3575 Alcan Rd. Kelowna, BC

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1 3575 Alcan Rd. Kelowna, BC Light Industrial Property w/ 325 of Highway Frontage Jeff Hudson Personal Real Estate Corporation Marshall McAnerney Personal Real Estate Corporation Tel: (250) Tel: (250) E: E:

2 EXECUTIVE SUMMARY HM Commercial Group is pleased to present this opportunity for a light industrial property with dock and grade-level loading, truck access and 325 feet of frontage on Hwy 97N in Kelowna, BC. This is an exceptionally rare offering for an improved Industrial Property in the heart of Reid s Corner Kelowna s largest and most established Industrial Area. Location and visibility are outstanding. PRIMARY BENEFITS Priced below replacement cost for land and building 325 Frontage on Hwy 97N, 145 Frontage on Alcan Road Superior visibility to passing motorists on Highway 97N at the corner of Alcan Road Corner location with Right-in, Right-Out access: Alcan/Hwy 97N 16 ceilings throughout majority of building Zoned I-2 General Industrial (extensive list of permitted uses, including outdoor storage) 22,580 sq.ft. Building Area on 1.09 acres Five (5) Dock-height loading bays at rear Two (2) Grade-loading off Alcan Road, 1 grade at rear Vacant possession, ready for re-letting to a new Tenant(s) and/or owner-user businesses Permitted Uses include: Auctioneering Establishments, Automotive & equipment repair shops, automotive & equipment repair shops, automotive & minor recreation vehicle sales/rentals, commercial storage, contractor services, general/limited, custom indoor manufacturing, equipment rentals, general industrial uses, household repair services. PROPERTY OVERVIEW List Price: $2,450,000 (only $108.50/sf of the building area) OFFERING PROCESS All Purchase Offers must include the Schedule A which is attached to this brochure, and should define the Vendor as The Bowra Group Inc., Manulife Place, West Pender Street, Vancouver, BC V6E 2M6, as Vendor of all the properties, assets and undertakings of SW Cycle Ltd. appointed by BMW Canada Inc. pursuant to an Instrument made in writing dated November 8, 2010

3 DEMISING OPTIONS Size (SF) Base Rent / SF Base Rent / Mth Loading Tenant Space A 12,980 $10.00 $129,800 4 x Dock 1 x Grade Tenant Space B 9,600 $8.00 $76,800 1 x Dock 2 x Grade Total 22,580 $206,600 5 x Dock 3 x Grade *Triple Nets estimated at $4.00 / SF (Includes Utilities)

4 PROPERTY DETAILS Civic Address: 3575 Alcan Road, Kelowna, BC Legal Description: Lot 2, Section 2,Twp 23, ODYD, Plan PID: Gross Leasable Area: 22,580 sq.ft. Property Size: 1.09 acres Loading: Dock-Height (4 doors at rear), Grade-loading (2 at front, 1-rear) Zoning (Current): I2 General Industrial (Zoning bylaw attached) Assessment Value: $2,431,000 Property Taxes: $35,327

5 LOCATION MAP SUBJECT

6 AERIAL VIEW Hwy Access Close Easement shared truck access (8.5 metres /28 feet between buildings)..a forever right of way of a width of fifteen (15) feet along the westerly boundary of lot 2, plan Copy of which can be provided upon request to the listing brokers. Blue shading added for visualization, not necessarily indicative of true meaning of easement. Buyers are encouraged to conduct their own due-diligence.

7 SEPTIC DIAGRAM (Source: Interior Health Authority)

8 Not part of the building. It is actually, a metal container, affixed to the building

9 POTENTIAL DEMISING PLAN

10 PROPERTY PHOTOS View looking south, showing angled parking stalls along the eastern perimeter. Grade-level overhead doors at NW corner of buildings. Okanagan Truck Performance utilized this as the service bay entrance. Internal view of the dock-height overhead doors in the former service-bay area. View is facing west (opposite view shown in the photo to the right). 43 from door to chain link fence. Outside view of door-height loading bays at the rear of the bldg. OH door on left services rear of western half of building.

11 PROPERTY PHOTOS Lane that bisects Subject from property to the West. Easement down middle provides vehicular access for both parties. Business to West is utilizing entire lane and will be cleared. Same lane looking North. Lane in process of being cleared. Subject is the white building on the right. Looking NW from the rear compound located at the SW corner of the property. Neighbouring business has stacked materials against the gate but this will be removed. Easterly view of fire-lane on southern perimeter.

12 PROPERTY PHOTOS TRUCK ACCESS Looking SW towards eastern-façade of building. Small windows dot the façade. Internal view of main entrance to former SW Motorad space. Note: Ramp to bring floor up to outside grade. Elevated view of the main showroom area in the former SW Motorad space (looking south). Three offices to the left and a former client lounge with kitchenette unit. Service area thru far doorway. 1 BR Caretaker Suite located in Mezzanine area, accessed from inside the easternmost half of the building (formerly SW Motorad). Small kitchen plus shower (not shown). Additional storage mezz area.

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14 ZONING

15 ZONING

16 THE SMALL PRINT This document/ has been prepared by HM Commercial Group for advertising and general information only and makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. HM Commercial Group excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of HM Commercial Group and /or its licensor(s). HM Commercial Group is a team of Real Estate Professionals licensed with MacDonald Realty Kelowna.