2476 Westlake Road Unit# 100

CAP RATE 6.43% + NNN | West Kelowna Industrial Investment. Secure stable revenue in a high-demand industrial location. This 4,000 sqft I1-zoned commercial strata unit in West Kelowna Estates is fully leased to a reliable fitness centre tenant who has operated here for over 8 years. The unit features a mezzanine, 4 assigned parking spaces, and is part of a well-managed complex just off Highway 97 — beside National Storage and Warehouse. The tenant is midway through a triple-net lease, currently generating $75,600/year in total rent including a seller-financed equipment repayment. On November 1, 2025, lease revenue increases to $77,600/year, with the equipment repayment continuing through the term. The projected cap rate over the next 12 months is 6.43%. I1 zoning allows for indoor recreation, alcohol production, distribution, tech, service commercial, and more — giving this property long-term flexibility and tenant appeal. An ideal turnkey investment for buyers seeking passive income, zoning versatility, and strong location fundamentals in West Kelowna’s thriving industrial market. (id:58842)

Property Information

Property Type
Commercial
SqUARE FOOTAGE
4000
 sqft
Structure Type
Other
LAND SIZE
Roof Type
Lot
SEWER Type
Parking Spots
0
stories
Floor Type

More Information

Security
View
Parking
Exterior
Community
Common inTEREST
Listing Key
28545041
MLS ID
10354386
listing Office
listing Office key
47833
0
Beds
0
Baths
$
1199000

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Patrick Klassen

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