FOR SALE
Offered at $1,759,000
9503 Cedar Ave Summerland, BC Receipt of this information brochure does not constitute any type of agency relationship between the recipient and or Engel & Völkers South Okanagan, Jonathan Wall Personal Real Estate Corporation . The information contained herein is for general information purposes only. It makes no guarantees or warranties of any kind regarding the content’s accuracy. Recipients should perform their own due diligence as to the accuracy or contents contained herein
Commercial Purchase Opportunity Turnkey mixed-use industrial investment in the growing Summerland, BC industrial corridor. Prime location in Summerland’s emerging industrial area with convenient access to major routes and local services. This 6,440 sq ft building on a 0.40-acre corner lot offers high visibility, excellent access, and 100% leased income with a diverse tenant mix supported by flexible zoning that allows uses beyond traditional industrial. Built in 2010 and well maintained, this low-maintenance, cash-flowing asset is ideal for local or out-oftown investors seeking stable returns. The building features 6 equally sized bays, each with a 12’ x 10’ overhead loading door, 2-piece washroom, and dedicated hot water tank, making them highly desirable for small to mid-size businesses. Consistent full occupancy and rental growth demonstrates strong demand for this unit size in the market. Additional highlights include ample on-site parking, efficient layout, and long-term tenant appeal. Future stratification potential offers added value and exit flexibility. Competitive cap rate and diversified tenancy make this an excellent addition to any commercial portfolio.
E.ca
Overview M2 Zoning allows for a diverse tenant mix beyond industrial Corner lot with excellent exposure in Summerland’s industrial zone Low maintenance property requires minimal upkeep and management +/- 6,400 SQFT of gross space on .40 acres Fully leased and no vacancies for several years Market supports an increase in rental rates in the short and long term Room for expansion or stratification. Adding a second floor on part of the building is possible Location provides easy access to Hwy 97 and proximity to local amenities
Property Details Civic Address
9503 Cedar Ave. Summerland, BC V0H 1Z2
PID
007-732-201
Legal Description LOT 1 DISTRICT LOT 2195 OSOYOOS DIVISION YALE DISTRICT PLAN 20797 EXCEPT PLANKAP89709 Year Built
2010
Lot Size
.4 Acres - corner lot
Zoning
M2 - Heavy Industrial Zone
Foundation
Concrete
Exterior
Cement Block, Wood Frame, Stucco
Heating/Cooling
Gas heaters in each unit
Parking
11 Parking Spaces
Hot Water
ElectricHWT in each unit
Electrical
100 Amp panel in each unit
Utilities
Hydro, city sewer, water, gas, all floor drains connected to oil separators
Roof
Torch On
Loading Bay
12'x10' roll up door
Washroom
2 pce in each unit
Income and Expense Statement Gross Income - March 2027 Annualized Run-Rate
$122,917
Expenses Property Taxes
$14,047.00
Insurance
$5,457.00
Utilities / Miscellaneous / Admin
$3,910.00
Total Expenses
$23,414.00 Summary
Net Operating Income CAP Rate - Based on asking price of $1,759,000
$99,502 5.66%
All figures are estimates for information purposes; purchasers should verify against leases, bills, tax records and their own due diligence.
The property remains fully occupied, with rent increasing from 2025/2026 Leases are generally short term with the following expiration dates TH Wines - Holds 2 spaces leased through Sept. 30, 2027 Buck Contracting - Anticipated renewal through Oct. 31, 2027 Detonate Brewing - Holds 2 spaces leased through Oct. 31, 2027 Lone Tree Coffee - Leased through Aug. 31, 2028
M2 Zoning Purpose To provide a zone to accommodate more intensive industrial Uses as well as service commercial, light industrial and storage Uses. Lands must be designated as Medium Industrial under the District’s Official Community Plan. Principal Uses The following Uses and no other Uses shall be the permitted Principal Uses in this zone subject to all applicable regulations of this Bylaw: (a) Animal Shelter, Major, subject to Section 7.14295; (b) Auctioneering Establishment; (c) Automobile Sales & Rentals; (d) Automotive & Equipment Repair Shop; (e) Autobody Repair Shop; (f) Bulk Fuel Depot; (g) Commercial Storage; (h) Contractor Services, General; (i) Contractor Services, Limited; (j) crematorium; (k) Eating & Drinking Establishment; (l) Equipment Rental; (m) Farm Equipment, Supplies, and Sales296; (n) Fleet Service; (o) Greenhouse and Plant Nurseries297; (p) General Industrial Uses; (q) Cannery and Packing House298; (r) primary & secondary processing of Agriculture Products excluding abattoirs299; (s) Recycle Drop-Off Centre; (t) Recycling Depot; (u) Research Centre and Laboratory; (v) sawmill; (w) Service Station; (x) Storage Yard; (y) Warehouse Sales Establishment; (aa) Winery & Cidery; (bb) Craft Brewing & Distilling; (cc) Wrecking Yards; and (dd) Cannabis, Licensed Production
This property is proudly marketed by
Jonathan Wall Personal Real Estate Corporation Real Estate Advisor 604-202-3771 jonathanwallrealestate.com Engel &Völkers South Okanagan
Receipt of this information brochure does not constitute any type of agency relationship between the recipient and or Engel & Völkers South Okanagan, Jonathan Wall Personal Real Estate Corporation. The information contained herein is for general information purposes only. It makes no guarantees or warranties of any kind regarding the content’s accuracy. Recipients should perform their own due diligence as to the accuracy or contents contained herein