FOR LEASE PROPERTY DETAILS:

Transcription

1 FOR LEASE PROPERTY DETAILS: Scheduled to complete in the Spring of 2019, The Shore is a mixed use development with a total square footage of approximately 135,000 square feet. This property is located within Kelowna s trendy Lower Mission submarket, and directly across from one of Kelowna s best tourist attractions, Gyro Beach. The building will comprise of retail & office space, and 103 modern residential rental units. MACDONALD REALTY KELOWNA

2 FOR LEASE 3461 Lakeshore Road Kelowna, BC Retail Overview The retail component of this project features a total square footage of approximately 21,000 square feet over two podiums, which are separated by an expansive open courtyard, designed to accommodate patio space and desirable walking access from the parking lot. Over 55% of the ground level is currently leased or pending. Units from 1,000 square feet and up are available, with the potential to customize size and configuration to tenant s requirements. Targeted uses include a fitness user or yoga studio, full & quick service restaurants, a convenience store, a bank/credit union, salons & spas, and other boutique retail. Office Overview The office component of The Shore is approximately 21,000 square feet, and is currently 100% leased or pending. This second floor will feature floor to ceiling windows and exterior signage opportunities.

3 PROPERTY DETAILS CIVIC ADDRESS 3461 Lakeshore Road Kelowna, BC LEGAL DESCRIPTION Lot 36, 37 & 38, DL 134 ODYD Plan 3886 Except Plan BUILDING SIZE RETAIL AREA OFFICE AREA ZONING (CURRENT) LOCATION 135,000 SF 21,000 SF 21,000 SF C4, Urban Centre Commercial Located in the Lower Mission, directly across from Gyro Beach Kelowna, BC.

4 AERIAL MAP The Shore is situated in the highly sought after Lower Mission area, known for its boutique shopping, trendy restaurants, quaint coffee shops, and vibrant atmosphere. The property is located directly across the road from Lake Okanagan and Gyro Beach, ones of the City s most popular beaches. With Kelowna receiving over 1.9 million visitors annually, The Shore will directly benefit from a high tourist count in the Summer, with Gyro Beach known as one of the top tourist destinations. This augments the residential on-site plus the high concentration of local residencies immediately adjacent to the site, who due to the arterial street network have to intercept the site on a daily basis.

5 AVAILABILITY PLAN - RETAIL Up to 5,500 square feet available CRU 1 1,434 SF CRU 2 1,433 SF CRU 3 1,434 SF CRU 4 1,200 SF CRU 5 SHORELINE BREWING CRU 6 2,223 SF CRU 8 1,665 SF CRU 9 1,502 SF CRU SF Available Leased/Pending

6 AVAILABILITY PLAN - OFFICE 100% leased OFFICE 8-10 RISE OFFICES OFFICE 1 DERMATOLOGIST OFFICE 3 OFFICE 5 1,497 SF OFFICE 4 1,963 SF OFFICE 7 MEDICAL OFFICE 6 1,065 SF OFFICE 2 DENTAL Available Leased/Pending

7 PROPERTY PHOTOS

8 DEMOGRAPHICS LOWER MISSION (RED) Total Population (2017) 27,891 Projected Population (2022) 30,144 Population Distribution 0-24 years years years 75+ years Average Household Income (2017) $91,892 Projected Household Income (2022) $111,169 Total Households (2017) 12,913 Projected Households (2022) 13,939 6,193 9,246 8,979 3,473 UPPER MISSION (BLUE) Total Population (2017) 11,463 Projected Population (2022) 12,555 Population Distribution 0-24 years years years 75+ years Average Household Income (2017) $177,771 Projected Household Income (2022) $211,372 Total Households (2017) 3,646 Projected Households (2022) 4,009 3,859 3,579 3, COMBINED AREA Total Population (2017) 39,354 Projected Population (2022) 42,699 Population Distribution 0-24 years years years 75+ years Average Household Income (2017) $112,168 Projected Household Income (2022) $135,188 Total Households (2017) 16,559 Projected Households (2022) 17,948 10,052 12,825 12,573 3,904

9 KELOWNA & AREA Kelowna, located in the heart of the Okanagan Valley, is a growing economic hub named the top entrepreneurial city in Canada this year by the Financial Post. Kelowna is a recreational lakeside paradise with acres of scenic parkland and sandy beaches. Cradled within a range of breathtaking mountains, this urban sanctuary is bolstered by a pristine lake, pine forests, orchards, vineyards, sandy beaches, and unparalleled amenities. Kelowna has the fastest growing population in British Columbia and the fourth fastest in Canada. With a regional population of approximately 190,000 in the Central Okanagan, an overall trading area of 520,000, and infrastructure to support business, Kelowna is the largest urban centre between Vancouver and Calgary. Diversification and proximity to world markets are among Kelowna s greatest economic strengths. Agriculture, Tourism, Manufacturing, Health, and Technology are important industries in the region. Kelowna General Hospital is the largest healthcare facility in the Interior of BC. As an active and vibrant recreation centre, Kelowna plays host to many visitors from all over the world. Kelowna International Airport, Canada s 10th busiest, easily connects visitors to major North American cities including direct flights to Vancouver, Calgary, Edmonton, Fort McMurray, Prince George, Seattle, Los Angeles, San Francisco, and Tofino. Visitors can enjoy renown wineries, golf courses and ski resorts. In short Kelowna is a four-season lakeside playground.

10 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. All images and renderings in this document are conceptually based and subject to change without notice. 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.

11 HM Commercial Group is a boutique commercial real estate team that specializes in investment properties, land for development, and leasing. Our targeted focus provides us with detailed knowledge of market conditions, as well as key relationships with wealthy investors, institutions, and REIT s. Over the past few years we have sold over $450 Million dollars in transactions. WE DO THINGS DIFFERENTLY AND IT WORKS. CONTACT US: MEGHAN O MARA* HM Commercial Group Macdonald Realty Kelowna Phone: (250) meghan@hmcommercial.com *Personal Real Estate Corporation Macdonald Realty Kelowna