Commerical Strata Unit, Kelowna

650,000For Sale

Ideal commercial strata unit, located at the popular and highly visible University Business Park. This two story unit offers a finished reception with a counter high desk, all glass frontage & 2 piece bathroom. Direct entry to the workshop & warehouse including loading bay and man door, plus mezzanine storage. Upper level offers 2 offices, 2 bathrooms plus a large common area. 

 


Commerical Strata Unit, Kelowna

    PROPERTY DETAILS

    • Two story, commercial strata unit
    • 2502 sq' leasable space: 1798 sq' main | 704 sq' second level
    • Concrete tilt up construction built in 2000 | New roof in 2016
    • Professionally managed strata corp
    • 2 Dedicated parking stalls in front plus additional at rear/ loading bay
    • Pylon Signage: $157.50 (gst incl.) | Strata Fees: $517.39 (gst incl.)
    • 2019 Gross taxes: $6092

    KEY FEATURES

    • Zoned C10 allowing for a wide variety of business applications. 
    • Excellent business location, with easy access from Highway 87 N bound traffic, Rutland road and the newly completed highway interchange & commercial grade round-about. 
    • Nicely finished main level with bright, all glass reception entry
    • Counter high service/ reception desk & 2 piece handi-cap washroom
    • Direct access to the rear warehouse with rear, grade level overhead door, man door and mezzanine storage
    • Second level provides 2 bright office spaces, large common area and 2 additional bathrooms
    • Benefits from private, lock off door to second level for sub-lease. 

    TENANT

    • Currently leased through May 2023
    • Income represents a 5.4% Cap rate, after 3% discount for Vacancy & Collect Loss.