2476 Westlake Road Unit# 100 West Kelowna, British Columbia V1Z 2V2
$1,199,000
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:60329)
Property Details
| MLS® Number | 10354386 |
| Property Type | Industrial |
| Neigbourhood | West Kelowna Estates |
Building
| Size Interior | 4,000 Ft2 |
| Type | Other |
Land
| Acreage | No |
| Current Use | Industrial |
| Size Total Text | Under 1 Acre |
| Zoning Type | Unknown |
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July 30 2025 05:19:28
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