FOR LEASE Hillside Plaza 1920-1932 Summit Drive Kelowna, BC PROPERTY DETAILS: 1.7 acre site (76,052 SF) Units available from 1,200 SF and up High traffic location with great exposure & easy access Single storey buildings with extensive storefront windows Eye-catching architecturally designed buildings Consists of five buildings offering 22,585 SF of prime retail space Abundant on-site parking, 3.63 stalls per 1,000 SF Macdonald Realty Kelowna
FOR LEASE 1920-1932 Summit Drive Kelowna, BC HM Commercial Group is pleased to present retail leasing opportunities at Hillside Plaza, Glenmore s newest retail plaza. This is a rare opportunity to put your business in the heart of Glenmore, a growing area that serves as the gateway to a number of surrounding communities. Located at a corner bounded by Glenmore Road, Summit Drive and Valley Road, this new shopping centre features 5 new buildings, totaling over 25,000 square feet of gross leasable area. Hillside Plaza offers tenants the opportunity to locate their business in what will soon be considered the destination shopping location for this area of Kelowna. 2
PROPERTY DETAILS CIVIC ADDRESS LEASABLE AREA PARKING LOCATION 1920-1932 Summit Drive, Kelowna, BC 1,200-6,045 SF Abundant on-site parking, 3.63 stalls per 1,000 SF High traffic location with great exposure & easy access DESCRIPTION STARTING BASE RENT Hillside Plaza consists of five buildings offering over 25,000 SF of prime retail space. The buildings are single storey with extensive storefront windows and eye-catching architectural designs $27.00 PSF ADDITIONAL RENT $8.00 PSF for 2016 3
AERIAL MAP Hillside Plaza is situated minutes from Downtown Kelowna, Dilworth Mountain and Glenmore residential communities at crossroads of two of Kelowna s busiest arterial routes, Glenmore Road and Summit Drive. This location offers prime retail space to a large population base of 57,397 within a 10 minute drive of the property. The shops at Hillside Plaza are minutes walking time from many residential developments, and minutes driving time from other areas of Kelowna. NEW DEVELOPMENT IN THE AREA The neighborhood is growing with approximately 500 units expected to be introduced, 48 being townhomes along the north side. The balance of which will be condominiums. The new development taking place in this area will directly impact the demand for retailers and Hillside Plaza is conveniently placed to fit those needs. Some exciting new projects in the area are as follows: Extended Care Home (Drysdale Road) - Currently under construction by the Interior Health Association The Grove Townhomes (Drysdale Road) - More than 50 townhouses being constructed and sold out Development Project (Kane Road) 119 units planned for construction Development Project (170 Drysdale Road) Multi family site currently under contract 4
SITE PLAN UNIT SQ.FT. BASE RENT Unit 1A 6,711 PENDING Unit 1B 1,881 $30.00 Unit 2A 2,099 $29.00 Unit 2B 2,637 $27.00 Unit 2C 1,836 $27.00 Unit 3A 1,294 $27.00 Unit 3B 1,460 $27.00 Unit 3C 1,314 $27.00 Unit 4 LEASED LEASED Unit 5 2,000 PENDING TOTAL 25,232 UNIT 1A 6,711 SF UNIT 5 2,000 SF UNIT 1B 1,881 SF UNIT 2A 2,099 SF UNIT 2B 2,637 SF UNIT 2C 1,836 SF UNIT 3A 1,294 SF UNIT 3B 1,460 SF UNIT 3C 1,314 SF 5
PROPOSED STRATA PLAN All units at Hillside Plaza are proposed to be stratified, and may be available for sale pending stratification. 6
PROPERTY PHOTOS 7
THE SMALL PRINT This document/email 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. 8
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 a Quarter of a Billion dollars in transactions. WE DO THINGS DIFFERENTLY AND IT WORKS. CONTACT US: MEGHAN O MARA* HM Commercial Group Macdonald Realty Kelowna Phone: (250) 712-3130 Email: meghan@hmcommercial.com 2700 RICHTER STREET KELOWNA, BC V1Y 2R5 *Personal Real Estate Corporation