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Macdonald Realty Kelowna
• Located in West Kelowna with Highway 97 exposure, 33,000+ vehicles/day
• Flexible zoning: Industrial, Service Commercial, Office, Residential & Ancillary Retail
• PRICES STARTING AT $922,817 ($245 PSF)t $899,900
STRATA STYLE WAREHOUSE UNITS
SPRING 2022
OCCUPANCY
PHASE 1 75% SOLD
PHASE 2 NOW AVAILABLE
OWNER USER & INVESTOR STANDARD FEATURES
• 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
• 24’ clear ceiling heights in WH areas
• LED lighting in warehouses
• Full landscaping
• Asphalt drive aisles
PERMITTED USES
• Warehousing;
• Service and repair;
• Restaurant, brewery;
• Indoor recreation;
• Ancillary Retail;
• Office;
• Residential
CARRINGTON BUSINESS PARK - PHASE 1 & 2 PRICING
Phase 1
Unit # Main Floor2nd floor
Total Area (in Sq.Ft.)
Price/ Sq.ft.
List PriceBase Rent/ Mth*
Mortgage Pmt/Mth*
*
Surplus Cash every
Market Value in 30
yrs***101 2,712 1,147 3,859 $255 SOLD SOLD SOLD SOLD SOLD102 2,703 1,127 3,830 $245 SOLD SOLD SOLD SOLD SOLD103 2,703 1,127 3,830 $245 SOLD SOLD SOLD SOLD SOLD104 2,703 1,127 3,830 $245 $938,350 $4,309 $3,514 $795 $2,764,363105 2,703 1,127 3,830 $245 $938,350 $4,309 $3,514 $795 $2,764,363106 2,684 1,127 3,811 $245 $933,695 $4,287 $3,496 $791 $2,750,650107 2,684 1,127 3,811 $245 SOLD SOLD SOLD SOLD SOLD108 2,703 1,127 3,830 $245 SOLD SOLD SOLD SOLD SOLD109 2,703 1,127 3,830 $245 SOLD SOLD SOLD SOLD SOLD110 2,703 1,127 3,830 $245 SOLD SOLD SOLD SOLD SOLD111 2,703 1,127 3,830 $245 SOLD SOLD SOLD SOLD SOLD112 2,716 1,147 3,863 $255 SOLD SOLD SOLD SOLD SOLD
45,984
*Base Rent of $13.50/SF is approximate market value, based on Total floor area
*Mortgage Pmt/Mth based on 75% Loan to Value, 25 Yr Amortization, 3.5% Interest Rate, compounded semi-annually not in advance
**Market Value in 30 years assumes capital appreciation of 3.0% per annum
Phase 2
Unit # Main Floor2nd floor
Total Area (in Sq.Ft.)
Price/ Sq.ft.
List PriceBase Rent/ Mth*
Mortgage Pmt/Mth*
*
Surplus Cash every
Market Value in 30 yrs***
201 2,803 1,276 4,078 $255 1,039,992$ 4,588$ 3,894$ 694$ 3,063,799$
202 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,653$ 584$ 2,718,603$
203 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,653$ 584$ 2,718,603$
204 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,456$ 782$ 2,718,603$
205 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,456$ 782$ 2,718,603$
206 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,456$ 782$ 2,718,603$
207 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,456$ 782$ 2,718,603$
208 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,456$ 782$ 2,718,603$
209 2,585 1,182 3,767 $245 922,817$ 4,237$ 3,456$ 782$ 2,718,603$
210 2,803 1,276 4,078 $255 1,039,992$ 4,588$ 3,894$ 694$ 3,063,799$
26,285 12,004 38,290 9,572,400$ 44,671$ -$ 44,671$ -$
FD
TWO-
WAY
DRIV
E AI
SLE
PHASE 2
PHASE 3
TWO-WAYDRIVE AISLE
TWO-WAYDRIVE AISLE
TWO-WAYDRIVE AISLE
GRAD
E LO
AD
GRAD
E LO
AD
PMT
NORTH
#1
#95
#2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14 #15 #16 #17
#18 #19 #20 #21 #22 #23 #24 #25 #26 #27 #28 #29 #30 #31 #32 #33 #34 #35 #36 #37 #38 #39 #40 #41 #42 #43 #44 #45 #46 #47 #48 #49 #50 #51 #52 #53 #54 #55 #56 #57
#60 #61 #62 #63 #64 #65 #66 #67 #68 #69 #70 #71 #72 #73 #74 #75 #76 #77 #78 #79 #80 #81 #82 #83 #84 #85 #86 #87 #88 #89 #90 #91 #92 #93
#96 #97 #98 #99 #100 #101 #102 #103
#108
#109
#110
#111
#112
#113
#116
#117
#118
#119
#120
#121
#122
#123
#124
#125
#126
#127
#128
#129
#130
#131
#132
#138
#139
#140
#141
#142
#143
#144
#145
#146
#147
#148
#149
#150
#154
#155
#156
#157
#158
#159
#160
#161
#162
#163
#164
#165
#166
#104 #106
PRO
PERTY LIN
E
PRO
PERTY LIN
E
#133
#134
#135
TWO-
WAY
DRIV
E AI
SLE
PHASE 1
TWO-WAYDRIVE AISLE
TWO-WAYDRIVE AISLE
TWO-WAYDRIVE AISLE
GRAD
E LO
AD
GRAD
E LO
AD
PMT
#1 #17
#18
PROPERTY LINE 9.53 M
PROPERTY LINE: 140.34 M
PRO
PERTY LIN
E: 114.70 M
PRO
PERTY LIN
E: 116.17 M
PROPERTY LINE 51.85 M PROPERTY LINE 30.48 M PROPERTY LINE 48.53 M
LANDSCAPE
PMT
#59
#105
#114
#136
#151
#153
#58
#94
#107
#115
#137
#152
#167
101102103104105106107108109110111112
201202203204205206207208209210
301302303304305306307308
HIGHWAY 97
CARRINGTON ROAD
3/64" = 1'-0"A1.0100.SITE PLAN1
CARRINGTON BUSINESS PARK SITE PLAN
SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD SOLD
CARRINGTON BUSINESS PARK LOCATION
Carrington Business Park is strategically located in West Kelowna with highway exposure, offering easy access to Kelowna and nearby retail centres via High-way 97. The property offers a central location with easy access to transit, and walking distance to Walmart, Canadian Tire, Home Depot, Tim Horton’s, Two Eagles Golf Course.
CARRINGTON BUSINESS PARK INVESTOR SCENARIO
Investment Scenario #1: 75% Loan to Value
Unit Size in SF (includes 2nd floor) 3,830 List Price $938,350
Down Pmt 25% $234,588Balance to Finance 75% $703,763Mortgage Pmt/Mth* $3,247
Base Rent / Sq.Ft. $13.50Base Rent / Annum $51,705Dividend Yield 5.51%Base Rental Income each Month $4,309
Net Cashflow/Month after Debt Service $1,062 per annum $12,747
Net Cashflow over first 5 years $63,7335 year equity paydown on Mortgage $98,0255 year total equity gain $161,758Average Annual Return on Equity 13.79%
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 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 Highway Exposure Sale Date Unit Size (SF) Sale Price Sale Price PSF
Intraurban No Apr-21 2,045 $838,450 $410.00
Apr-21 2,045 $838,450 $410.00
Mar-20 2,733 $780,000 $285.40
Feb-20 2734 $785,360 $287.26
West Kelowna Industrial Park No Oct-21 37,000 $10,100,000 $272.97
Oct-20 1,702 $441,210 $259.23
Oct-20 1,702 $441,210 $259.23
Oct-20 1,709 $444,002 $259.80
Airport Link Yes Jan-20 2051 $584,112 $284.79
Apr-20 1929 $550,000 $285.12
Jan-20 2051 $584,112 $284.79
Apr-20 1929 $550,000 $285.12
Jan-20 2051 $584,112 $284.79
CARRINGTON BUSINESS PARK COMPARATIVE MARKET ANALYSIS
CONTACT US
Carrington Business 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]
