For Lease · Industrial

470 Neave Court Unit# 104, Kelowna

470 Neave Court Unit# 104, Kelowna, BC V1V2M2

$18 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

88%

Clear height

23 ft

Loading docks

10

About this property

Rare opportunity to lease approximately 2,777 SF of versatile light industrial warehouse space, thoughtfully designed across a functional two story layout. The main floor features an open warehouse area with 21ft clear ceiling height, a welcoming reception space, a private office, and a restroom. The second floor expands your operational space with a large open work area, two additional private offices, and a second restroom. Air conditioning is available throughout the office space. Perfect for secure secondary storage or specialized projects, the property includes a bonus Quonset hut located at the rear, along with four dedicated onsite parking stalls. Zoned for general light industrial use, this flexible layout is ideal for a wide range of business operations. (id:66811)

Financial sandbox

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Estimate
Purchase price$18
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-2.17%

DSCR

0.88

Going-in cap

4.89%

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

134,330

Households

54,377

Median income

$72,500

Median age

40.7

Daytime population

170,298

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 470 Neave Court Unit# 104, 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.