For Lease · Industrial

880 Clement Avenue Unit# 205, Kelowna

880 Clement Avenue Unit# 205, Kelowna, BC V1Y0H8

$24 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

93%

Clear height

29 ft

Loading docks

9

About this property

Unit 205-880 Clement Avenue: A well-located industrial flex space in downtown Kelowna's North End, within the established brewery district and fronting Clement Avenue. This 2,602 SF unit (1,947 SF main floor, 655 SF second floor) is zoned I1, offering flexible use for a range of occupants. Built out with one washroom, distributed HVAC and lighting, and an open floor plan. Features one 12'x14' overhead door, 200 amp power service, and 2 reserved parking stalls. (id:66811)

Financial sandbox

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Estimate
Purchase price$24
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-5.55%

DSCR

0.70

Going-in cap

3.88%

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

75,137

Households

33,279

Median income

$80,500

Median age

43.6

Daytime population

99,360

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 880 Clement Avenue Unit# 205, 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.