For Lease · Industrial

131 Tilley Road, Kelowna

131 Tilley Road, Kelowna, BC V4V2K5

$18 per sq ft / yr

—

Asset Class

Industrial

Size

—

Building class

B

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

98%

Clear height

23 ft

Loading docks

13

About this property

Bright 1,220 SF second-floor office in Ellison’s industrial corridor, minutes from Kelowna International Airport and Hwy 97. Private ground-level entry with a front retail door leads to an open upper area plus three walled offices, each with large windows and expansive views over the Ellison bench. I-3 zoning suits engineering, logistics, trades administration, dispatch, or professional offices wanting proximity to the airport and industrial base. Plumbing roughed in for a private upstairs washroom. $18.00/SF net plus approx. $4.00/SF additional rent (NNN). Flexible term with renewal option. Ready for Business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$18
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-0.32%

DSCR

0.98

Going-in cap

5.44%

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

62,954

Households

22,602

Median income

$121,500

Median age

38.7

Daytime population

69,148

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 131 Tilley 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.