Industrial strata units open

PC Urban Properties is celebrating the completion of its third strata industrial development in Kelowna, at 9640 McCarthy Road.

The four-acre site is now 50% sold and is home to a 105,000-square-foot development for local small- and medium-sized businesses seeking their own purpose-built, commercial and light industrial real estate, businesses like Kelowna-based Lazer Construction.

General manager Ray Lee says he just purchased a unit at McCarthy and also bought at PC Urban’s previous industrial strata development called Powerhouse, on Clement Avenue at Packer’s Junction.

Lee runs his contracting business from Powerhouse and will use the McCarthy Road unit for storage.

“They built a great product, and I regret not buying more space at Powerhouse,” he said. “So, when McCarthy came up, it was a no brainer. The space is so versatile and my space at Powerhouse has appreciated almost double in price since I bought it. The economy may be slow now, but in 10 years, what we bought this for won’t matter because of the appreciation.”

In partnership with Nicola Wealth, PC Urban’s IntraUrban McCarthy is the company’s newest industrial offering in Kelowna, and will welcome buyers in September.

With strata industrial spaces starting at 2,068 square feet, these industrial strata units offer an attractive combination of a highly strategic location, modern design and investment potential for light industrial and commercial end users, or those looking for recreational storage.

Located north of Kelowna, close to Highwy 97 and the airport, the project is set in an industrial growth hub offering space that is more economical than alternative industrial offerings between downtown and the airport.

“This is by far our nicest project, with levels of design that are too good to be industrial,” says PC Urban CEO, Brent Sawchyn. “We believe in the long-term growth in Kelowna and that the industrial asset class will be one of the strongest moving forward.”

PC Urban has a well-known track record of building highly-successful commercial and industrial spaces throughout the province, including IntraUrban Enterprise on Dilworth Drive and Powerhouse on Clement Avenue at Packer’s Junction. Both projects demonstrate the company’s expertise in building next-generation business properties that reflect a deep understanding of the needs of today’s owners and entrepreneurs.

The company’s industrial developments are known for adding extra, unexpected value to each development, including heritage, art and community features.

“The feedback from everyone who has toured the space has been overwhelmingly positive, with many calling it some of the finest commercial space built in the Okanagan,” says Steve Laursen of Royal Lepage.

“The development team truly went above and beyond with this project. Any business would be proud to call this space home. We’re excited to welcome businesses and investors to tour this exceptional property.”

For more information: intraurban.ca.

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