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$26 per sq ft / yr
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Asset Class
Specialty
Size
—
Building class
B
Zoning
US — Urban Services
$ / SF
—
Occupancy
89%
Year Built
2018
Well-positioned commercial space just off Highway 97 at Reid's Corner, within an established multi-unit building surrounded by retail, service and trades businesses. The unit has a guest-facing front entrance with large windows and a separate rear entrance for staff and service access. The space includes a kitchen interion health certified , a washroom, and dedicated heating and air conditioning. A security alarm and cameras are in place. Guest and staff parking are available adjacent to the building. Signage is available on the sign tower fronting Highway 97, visible to traffic travelling in both directions. Tenant improvements are negotiable, allowing the space to be configured to suit the tenant's operation. C2RCS zoning is one of Kelowna's broadest commercial zones, supporting many uses including health and wellness practitioners personal service businesses, food service, convenience and specialty retail, education and training, and client-facing professional services. Prospective tenants should confirm their intended use with the City of Kelowna. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$0
Projected NOI
$2
Annual cash flow
$0
Cash-on-cash
2.62%
DSCR
1.14
Going-in cap
6.33%
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.
Trade area within 3 miles of the property.
Population
41,497
Households
15,554
Median income
$101,000
Median age
45.1
Daytime population
69,576
5-yr growth
6.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1990 Landsdowne Place Unit# 4, Kelowna.
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.