For Sale · Office

495 Banks Road Unit# 202, Kelowna

495 Banks Road Unit# 202, Kelowna, BC V1X6C3

Price on request

—

Asset Class

Office

Size

—

Building class

B

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

98%

About this property

This 1,356 SF second-floor office space offers a clean and practical layout featuring a reception area, four (4) private offices, a boardroom, in-unit kitchenette, in-suite washroom, and storage room. The approximate gross monthly cost is $2,420.46 (including triple nets) per month. This space is well suited for professional or officer users seeking a functional and affordable office space. Located at the quieter end of Banks Road, the property provides a calm working setting while remaining close to Highway 97, surrounded by many amenities which provides tremendous value for the space. The unit comes with ONE (1) designated parking stalls (potential for more) plus plenty nearby street parking. Available immediately. Please Note: Landlord will be completing interior painting similar to AI renderings within the listing brochure (light grey; landlord will not provide painting beyond this). **Ceiling height to be confirmed** (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

130,160

Households

57,350

Median income

$84,500

Median age

44.5

Daytime population

123,744

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 495 Banks Road Unit# 202, 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.