For Lease · Industrial

2642 Kyle Road Unit# 103/104, West Kelowna

2642 Kyle Road Unit# 103/104, West Kelowna, BC V1Z0C9

$15 per sq ft / yr

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

96%

Clear height

21 ft

Loading docks

11

About this property

Brand new industrial strata units at Kyle Road Business Park, ready for immediate occupancy. Units 103 and 104 can be leased on their own or together. Combined, they offer 5,877 SF: 4,194 SF on the main floor and a 1,683 SF mezzanine, plus two grade doors and 7 parking stalls. The units are built with precast concrete and have 28' clear ceilings, polished concrete floors, and a 500 lb/SF ground floor slab (the mezzanine is rated for 100 lb/SF). Each unit has a 12' x 14' grade-level overhead door, ESFR sprinklers, 200A 3-phase 120/208V power, LED lighting and an accessible washroom on the ground floor. Zoned I1. The park is minutes from Highway 97, and trailers and heavy-duty vehicles can get in and out easily. Units can be leased out separately; Unit 103: 2,290 SF main + 919 SF mezzanine = 3,209 SF total. 4 parking stalls. Unit 104: 1,904 SF main + 764 SF mezzanine = 2,668 SF total. 3 parking stalls. Multiple sizes available 2,668 SF up to 27,000 SF +/- (id:66811)

Financial sandbox

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Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

2.86%

DSCR

1.15

Going-in cap

6.40%

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

86,942

Households

39,009

Median income

$86,500

Median age

41.7

Daytime population

111,060

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 2642 Kyle Road Unit# 103/104, West 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.