• 4501 31 Street, Vernon, BC
  • 4501 31 Street, Vernon, BC
  • 4501 31 Street, Vernon, BC
  • 4501 31 Street, Vernon, BC

7,708 ft²
Other
$3,160,000
Sale



SINGLE TENANT GOVERNMENT OF CANADA OPPORTUNITY IN VERNON $3,160,000 (5.00% CAP RATE) FEDERAL GOVERNMENT TENANCY LEASE EXPIRY AUGUST 31, 2034 NEWER CONSTRUCTION – BUILT 2014


The Space
Asking Price$3,160,000
Available Space7,708 ft²
Net Operating Income$157918
Property UseMixed use
SourceDirect

The Building

Marcus & Millichap is pleased to present for sale 4501 31 Street, Vernon, B.C. (the “Subject Property”). This offering represents a rare opportunity to acquire a newer, single-tenant investment property leased to the Government of Canada, providing investors with secure, long-term income backed by an exceptional covenant. Constructed in 2014, the Subject Property comprises 7,708 square feet of modern office and warehouse space on a 34,818 square feet site, situated within Vernon’s established commercial and light industrial corridor just north of downtown. The property is fully leased to the Government of Canada until August 31, 2034, offering investors nearly nine years of remaining term with no renewal options. With its strong tenant covenant, long lease term, and minimal capital requirements, the Subject Property offers investors a stable, low-risk investment in a newer building within a growing Okanagan market.

Property TypeOther
Building Size7,708 ft²
Lot Size34,818 ft²
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