For Lease · Specialty

510 Bernard Avenue Unit# 201, Kelowna

510 Bernard Avenue Unit# 201, Kelowna, BC V1Y6P1

$22 per sq ft / yr

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

96%

About this property

Position your business in the heart of Downtown Kelowna at 510 Bernard Avenue, offering up to 10,839 SF of adaptable commercial space with proposed demising options from approximately 3,517 SF. Located directly above the new Patagonia store (coming soon), the second-floor premises offers a combination of office, showroom, commercial kitchen, meeting, and support areas, providing flexibility for a wide range of commercial users. Whether occupying the space in its current configuration or adapting it to suit a new concept, the existing layout can accommodate a variety of operational requirements. Exterior signage opportunities on one of Kelowna's most notable intersections are also available. Prominently located at the corner of Bernard Avenue and Ellis Street with a timeless brick exterior, this highly visible opportunity is well suited for office, education, healthcare, fitness, hospitality, retail showroom, and other complementary commercial uses. Select trade fixtures and equipment are subject to confirmation. (id:66811)

Financial sandbox

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Estimate
Purchase price$22
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.93%

DSCR

0.79

Going-in cap

4.36%

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

123,015

Households

47,830

Median income

$82,000

Median age

41.1

Daytime population

191,763

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 510 Bernard Avenue Unit# 201, 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.