For Lease · Specialty

1750 Springfield Road, Kelowna

1750 Springfield Road, Kelowna, BC V1Y5V6

$29 per sq ft / yr

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

94%

About this property

Located at the corner of Springfield Road and Kirschner Road, this 1,200 sq. ft. This recently renovated commercial unit offers high visibility positioning suitable for office or retail use. The layout combines front facing accessibility with practical back of house functionality, featuring dedicated customer parking directly in front of the entrance and a 10 ft. grade level roll-up door in the rear for loading and deliveries. Additional parking is located behind the building, making it an efficient, well rounded space for day to day business operations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$29
Down payment30% · $9
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

2.16%

DSCR

1.12

Going-in cap

6.19%

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

141,212

Households

52,480

Median income

$105,000

Median age

44.4

Daytime population

200,712

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 1750 Springfield Road, 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.