For Lease · Industrial

880 Clement Avenue Unit# 204, Kelowna

880 Clement Avenue Unit# 204, Kelowna, BC V1Y0H8

$24 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

86%

Clear height

27 ft

Loading docks

7

About this property

Unit 204-880 Clement Avenue: A well-located industrial flex space in downtown Kelowna's North End, within the established brewery district and fronting Clement Avenue. This 2,602 SF unit (1,947 SF main floor, 655 SF second floor) is zoned I1, offering flexible use for a range of occupants. Built out with one washroom, kitchenettes on both floors, and distributed HVAC and lighting to an open plan. Features one 12'x14' overhead door, 200 amp power service, and 2 reserved parking stalls. (id:66811)

Financial sandbox

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Estimate
Purchase price$24
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-6.53%

DSCR

0.65

Going-in cap

3.58%

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

44,582

Households

15,582

Median income

$116,000

Median age

32.8

Daytime population

48,607

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 880 Clement Avenue Unit# 204, 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.