The Opportunity
4223 25A Avenue presents the opportunity to purchase or lease a multi-tenanted building with long-term tenancies in place. Priced below replacement value and with just over 60% of the building occupied, this is a rare value-add opportunity for both owner occupiers and real estate investors alike.
Offered at $3,100,000 to own & 14/SF to Lease
| MUNICIPAL ADDRESS | 4223 25A Avenue, Vernon BC |
| ZONING | I1 Light Industrial |
| LOT SIZE | 25,544.75 | 0.59 Acres |
| BUILDING SIZE | 19,095 SF |
| YEAR BUILT | 1979 |
| LOADING | 1 Dock & 7 Grade |
| PROPERTY TAX | $40,265 (2023) |
| PID | 005 – 795 – 419 |
| LEGAL DESCRIPTION | Lot 2 District Lot 71 Osoyoos Division Yale District Plan 24869 |
| ADDITIONAL RENT | $3.73/SF (2024) |
Please inquire with the listing agents for access to the rent roll and other property files.
Building Size
| FOOTPRINT | 14,095 SF |
| MEZZANINE | 5,000 SF |
| TOTAL | 19,095 SF |
Unit Sizes
| UNIT | AREA | STATUS | LEASE RATE |
| 1 | Ground: 5,200 SF
Mezzanine: 5,000 SF Total: 10,200 SF |
LEASED
Tenant: Craft Nursery |
N/A |
| 2 | 4,250 SF | VACANT | $14/SF |
| 3 | 2,795 SF | VACANT | $14/SF |
| 4 | 1,850 SF | LEASED
Tenant: Automotive Supplies |
N/A |
Unit 2 & 3 can be combined into one unit for a total of 7,045 SF
of contiguous space
Property Features
- Freestanding building on 25,544 SF of land
- Comprised of 4 individual units
- 1 Dock and 7 grade loading doors
- Easily accessed off 25 Avenue
- 16′ Clear ceiling height
- Recently upgraded power supply to 600V 800 amp 3-phase power service
- New pad mount and step-down transformers in each unit
- Newly restored warehouse space
Location
The Vernon industrial market is a thriving sector with a diverse range of businesses. It benefits from proximity to local operators and provides easy access to major transportation routes, fostering efficient distribution and logistics. The market is characterized by a supportive local government, a skilled workforce, and a growing infrastructure, making it an attractive location for industrial investment.
RLK Commercial and CBRE Exclusive Listing
Property Details
For Lease
For Sale
Property Type: |
INDUSTRIAL |
Address: |
4223 25A AVENUE | VERNON BC |
Leasable Area: |
7,045 SF |
# of Units: |
4 |
Total Building Size: |
19,095 SF |
Loading: |
1 DOCK & 7 GRADE |
Land Area: |
25,544.75 SF | 0.59 ACRES |
Zoning: |
I1 LIGHT INDUSTRIAL |
Taxes: |
$40,265 (2023) |
Parking: |
ON-SITE |