Vacant-User
865 Notre Dame Drive
865 Notre Dame Drive, Kamloops, BC V2C 5N8
Listing Price: $9,500,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 865 Notre Dame Drive, Kamloops, B.C. (the “Subject Property”), a 29,000 SF multi-tenant industrial property situated on a 3.01-acre corner site in the highly sought-after Southgate area. Prominently positioned at the signalized intersection of Notre Dame Drive and Dalhousie Drive, the Subject Property benefits from excellent exposure and accessibility, together with rare 22% site coverage providing substantial yard area for outdoor storage, equipment, and fleet parking.
Approximately 10,000 SF will be available with vacant possession, providing an immediate opportunity for an owner-user while existing tenancies help offset carrying costs. With the remaining leases expiring in July 2027 and January 2028, there is also potential to expand into additional space over time, subject to each tenant’s renewal rights.
Supported by strong underlying land value and flexible I1S (Industrial Park) zoning, the Subject Property offers a compelling combination of immediate owner-user functionality, value-add potential, and long-term redevelopment optionality.
865 Notre Dame Drive
Investment Highlights
- Prominent signalized corner of Notre Dame Drive and Dalhousie Drive with dual street frontage, providing superior visibility over most other industrial properties in Southgate.
- Approximately 10,000 SF (34.5% of the building) available with vacant possession, allowing an owner-user to occupy immediately while in-place tenancies help offset carrying costs.
- In-place leases expire in July 2027 and January 2028, providing an owner-user a potential path to expand into the balance of the building over time, subject to each tenant's 1 x 5-year renewal option.
- In-place leases expire in July 2027 and January 2028, providing an owner-user a potential path to expand into the balance of the building over time, subject to each tenant's 1 x 5-year renewal option.
- 22% site coverage on 3.01 acres provides extensive yard area for outdoor storage, equipment, and fleet parking, a scarce offering in Kamloops' industrial market.
- Permits a broad range of industrial uses, supporting a wide pool of owner users and tenants
- Situated in one of Kamloops' most sought-after industrial and service commercial nodes, near Thompson Rivers University and major arterial routes.
- Designated Mid-Rise Commercial under Kamloops' OCP, supporting long term intensification into multi-storey commercial, residential and mixed use development, with densities contemplated up to 3.6 FAR.
Exclusively Listed By
Listing Price: $9,500,000
Investment Highlights
- Prominent signalized corner of Notre Dame Drive and Dalhousie Drive with dual street frontage, providing superior visibility over most other industrial properties in Southgate.
- Approximately 10,000 SF (34.5% of the building) available with vacant possession, allowing an owner-user to occupy immediately while in-place tenancies help offset carrying costs.
- In-place leases expire in July 2027 and January 2028, providing an owner-user a potential path to expand into the balance of the building over time, subject to each tenant's 1 x 5-year renewal option.
- In-place leases expire in July 2027 and January 2028, providing an owner-user a potential path to expand into the balance of the building over time, subject to each tenant's 1 x 5-year renewal option.
- 22% site coverage on 3.01 acres provides extensive yard area for outdoor storage, equipment, and fleet parking, a scarce offering in Kamloops' industrial market.
- Permits a broad range of industrial uses, supporting a wide pool of owner users and tenants
- Situated in one of Kamloops' most sought-after industrial and service commercial nodes, near Thompson Rivers University and major arterial routes.
- Designated Mid-Rise Commercial under Kamloops' OCP, supporting long term intensification into multi-storey commercial, residential and mixed use development, with densities contemplated up to 3.6 FAR.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 865 Notre Dame Drive, Kamloops, B.C. (the “Subject Property”), a 29,000 SF multi-tenant industrial property situated on a 3.01-acre corner site in the highly sought-after Southgate area. Prominently positioned at the signalized intersection of Notre Dame Drive and Dalhousie Drive, the Subject Property benefits from excellent exposure and accessibility, together with rare 22% site coverage providing substantial yard area for outdoor storage, equipment, and fleet parking. Approximately 10,000 SF will be available with vacant possession, providing an immediate opportunity for an owner-user while existing tenancies help offset carrying costs. With the remaining leases expiring in July 2027 and January 2028, there is also potential to expand into additional space over time, subject to each tenant’s renewal rights. Supported by strong underlying land value and flexible I1S (Industrial Park) zoning, the Subject Property offers a compelling combination of immediate owner-user functionality, value-add potential, and long-term redevelopment optionality.
Exclusively Listed By
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