxes)
- Excellent opportunity for an investor or owner-occupier (single or multiple tenants)
- Long-term tenant in place (40+ years occupying the building)
- Large retail space on the first floor and second-floor office space with a boardroom, offices, and kitchenette
- Grade-level loading dock and interior freight elevator
- 12 on-site parking stalls
Location Highlights:
- Less than 30 mins from the Kelowna International Airport
- Situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley
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RE/MAX Commercial Properties and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus Event (allows for contingencies) for a leased ±17,940 SF two-story commercial building in downtown Vernon, BC.
Vernon is situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley, one of the most desirable regions to live in. The Okanagan Valley is known for its diversity, mild winter climate, and long warm summers. It is home to over 350,000 people. While agriculture has traditionally been the main economic engine of the area, the economy has experienced growth in construction, tourism, and manufacturing over the past few decades.
Vernon enjoys excellent transportation linkages, being easily accessible by air, rail, and road networks. The Kelowna International Airport, Canada's tenth largest airport, is located just 25 minutes from downtown Vernon. It offers direct flights to various destinations, including San Francisco, Seattle, Vancouver, Toronto, Calgary, Edmonton, and Victoria. Additionally, CN Rail has made a significant investment in the region by taking over operations of the branch line from Lumby, through Vernon, to their main line in Kamloops. (source: City of Vernon)
Property Highlights:
- ±17,940 SF building (includes ±5,980 SF basement)
- Prominent commercial building with main floor retail space and 2nd-floor office space
- Current tenant on a triple net lease (NNN lease)
- Current Rent: $131,200 yearly (NNN lease, not including applicable taxes)
- Excellent opportunity for an investor or owner-occupier (single or multiple tenants)
- Long-term tenant in place (40+ years occupying the building)
- Large retail space on the first floor and second-floor office space with a boardroom, offices, and kitchenette
- Grade-level loading dock and interior freight elevator
- 12 on-site parking stalls
Location Highlights:
- Less than 30 mins from the Kelowna International Airport
- Situated between the northern tip of Okanagan Lake and Kalamalka Lake in the Okanagan Valley