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675&683 Dease Road,
Rutland North Kelowna V1X4A4

$14,950,000
Industrial

Main Photo: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
Photo 1: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
Photo 2: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
Photo 3: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
Photo 4: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
Status:
Active
Prop. Type:
Industrial
MLS® Num:
10244909
Build. Type:
Other
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:2493)
Property Type:
Industrial
Transaction Type:
For sale
Community:
Rutland North
Building Type:
Other
Fireplace:
No
Lot Frontage:
225'
Acreage:
Yes
Lot Size:
3.06 acre(s)
Lot Size:
3.06 ac|1 - 5 acres
Lot Details:
3.06
  • Photo 1: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
    Photo 1 of 4
  • Photo 2: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
    Photo 2 of 4
  • Photo 3: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
    Photo 3 of 4
  • Photo 4: 675&683 Dease Road, in Kelowna: Industrial for sale : MLS®# 10244909
    Photo 4 of 4
Listed by Venture Realty Corp.
Data was last updated May 23, 2022 at 12:45 AM (UTC)
Sage Executive Group
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.