For Sale by way of share sale or asset sale.
Underdeveloped income producing property on a Prime 3.29 acre corner site off of HWY 97
Kelowna BC. Currently generating over $485,000 NOI. Anchor tenant is Budget Car Rental
occupying a free standing 4,900 SF building on 1 acre. The remainder of the property consists
of 3 single storey buildings with 14 tenants leasing approximately 25,000 SF. Lease rates
for these commercial rental units are $2 to $3 dollars below current market rents. Excellent
opportunity to create additional revenue and or redevelopment.
Civic Address: 2670 Enterprise Way
Legal Description: Parcel Z (X187818) District Lot
124 ODYD Plan 16211 Except Plans 38878, KAP 73106
Services: City Water/Sewer, Hydro, Gas. The
building with the 14 CRU’s are on septic but sewer is
Age of Building: 1989
Construction: Concrete Block
Property Size: 3.29 Acres
Property Taxes: $105,957 (2022)
Zoning: C10 Service Commercial
Budget Car Rental
Latest renewal commenced March 1, 2022 for 5 years with no renewal options. Rent at $11,700 per
month pls GST. Triple net to include 40% of insurance and property Taxes
3 Additional buildings of approximately 25,000 SF single storey with 14 commercial rental units (see
tenant schedule) Most tenants are long term and on annual leases. Rents for these commercial rental
units are currently $2 – $3 below market which could equate to an additional $50,000 per year if raised
to market rent. Tenants pay own garbage, recycling, and power.
C10 Service Commericial – zoning allows for multitude of uses.
Site is currently under utilized.