1069-1085 Gordon Ave for sale

Kelowna, British Columbia


Asking Price: Annual Revenue:
$2,995,000 Not Disclosed

Commercial Real Estate: Industrial, Warehouse


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RE: 1069-1085 Gordon Ave for sale Broker: Steve Harvey

Quick Facts

Asking Price: $2,995,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 803349055
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This industrial building was designed and constructed for five rental premises. The reported gross building area is 5,880 square feet. The building is now occupied by a single tenant, a medical marijuana producer. Each unit is now basically a shell and some of the bathroom fixtures removed. There are openings between each unit but some of these may have been already in place before the recent medical marijuana tenant. The interior will require renovating when the building is released. A new transformer has been installed on-site to handle the additional electrical needs. Upgraded main power to 800 amps 3 phase.

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Property Features and Assets:

Recent upgrades to the building include a new roof overlay (2014 installed), 10 new HVAC units (2018), and new metal siding along portions of the rear elevation wall. The exterior block requires repainting and fascia boards require either replacing and/or repainting. Some of the concrete blocks require sealing between cracks. Overall, the building has minor deferred repair items but is in overall average condition.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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