Fully Leased Income Producing Industrial Property $ 5,700,000
1675 Maple Street, Okanagan Falls, BC

Fully Leased Income Producing Industrial Property $5,700,000.

1675 Maple Street, Okanagan Falls, BC

Property Description

HM Commercial Group has been engaged as the exclusive Realtors to facilitate the sale of 1675 Maple Street in OK Falls.

This 18.9 acre property is located in the South Okanagan and is fully-leased to Structurlam a pioneering company in the advancement of technological advancements for wood building products. They have locations throughout North America.

Structurlam recently expanded its lease to encompass 100% of the Property and is currently hiring employees at their OK Falls and Penticton plants. They recently signed a ten (10) year lease creating certainty for their company and the Landlord.

Upside Potential for the future could involve future subdivision and/or redevelopment.

  • Fully leased income producing industrial property
  • 90,000+ sq.ft. of buildings on 18.9 acres
  • 10 year term with rent bumps
  • Rapidly growing company

Additional Information

Municipal Address1675 Maple Street, Okanagan Falls, BC
Legal DescriptionLot 1 Plan EPP34540 District Lot 551 Land District 54 SDYD
Location1675 Maple Street is centrally located in Okanagan Falls, BC in the Southern Okanagan Valley. The property is situated just south of the commercial core of the town, with easy access to Highway 97 via Weyerhauser Road/Commercial Road. It is located just 21 minutes from Penticton, and 39 minutes from the US border crossing.
Building Area90,666 SF
Land Area18.903
ZoningI2, Heavy Industrial Zone
Taxes$88,698.83 (2017)

Property Map

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E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.

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Direct: 250.712.3130
Fax: 250.860.1600

2700 Richter St. Kelowna, BC V1Y 2R5