$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
$2,250,000
Like this listing?
Contact us for more information
Available for sale: a 100% interest in 1420 Northwest Boulevard (Highway 3), a +24,742 SF mass timber industrial building located in Creston, BC. Situated on a large 6.35-acre site, the property offers an exceptional combination of stable in-place cash flow, substantial upside through rent increases, and subdivision or development potential with approximately 4.7 acres of excess land (assuming 35% site coverage for the existing building). The site sits adjacent to some of Canada's most significant corporate brands, including McDonald's, Tim Hortons, Home Hardware, Brandt, Kubota, Peterbilt and GM. Soaring warehouse ceiling heights up to 26’9” and 12 loading bays including both grade level and truck level options, make this one of the most versatile industrial buildings in the region. Currently 100% leased on flexible leases to a diverse mix of well-established local, regional and national tenants, the property generates an in-place net income of $164,231 with average gross rents of $8.56 PSF—estimated to be 63% below market. This offers investors a rare and immediate opportunity to unlock significant value through lease renegotiations or tenant turnover. With both industrial and commercial zoning, the site supports a wide range of uses. This offering is ideally suited to both investors seeking value-add industrial exposure and businesses looking for a partially or fully owner-occupied solution in one of the Kootenay region’s most prominent highway commercial corridors. (id:45055)
-
Property Details
MLS® Number 10353681 Property Type Industrial Neigbourhood Creston -
Building
ConstructedDate 1960 HeatingFuel Other HeatingType Overhead Heaters SizeInterior 24,742 Ft2 Type Other UtilityWater Municipal Water -
Land
Acreage Yes CurrentUse Industrial Sewer Municipal Sewage System SizeIrregular 6.35 SizeTotal 6.35 Ac|5 - 10 Acres SizeTotalText 6.35 Ac|5 - 10 Acres ZoningType Unknown -
Rooms
-
Utilities
Your Favourites
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 07 2025 01:21:45
Association of Interior REALTORS®
Royal LePage Kelowna
