Property Details

Asking Price: $4,995,000

975 Academy Way, Kelowna


Fully leased Cap Rate already at over 5%± with rent steps to 6%± within a few years (see brochure). Vibrant 14,141± ft.² (leaseable) retail strata with wide frontages & a great UBC location. Adjoining 0.84±ac vacant land available separately with plans (est 0.36±ac developable). Leases in place to KBC – Kelowna Brewing Company, Medical Clinic, Tossing Pizzeria, Golden Island Restaurant, Convenience Store & Liquor Store. Flexible zoning: C3LR, Community Commercial (Liquor Primary) [see attached]. Exceptional on-site parking including LCP parking. All Tenants benefit from wide frontages! Average remaining term is 4+ years! See brochure for more details.  Offers evaluated starting at noon on June 24, 2021. Peter Bouchard will be unreachable June 10-16.

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Count on Corporate Accord Realty to provide you with the service you expect for your Kelowna Commercial Real Estate investment, lease and sale requirements. We also serve the entire Okanagan.

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