For Lease · Office

1117 Bernard Avenue, Kelowna

1117 Bernard Avenue, Kelowna, BC V1Y6R3

$34 per sq ft / yr

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

98%

About this property

In-line office premises in the commercial complex at the signalized intersection of Bernard Avenue and Gordon Drive. Approximately 1,073 SF, configured with an open work area, two private offices, a staff/storage room and an in-suite washroom. Large windows face Bernard Avenue, with a separate glass entrance door. Zoned TS1 – Transit Supportive Corridors. Prospective tenants should confirm that their proposed use is permitted. The adjacent retail premises at 1115 Bernard Avenue, approximately 2,394 SF, are also offered for lease. Premises is being measured to BOMA standards and the sizing will update once known. (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

57,190

Households

26,685

Median income

$110,500

Median age

33.6

Daytime population

49,154

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 1117 Bernard Avenue, 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.