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Warehouse

101 - 104, 716 Adams Court

716 Adams Court (101 - 104), Kelowna, BC V1X 7S1

Listing Price: $5,060,000

Cap Rate
4.75%
Gross SF
13,209
Price/Gross SF
$383.07
Lot Size
0.30 acres
Year Built
2021
Rentable SF
13,209

Investment Overview

Marcus & Millichap's NNN and Industrial Team is pleased to present for sale 716 Adams Court (Strata Lots 1–4) in Kelowna, British Columbia (the "Subject Property"), a 13,209 SF strata industrial warehouse fully leased to The Hockey Rink Corp. The Subject Property is 100% triple-net leased to a corporate covenant, offering investors secure income with minimal landlord responsibilities. Strategically located in Kelowna's Airport Industrial area, the Subject Property benefits from convenient access to Highway 97 and close proximity to Kelowna International Airport and UBC Okanagan. This offering represents a rare opportunity to acquire a fully stabilized industrial asset in one of the Okanagan's most active and supply-constrained markets.

Investment Highlights

  • 13,209 SF of strata warehouse space across four contiguous units, including second-floor mezzanine space, offering a flexible industrial layout suitable for a range of users.
  • Fully leased on an NNN basis to The Hockey Rink Corp., an established Canadian corporate covenant with minimal landlord obligations.
  • Exceptional Highway 97 exposure with over 41,000 vehicles per day (VPD), providing strong visibility and seamless connectivity throughout Kelowna and the broader Okanagan corridor
  • Minutes from Kelowna International Airport, which has over $422M in planned infrastructure investment through 2033, and UBC Okanagan, a rapidly expanding campus supporting longterm population and employment growth.
  • Located in one of Canada's fastest growing cities, Kelowna's expanding youth demographic and rapid population growth continue to drive demand for sports and recreation facilities.

Exclusively Listed By

Warehouse

101 - 104, 716 Adams Court

Listing Price: $5,060,000

Cap Rate
4.75%
Gross SF
13,209
Price/Gross SF
$383.07
Lot Size
0.30 acres
Year Built
2021
Rentable SF
13,209

Investment Highlights

  • 13,209 SF of strata warehouse space across four contiguous units, including second-floor mezzanine space, offering a flexible industrial layout suitable for a range of users.
  • Fully leased on an NNN basis to The Hockey Rink Corp., an established Canadian corporate covenant with minimal landlord obligations.
  • Exceptional Highway 97 exposure with over 41,000 vehicles per day (VPD), providing strong visibility and seamless connectivity throughout Kelowna and the broader Okanagan corridor
  • Minutes from Kelowna International Airport, which has over $422M in planned infrastructure investment through 2033, and UBC Okanagan, a rapidly expanding campus supporting longterm population and employment growth.
  • Located in one of Canada's fastest growing cities, Kelowna's expanding youth demographic and rapid population growth continue to drive demand for sports and recreation facilities.

Investment Overview

Marcus & Millichap's NNN and Industrial Team is pleased to present for sale 716 Adams Court (Strata Lots 1–4) in Kelowna, British Columbia (the "Subject Property"), a 13,209 SF strata industrial warehouse fully leased to The Hockey Rink Corp. The Subject Property is 100% triple-net leased to a corporate covenant, offering investors secure income with minimal landlord responsibilities. Strategically located in Kelowna's Airport Industrial area, the Subject Property benefits from convenient access to Highway 97 and close proximity to Kelowna International Airport and UBC Okanagan. This offering represents a rare opportunity to acquire a fully stabilized industrial asset in one of the Okanagan's most active and supply-constrained markets.

Exclusively Listed By

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