For Lease · Office

1710 Ellis Street Unit# 18/19, Kelowna

1710 Ellis Street Unit# 18/19, Kelowna, BC V1Y2B5

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

83%

About this property

Opportunity to lease well-appointed, built-out office space with convenient access from Highway 97 onto Ellis Street. Located minutes from the William R. Bennett Bridge and Kelowna’s downtown core, the property offers excellent accessibility, ample parking and proximity to a wide range of amenities. Previously improved as a counselling and naturopathic medical office, the premises feature large windows providing abundant natural light, multiple enclosed offices, an in-suite washroom and kitchenette, and access to common area washrooms. Ample common parking is available directly outside the building, with additional street parking along Ellis Street. The space is well suited to a variety of professional office and service-oriented users, with flexibility to accommodate different business needs. The Landlord is offering attractive leasing incentives to qualified tenants. Contact the listing agents for further details or to arrange a viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

131,959

Households

49,105

Median income

$86,000

Median age

42.7

Daytime population

118,157

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 1710 Ellis Street Unit# 18/19, 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.