20,000 SF turnkey facility + 3 acres of adjacent M-1 industrial land at 55% below Kelowna pricing. Available individually or as a combined 5-acre assembly for food processors, developers, and investors seeking 15%+ cash-on-cash returns.
CFIA-inspected facility with kill floor, cold storage, smokehouse & 20,000 SF of turnkey space. Retool faster than building new.
3 acres of M-1 industrial land at $400K/acre. Yard, storage, or base of operations with lowest capital outlay in the Shuswap.
Buy the 5-acre campus for $3.8M. Stabilize the facility, develop the land — industrial strata sellout potential of $11.5–$12.5M.
Full aerial tour of the 5-acre industrial campus — processing facility, adjacent land parcel, road access, and surrounding context.
Full aerial coverage + every room in the 20,000 SF facility. Scroll through or download the complete package to share with your team.
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Full iGUIDE 3D tour of the 20,742 SF processing facility. Explore every room, loading dock, coolers, production areas, and office space.
The building sells as the operating / cash-flow asset. The bare land sells as the development upside. Together, the assembly creates optionality for investors, owner-users, and developers.
The facility at $125/SF is a financeable operating asset. At a $16/SF NNN lease, it generates a 2.11x DSCR and 15.2% cash-on-cash return — with a breakeven rent of just $9.09/SF. Purpose-built cold-chain infrastructure commands a premium from the right tenant.
The 3.0-acre M-1 parcel at $400K/acre is priced 55–80% below Kamloops and Kelowna industrial land. Municipal gas and water are in place. No ALR restrictions. Three viable end games: open storage yard, industrial strata, or build-to-suit warehouse.
At $3.8M combined, a buyer gets a 5.0-acre industrial campus with an existing 20,742 SF facility and room to expand. The building provides day-one income while the land offers future density. Best for buyers who want optionality without paying a premium.
Ready to see the numbers? The full investment package includes pro formas for all three scenarios.
Specialized industrial / processing facility — formerly "Rocana Meats LTD.", a federally inspected pork processing & packing facility. 20,742 SF on 2.0 acres, zoned M-4 Abattoir.
Main building constructed with barn, slaughter house, cutting floor, coolers, freezers, and loading bay. Federally inspected processing facility.
Second building added with full permits by a local professional builder. Purpose-built sausage kitchen and food processing. Owner invested $100K+ upgrading electrical power lines.
Buyer controls tenant selection. Cold-chain infrastructure in place. Municipal gas & water connected. Septic system designed by Poing One Engineering with Ministry permit.
iGUIDE-measured floor plan prepared 2022/10/03. Two-storey structure with main processing on ground level and mezzanine meat plant (1,210 SF) above.
Main Floor — Interior Area 19,627 SF
Full Building Overview — Main + Top Floor Mezzanine (1,210 SF)
| Year | Roll Number | Tax Levy |
|---|---|---|
| 2022 | 01016.066 | $28,504.27 |
| 2021 | 01016.066 | $30,592.87 |
| 2020 | 01016.066 | $25,156.49 |
| 2019 | 01016.066 | $30,586.98 |
| 2018 | 01016.066 | $35,945.53 |
3.0-acre industrial land parcel with multiple end games. Currently bare land — previously used as septic field for the adjacent 4141 facility. Adjacent and accessible, with municipal gas & water in place.
Sources: HM Commercial 2025, public records.
| Year | Roll Number | Levy |
|---|---|---|
| 2022 | 01016.050 | $7,948.08 |
| 2021 | 01016.050 | $6,089.38 |
| 2020 | 01016.050 | $5,008.48 |
| 2019 | 01016.050 | $5,508.73 |
| 2018 | 01016.050 | $5,237.93 |
Lowest capital outlay and fastest route to income. Grading, gravel, drainage, fencing, gate, lighting, and small office / security component.
Best pure developer margin if the market supports small-bay owner-user demand. ~30,000 SF of smaller industrial bays with parking and servicing.
Most straightforward institutional narrative for a single user or a developer chasing a pre-lease / built-for-purpose exit.
The numbers behind the development scenarios. Both parcels sit in the City of Salmon Arm’s Industrial General OCP designation with supportive city policy and no ALR restrictions.
M-4 permits abattoirs, meat processing, rendering, cold storage, and ancillary industrial uses. Existing 20,742 SF building sits well within FAR limits. Rezoning to M-1 is straightforward if the buyer intends to reposition for general industrial use.
M-1 is the broadest industrial zone — permits warehousing, manufacturing, contractor yards, industrial strata, distribution, and service commercial. At 3.0 acres (130,680 SF), max buildable area under 0.60 FAR is ~78,000 SF before parking and servicing.
| Scenario | All-In Cost | Buildable SF | Projected NOI / Sellout | Yield on Cost / Margin | Timeline |
|---|---|---|---|---|---|
| Contractor Yard | $1.85M–$2.05M | N/A (open storage) | $120K–$180K NOI | 6.5%–8.8% | 3–6 months |
| Industrial Strata | $9.6M–$10.6M | ~30,000 SF | $11.5M–$12.5M sellout | 18%–20% margin | 18–24 months |
| Build-to-Suit | $7.5M–$8.5M | ~15,000–20,000 SF | $216K NOI (stabilized) | 5.65% yield on cost | 12–18 months |
| Convert Facility (4141 only) | $3.1M ($2.6M + $500K capex) | 19,706 SF (existing) | $317K NOI / $3.73M exit | 10.2% yield on cost | 6–9 months |
Strata pricing conservative to Kelowna/Kamloops. Lease rates based on pro forma modeling + regional benchmarks.
How these assets stack up against active and recent industrial listings in the BC Interior.
| Property | Price | Size (SF) | $/SF | Lot | Notes |
|---|---|---|---|---|---|
| 4141 54 St SE (Your Facility) | $2,600,000 | 20,742 | $125 | 2.0 ac | M-4 Abattoir, cold-chain ready |
| 5100 40 Ave SE (Your Land) | $1,200,000 | — | $400K/ac | 3.0 ac | M-1 Industrial, serviced |
| 56 Hadow Rd, Enderby | $2,600,000 | 31,940 | $81 | 39.8 ac | Court sale, ALR, ex-cannabis |
| 3101 10 Ave SW, SA | $4,500,000 | 9,704 | $464 | 4.0 ac | Retail, C-3, single tenant |
| 351-391 Hudson, SA | $4,500,000 | 26,725 | $168 | 0.56 ac | Office, C-2, 79% leased |
| Kelowna Industrial | Various | Various | $299–$410 | Various | HM Commercial Apr 2025 |
| Kamloops Industrial | Various | Various | $177–$215 | Various | LoopNet active listings |
See how this stacks up in detail — download the full competitive analysis
This isn't speculative. The region's food and beverage manufacturing sector is growing, and the infrastructure to support it hasn't kept up.
Opened 2021, fully occupied, active waiting list — proven unmet demand for food processing space in the Shuswap.
Shuswap/Thompson Okanagan = 16% of BC food & beverage manufacturing. This region punches above its weight.
Food/beverage manufacturing employment runs 3x the Canadian national average in this corridor.
100+ farms in city limits, 200+ in the immediate region, 600+ in the broader Shuswap. The raw material is here.
New OCP (Dec 2025) supports industrial expansion. 5-year tax exemption available for qualifying industrial uses.
Lower Mainland pricing is driving industrial users to BC Interior markets. Salmon Arm is on the receiving end of that capital flow.
Stress-tested underwriting across vacancy, interest rate, and hold period scenarios. Base case uses the facility pro forma assumptions: $14.40/SF NNN, 5% vacancy, 5.75% rate, 65% LTV.
| Vacancy Rate | Effective Gross Income | NOI | DSCR | Cash-on-Cash |
|---|---|---|---|---|
| 0% (Owner-Occupied) | $297,648 | $297,648 | 2.21x | 16.8% |
| 5% (Base Case) | $283,766 | $283,766 | 2.11x | 15.2% |
| 10% | $267,883 | $267,883 | 1.99x | 13.4% |
| 15% | $252,001 | $252,001 | 1.87x | 11.5% |
| 20% | $238,118 | $238,118 | 1.77x | 9.8% |
| 30% | $208,354 | $208,354 | 1.55x | 6.2% |
| 50% (Worst Case) | $148,824 | $148,824 | 1.11x | 0.8% |
Even at 20% vacancy, the facility delivers a 1.77x DSCR and nearly 10% cash-on-cash — well above breakeven. Debt service is covered at up to ~48% vacancy.
| Interest Rate | Annual Debt Service | DSCR | Cash-on-Cash |
|---|---|---|---|
| 4.75% | $118,416 | 2.40x | 18.2% |
| 5.25% | $125,892 | 2.25x | 17.4% |
| 5.75% (Base Case) | $134,472 | 2.11x | 15.2% |
| 6.25% | $143,052 | 1.98x | 15.5% |
| 6.75% | $151,932 | 1.87x | 14.5% |
| 7.00% | $156,468 | 1.81x | 14.0% |
| 7.50% | $165,636 | 1.71x | 13.0% |
The deal maintains strong coverage even at 7.50%. Rate sensitivity is manageable because of the low LTV (65%) and strong NOI relative to debt service.
| Hold Period | Exit Cap Rate | Projected Exit Value | Total Return | Equity Multiple | Annualized IRR |
|---|---|---|---|---|---|
| 3 Years | 8.5% | $3,338,424 | $1,589,722 | 1.75x | 20.4% |
| 5 Years | 8.0% | $3,547,075 | $2,827,080 | 2.11x | 16.1% |
| 7 Years | 7.5% | $3,783,547 | $4,117,109 | 2.53x | 14.2% |
| 10 Years | 7.0% | $4,053,800 | $5,891,460 | 3.08x | 11.9% |
Assumes 2% annual rent escalation, base case vacancy, and cap rate compression over hold period. Exit values based on forward NOI at projected cap rate. All returns calculated on initial equity of $910,000 (35% down on $2.6M). Full underwriting in the investment package.
The building is the operating story. The land is the upside story. Together, the package gives buyers more than one way to win. The current owners prioritize buyers who can purchase both properties.
Industrial real estate in a growing secondary market isn’t just a return play — it’s a tax-efficient, inflation-protected asset with downside protection most investments can’t match.
Returns shown for comparison. GIC/bond rates as of Q1 2026. REIT and equity returns are historical averages and not guaranteed. This facility’s 15.2% cash-on-cash is a projected return based on pro forma assumptions.
Property tax (~$2,375/mo) + insurance (~$1,200/mo) + basic maintenance (~$900/mo). No debt service if purchased all-cash. With financing at 65% LTV: add ~$11,206/mo debt service for total of ~$15,683/mo.
Worst-case: 12 months fully vacant with financing. That’s $188K in carrying costs — 20.7% of your initial equity of $910K. The building’s replacement cost alone (~$3M+) provides a floor under your investment.
The facility can sit nearly half empty and still cover debt service. At 5% vacancy, the DSCR is 2.11x — meaning the property generates more than double the income needed to pay the mortgage.
You’re buying at $125/SF. Building new costs $175–$225/SF for comparable industrial. The land alone is worth $400K/acre. Even in a downside scenario, the asset has embedded value that protects your capital.
The building qualifies for Capital Cost Allowance at 4% declining balance. On a $2.6M purchase (allocating ~$2M to building), that’s ~$80K in year-one CCA deductions against rental income — sheltering a significant portion of your cash flow from tax.
Salmon Arm offers a 5-year property tax exemption program for qualifying industrial improvements. New construction or significant capital upgrades on either parcel could qualify, reducing operating costs during the critical stabilization period.
If you hold investment real estate through a corporation, Section 85 of the Income Tax Act allows you to roll property into a Canadian corporation on a tax-deferred basis. Consult your tax advisor on structuring for this property.
Stuart can connect buyers with local property management firms experienced with industrial assets in the Shuswap. The leasing plan targets food processors, manufacturers, and cold storage operators — the same tenants showing up on the Zest Food Hub waiting list.
This is not a generic warehouse — it's a competitive advantage. Yes, it's a former meat processing facility. That means the infrastructure most operators spend $2M+ to build is already here: CFIA-inspected kill floor, commercial cold storage, smokehouse, packaging lines, and loading docks. The right buyer saves 18+ months and significant capital vs. building from scratch.
Protein, specialty manufacturing, refrigerated distribution, co-packing, or any operator who values an existing industrial shell with kill floor, cutting floor, coolers, and loading dock that can be retooled faster than building new.
The land parcel alone is a play for someone who needs a yard, open storage, or a base of operations. Lowest capital outlay, fastest path to income if the site can be graded.
Buy the campus, stabilize the building, and develop the land on your timeline. Industrial strata sellout in the $11.5M–$12.5M range at competitive pricing, or build-to-suit for an institutional exit.
Key identifiers and legal descriptions for both parcels. All information should be independently verified by purchaser.
Phase I Environmental Site Assessment on file. Less than 0.5 acre of the 5100 land parcel was used as septic field for the 4141 facility. ESA Phase 1 has not been completed on the 3.0-acre parcel. Soil or any other contamination is unknown to the current owner. Septic system designed by Poing One Engineering with Ministry of Environment permit; existing system was not completed per original design and may require compliance work for heavy processing reuse.
Stuart specializes in industrial and commercial investment properties across BC’s Interior — Salmon Arm, Kamloops, Kelowna, and the Okanagan corridor. His focus is on cash-flowing assets and development plays that deliver measurable returns for investors, developers, and owner-operators.
Every listing comes with full underwriting, pro forma analysis, and market intelligence — not just a price and a paragraph. If you’re looking at industrial opportunities in BC’s fastest-growing markets, Stuart is the call to make.
Pro formas for all three scenarios, floor plans, Phase I ESA summary, 109 high-res photos, zoning documentation & competitive analysis — delivered to your inbox in minutes.
Pro formas, floor plans, Phase I ESA, zoning documents, site plans, and environmental summaries available on request. Reach out to either agent below.
The opposite. CFIA-inspected processing infrastructure — kill floor, commercial cold storage, smokehouse, packaging lines, loading docks — costs $2M+ to build from scratch. A food processor or manufacturer buying this facility gets 18+ months of construction time and significant capital savings. The Phase I ESA is on file and available in the full investment package.
Salmon Arm industrial land is trading at $400K/acre vs. $900K–$1.2M in Kelowna and $600K+ in Kamloops. The facility ask of $125/SF is well below replacement cost. This is a market timing play — Salmon Arm is growing (population up 8.4% from 2016–2021, fastest in the Shuswap) but industrial pricing hasn’t caught up yet. The demand signals section covers why that gap is closing.
Yes. The “Convert & Reposition” scenario in the pro forma models the facility as multi-tenant light industrial (3–4 units). The cold storage, loading docks, and industrial shell work for food distribution, cannabis processing, craft brewing, specialty manufacturing, or any operator needing temperature-controlled space. Zoning is M-4, which permits a wide range of industrial uses.
A Phase I Environmental Site Assessment has been completed on the 4141 facility parcel. Less than 0.5 acres of the 5100 land parcel was used as a septic field for the facility. The septic system was designed by Poing One Engineering with a Ministry of Environment permit. Full ESA documentation is available in the investment package. Soil or contamination status on the 3-acre parcel is unknown to the current owner.
The 5100 parcel is zoned M-1 (General Industrial), which allows industrial strata, warehousing, contractor yards, open storage, and light manufacturing. The pro forma models a build-to-suit scenario with industrial strata sellout in the $11.5M–$12.5M range. Current M-1 zoning is flexible — full permitted use details are in the investment package.
Both. The facility at $2.6M and the land at $1.2M can be purchased individually. The combined assembly is offered at $3.8M. The bundle pro forma shows how the two-asset play creates the strongest return profile, but each asset stands on its own.
The pro formas model conventional commercial financing at 65% LTV, 5.75% interest, 25-year amortization. With those assumptions, the facility generates positive leverage from day one. We can connect qualified buyers with commercial lending contacts familiar with the property. Details in the full investment package.
Fill out the form above or call Stuart directly at 604-369-7304. The package includes all three pro formas, 109 high-res photos, floor plans, Phase I ESA summary, competitive positioning analysis, and zoning documentation. It’s free and confidential.