Property Details
1418-1420 Hunter Court, Kelowna
Description:
1± acre corner cul-de-sac lot with two Service Commercial buildings | 23,352sf± leasable building area includes 20852sf± at grade, 2000sf± leasable second-floor offices and 500sf± of leasable storage mezzanine [plus 2nd floor bonus areas] | Nice upside: average existing rents of $9.04/sf± are below competitive MLS lease options | McGregor & Thompson onsite for 25+ years | 3+ years remaining on existing lease | Land Use Contract (ask city planning to verify similarity to C10 Service Commercial Zoning) |$211,218± Estimated Net Income | 4.8% CAP on Ask | Offered at $4,400,000 | $101/sf± (land area) | Under $189/sf± leasable building area
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