This 32.91-acre industrial property in Lumby features a state-of-the-art 19,500 sq. ft. facility, zoned I2 Light Industrial. Equipped with municipal water, sewer, and 3-phase 600v power, the main floor is fully finished, while the second floor has internal steel framing. The building, constructed for approximately $8 million, includes a large fenced compound on a 4.5-acre section. The remaining 28.41 acres have light industrial potential, with a subdivision application underway. The main facility is built to food and pharmaceutical-grade specs, adhering to Good Manufacturing Practices (GMP) for European export. Its interior walls are finished with mag board sheathing on steel studs, and the space includes emergency power switching, security wiring, and east-facing floor-to-ceiling windows in the two-storey entry. Additional features include air conditioning, a dehumidification system, and an open tread staircase. If the subdivision is approved, the building site will be listed for $4.5M, with the remaining 27 acres of raw land offered for $2.3M. (id:2493)More details
Situated prominently on 25 Avenue in Vernon, this 15,074 square foot concrete block light industrial building commands attention on a .66 acre high exposure level lot. Its strategic location offers prime visibility and accessibility. The building's frontage on 25 Avenue is versatile, with the potential to be divided into four separate units thanks to existing door placements, catering to a range of tenants' needs. Meanwhile, the rear portion, accessible from 24 Avenue, features a paved and fenced yard area, facilitating smooth operations. The property boasts newer roof and mechanical systems, indicative of its well-maintained status and potential for reduced maintenance costs. 3 of the 6 overhead doors are newer, 2 have electric openers. LED lighting. Currently, two of the three existing leases are notably below market rates, presenting an opportunity for increased returns upon renewal in 2025 and 2027. This favorable leasing situation positions the property for a significant uptick in profitability, aligning with market trends and maximizing its investment potential. (id:2493)More details
Rare Industrial Building centrally & conveniently located on 31st St with lots of parking & potential for your new or existing business, storage use or a list of uses with the flexible I1 Zoning. Lots of parking and easy to the access. Property has some unimproved & fenced areas to perhaps expand the size based on zoning etc or use as secure parking etc. Building is approx 3500 sq ft (id:2493)More details
Data was last updated October 5, 2024 at 12:45 AM (UTC)
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