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For Lease · Office

3017 Tutt Street, Kelowna

3017 Tutt Street, Kelowna, BC V1Y2H4

$28 per sq ft / yr

—

Asset Class

Office

Size

—

Building class

C

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

93%

About this property

Stand-alone commercial building on 0.2 acres (approx. 8,712 sf) in the heart of the Pandosy area of Kelowna. Self-contained, single storey, commercial building totalling 1,374 SF comprised of an inviting entryway with reception desk and waiting area, 5 individual offices, boardroom with kitchenette area, file and photocopy area, and an in-suite washroom. Accessible front entrance from Tutt Street with ramp and large patio, as well as a rear exit into the dedicated parking area. Parking area is located to the rear of the property and has space for approx. 5 or 6 cars and is fenced with decorative metal gates. Abundance of street parking in the area and a short walk to amenities and public transportation. This is an ideal professional office space that is clean, well maintained, and available April 1. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$28
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

2.54%

DSCR

1.14

Going-in cap

6.30%

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

97,076

Households

36,367

Median income

$106,500

Median age

34.1

Daytime population

118,180

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 3017 Tutt Street, 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.