For Lease · Retail

1974 Kane Road Unit# 310, Kelowna

1974 Kane Road Unit# 310, Kelowna, BC V1V3C4

$34 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

98%

About this property

Excellent opportunity to lease a high-profile end-cap retail space in the heart of Kelowna’s Glenmore community. Located within a busy neighbourhood shopping centre anchored by Save-On-Foods, Shoppers Drug Mart and Beem Credit Union, the property offers excellent exposure, convenient access and ample on-site parking. The premises are currently configured with two large fitness/studio rooms, a spacious reception area, three private offices and two in-suite washrooms. The existing improvements are well suited for boutique fitness, health and wellness, medical or allied health practitioners, professional services and a variety of retail/service uses. The space can also potentially be demised to accommodate other tenancy requirements. Take advantage of this opportunity to secure a prominent location in one of Kelowna’s most established and desirable residential communities. Contact the listing agent today for additional information. (id:66811)

Financial sandbox

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Estimate
Purchase price$34
Down payment30% · $10
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

0.30%

DSCR

1.02

Going-in cap

5.63%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

121,023

Households

45,207

Median income

$93,500

Median age

43.1

Daytime population

163,318

5-yr growth

8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1974 Kane Road Unit# 310, Kelowna.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.