Single-Tenant Industrial
4501 31st Street, Vernon
4501 31 St, Vernon, BC V1T 5J8
Listing Price: $3,160,000
Investment Overview
Marcus & Millichap is pleased to present for sale 4501 31 Street, Vernon, B.C.
(the “Subject Site”). This offering represents a rare opportunity to acquire a
newer, single-tenant investment property leased to the Government of Canada,
providing investors with secure, long-term income backed by an exceptional
covenant.
Constructed in 2014, the Subject Site comprises 7,708 square feet of modern
office and warehouse space on a 34,818 square feet site, situated within
Vernon’s established commercial and light industrial corridor just north of
downtown. The property is fully leased to the Government of Canada until
August 31, 2034, offering investors nearly nine years of remaining term with no
renewal options.
With its strong tenant covenant, long lease term, and minimal capital
requirements, the Subject Property offers investors a stable, low-risk
investment in a newer building within a growing Okanagan market.
4501 31st Street, Vernon
Investment Highlights
- Long-term lease to the Government of Canada, providing secure and stable income through August 31, 2034.
- Newer construction (built 2014) with modern design and minimal capital expenditure requirements.
- Well-located within Vernon's light industrial and service commercial corridor, with proximity to key arterial routes and complementary uses.
- Single-tenant building totaling 7,708 square feet on a 34,818 square feet lot, allowing for efficient operations and ease of management.
- Low-risk investment profile with a strong federal covenant and limited landlord obligations under the lease structure.
Exclusively Listed By
Listing Price: $3,160,000
Investment Highlights
- Long-term lease to the Government of Canada, providing secure and stable income through August 31, 2034.
- Newer construction (built 2014) with modern design and minimal capital expenditure requirements.
- Well-located within Vernon's light industrial and service commercial corridor, with proximity to key arterial routes and complementary uses.
- Single-tenant building totaling 7,708 square feet on a 34,818 square feet lot, allowing for efficient operations and ease of management.
- Low-risk investment profile with a strong federal covenant and limited landlord obligations under the lease structure.
Investment Overview
Marcus & Millichap is pleased to present for sale 4501 31 Street, Vernon, B.C. (the “Subject Site”). This offering represents a rare opportunity to acquire a newer, single-tenant investment property leased to the Government of Canada, providing investors with secure, long-term income backed by an exceptional covenant. Constructed in 2014, the Subject Site comprises 7,708 square feet of modern office and warehouse space on a 34,818 square feet site, situated within Vernon’s established commercial and light industrial corridor just north of downtown. The property is fully leased to the Government of Canada until August 31, 2034, offering investors nearly nine years of remaining term with no renewal options. With its strong tenant covenant, long lease term, and minimal capital requirements, the Subject Property offers investors a stable, low-risk investment in a newer building within a growing Okanagan market.
Exclusively Listed By
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