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New Industrial Strata Opportunity in Kelowna, BC
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(Posted on Nov 26, 2018 at 06:55PM by Danielle Smyth)
A new industrial strata opportunity is available in Kelowna. Called IntraUrban Enterprise, it’s one of the city’s few such locations. Situated right in the heart of the Okanagan shopping centre district, it will create tremendous opportunities for investors and retailers alike. Since it is centrally located, this 2.6-acre site that can accommodate 23 new industrial strata units will likely be very popular. The site is located at the major intersection of Enterprise Way and Dilworth Drive, one block off of Highway 97.The building will be 66,000 square feet as built and will be split into units of between 2,000 and 3,900 square feet. This range makes the units ideal for a variety of business types. According to a recent report on the space, the facility will include “bay garage doors, built-in upper mezzanines, generous glazing for natural light and a modern, high-end product that is rarely found in other industrial projects in Kelowna.â€
With rents in the city on the rise, the prospect of long-term ownership is becoming increasingly palatable. Opportunities like this industrial strata one don’t come around every day. If you’re interested in learning more about opportunities for investment throughout Canada or this specific one, get in touch with Marcus & Millichap's Vancouver office. One of our experienced commercial real estate advisors will be happy to provide additional information.
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