For Lease · Specialty

1990 Landsdowne Place Unit# 4, Kelowna

1990 Landsdowne Place Unit# 4, Kelowna, BC V1X5C3

$26 per sq ft / yr

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

89%

Year Built

2018

About this property

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)

Financial sandbox

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Estimate
Purchase price$26
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 1990 Landsdowne Place Unit# 4, 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.