STRATA STYLE WAREHOUSE UNITS - HM Commercial
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Macdonald Realty Kelowna • Phase 1 Options from 3,823 SF up to 22,970 SF • Be your own Landlord, build equity, and invest in the Central Okana- gan’s strong commercial real estate sector • Central location with easy access to transit, and walking distance to Canadian Tire, Home Depot, Tim Horton’s, Two Eagles Golf Course • Flexible zoning - allows for office space or residential suites on 2nd level • Highway exposure, 30,000+ vehicles/day • PRICES STARTING AT $899,900 ($235 PSF) arting at $899,900 STRATA STYLE WAREHOUSE UNITS SPRING 2022 OCCUPANCY
Transcript of STRATA STYLE WAREHOUSE UNITS - HM Commercial
Macdonald Realty Kelowna
• Phase 1 Options from 3,823 SF up to 22,970 SF
• Be your own Landlord, build equity, and invest in the Central Okana-gan’s strong commercial real estate sector
• Central location with easy access to transit, and walking distance to
Canadian Tire, Home Depot, Tim Horton’s, Two Eagles Golf Course
• Flexible zoning - allows for office space or residential suites on 2nd level
• Highway exposure, 30,000+ vehicles/day
• PRICES STARTING AT $899,900 ($235 PSF) arting at $899,900
STRATA STYLE WAREHOUSE UNITS
SPRING 2022
OCCUPANCY
STANDARD FEATURES IN ALL UNITS
• Flexible zoning - allows for office space or residential suites on 2nd level
• Five (5) parking stalls allocated with each unit
• Includes a finished washroom on the main level, and roughed in washroom on the second level
• 200 amp, 3 phase electrical service
• Grade loading
• 12’ x 12’ overhead doors
• Concrete Exterior walls
• Extensive glazing
• Signage opportunities
PRICES STARTING AT $899,900 ($235 PSF)
Bldg A, Phase 1
Unit #Main Floor
2nd floor
Total Area (in Sq.Ft.)
Price/ Sq.ft.
List PriceBase Rent/
Mth*Mortgage Pmt/Mth**
Surplus Cash every
Mth
Market Value in 30 yrs***
101 2715 1139 3854 $255 $982,796 $4,818 $3,877 $940 $2,071,536
102 2704 1119 3823 $245 $936,684 $4,779 $3,695 $1,084 $2,438,956
103 2704 1119 3823 $245 $936,684 $4,779 $3,695 $1,084 $2,438,956
104 2704 1119 3823 $245 $936,684 $4,779 $3,695 $1,084 $2,438,956
105 2704 1119 3823 $245 $936,684 $4,779 $3,695 $1,084 $2,438,956
106 2704 1119 3823 $235 $899,900 $4,779 $3,550 $1,229 $2,651,091
Total 16234 6736 22970 $5,629,432 $28,713 $22,209 $6,504
*Base Rent of $15/sf is approximate market value, based on Total floor area
*Mortgage Pmt/Mth based on 75% Loan to Value, 25 Yr Amortization, 4.0% Interest Rate, compounded semi-annually not in advance
**Market Value in 30 years assumes capital appreciation of 3.0% per annum
Unit 101 3,854 SF
Unit 102 3,823 SF
Unit 103 3,823 SF
Unit 104 3,823 SF
Unit 105 3,823 SF
Unit 106 3,823 SF
PRICING - PHASE 1
POTENTIAL RESIDENTIAL 2ND FLOOR PLAN
INVESTMENT OPPORTUNITY
Investment Scenario #1: 75% Loan to Value
Unit Size (includes 2nd floor) 3823List Price $936,684
Down Pmt 25% $234,171Balance to Finance 75% $702,513Mortgage Pmt/Mth* $3,241
Base Rent / Sq.Ft. $14.25Base Rent / Annum $54,478Dividend Yield 5.82%Base Rental Income each Month $4,540
Net Cashflow/Month after Debt Service $1,299 per annum $15,589
Net Cashflow over first 5 years $77,9435 year equity paydown on Mortgage $97,8515 year total equity gain $175,793Average Annual Return on Equity 15.01%
NOTESDoes not reflect any vacancy allowance but also does not reflect capital increase in value (typically 2-4% per year)
Does not allow for any Tenant Improvement Allowances on office/showroom area
Excludes any applicable taxes and misc. closing costs
Tenant or operating Company pays all Triple Net (Prop.Taxes, Maintenance Fees, Insurance, Utilities)
Q: How does Carrington Industrial Business Park stack up against the competition?
A: Considering, the architectural details, glazing, grade-level loading, 24’ ceilings in warehouse, highway exposure and five (5) park-ing stalls with each unit, you be the judge…
Project Name Unit Sizes (SF) Pricing
Powerhouse (Clement Ave)
948 to 2,392 Starting @ $400 PSF
West Kelowna Industrial Park(Kyle Road)
2,774 to 5,495 Starting @ $265 PSF
2085 Pier Mac Way (Airport Business Park)
1,716 to 3,532 Starting @ $300 PSF
Airport Link (Airport Business Park)
1,363 to 4,749 Starting @ $265 PSF
COMPARATIVE MARKET ANALYSIS
CONTACT US
Carrington Industrial Park offers the opportunity for savvy business owners or investors to purchase strata style warehouse units in West Kelowna. Be your own Landlord, build equity, and invest in the Central Okanagan’s strong commercial real estate sector.
Contact us for further information and unit specifications. .
JEFF HUDSON*
T (250) 712-3130F (250) 860-1600E [email protected]
This document/email has been prepared by HM Commercial Group (Macdonald Realty Kelowna) for advertising and general information only. HM Commercial Group makes no guarantees, rep-resentations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability.
STEWART DUNBAR
C (250) 718-8775O (250) 860-7500E [email protected]
JEFF HUDSON* & MARSHALL MCANERNEY*
T (250) 712-3130F (250) 860-1600E [email protected]
