Property Details

RETAIL STRATA FOR SALE
Asking Price: $4,995,000

975 Academy Way, Kelowna

Description:

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.

Download PDF Brochure

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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