• 675&683 Dease Road, Kelowna
  • 675&683 Dease Road, Kelowna
  • 675&683 Dease Road, Kelowna
  • 675&683 Dease Road, Kelowna

$14,950,000

ID# 10244909

675&683 Dease Road,

Kelowna, British Columbia V1X4A4
Very Rare opportunity to buy an "inner city" industrial park. A Share Sale may be an option (save the PTT). Two titles, 6 buildings totaling 48,000 sq ft of ground floor leasable area. 225 feet of street frontage on Dease Road. Great net revenue stream from 12 tenancies. Complex is 100% leased. Some tenants currently at below market rate so there is upside in rents on renewals. Five year projected rent schedule is available along with current rent role and DD material upon signing a Non Disclosure Agreement. NDA will be provided by Listing Broker. Current site coverage is 36%. With the maximum allowable site coverage at 60% and an FAR of 1.5 on this I-2 site, there is an opportunity to build out additional 30,000 of new ground level space. With an FAR of 1.5 more space could be developed vertically. There are multiple redevelopment options on one or both of these sites. For more information or to arrange a tour of the property call listing broker directly. Disclosure: Listing Broker is the sole director in another company that has a 20% interest in 1153542 BC Ltd. (id:3942)
Courtesy of Venture Realty Corp.

Listed on: January 24, 2022

On market: 154 days

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Greg Kilmartin Real Estate Agent

GREG KILMARTIN

SALES REPRESENTATIVE

Office: (250) 860-1100

Royal LePage Kelowna

#1 – 1890 Cooper Road

Kelowna, BC V1Y 8B7

Phone: (250) 860-1100

Toll Free: (800) 421-3214

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