For Lease · Specialty

515A Bay Avenue, Kelowna

515A Bay Avenue, Kelowna, BC V1Y7J8

$25 per sq ft / yr

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

95%

About this property

This versatile commercial space in Kelowna’s North End offers approximately 1,031 SF of open warehouse space, plus additional secured yard space, well suited to a variety of business uses permitted within the I2 zoning. The space is complemented by a well-maintained and nicely improved exterior. Double-wide doors at the rear provide convenient access for loading and deliveries, while a single-stall washroom adds to the functionality of the space. The included and enclosed yard area offers additional flexibility for parking, an outdoor extension of indoor operations, or other uses that best complement a tenant’s business needs. Nestled just off Ellis Street within Kelowna’s evolving North End commercial and residential corridor, the property is surrounded by many of the area’s popular craft breweries and is just minutes from Knox Mountain Park and Okanagan Lake. A unique opportunity combining flexible interior space, functional loading access, valuable outdoor area and a desirable North End location. (id:66811)

Financial sandbox

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Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

5.86%

DSCR

1.32

Going-in cap

7.30%

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

146,623

Households

50,640

Median income

$99,500

Median age

31.1

Daytime population

231,159

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 515A Bay 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.