880 Vaughan Avenue
FOR SALE > INVESTMENT OPPORTUNITY
880 Vaughan Avenue KELOWNA, BC
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Investment Highlights A rare large industrial site (5.16 acres) located in Downtown Kelowna. >> Located within 1 km of Lake Okanagan and downtown Kelowna >> Currently zoned Industrial, providing for a wide range of industrial uses >> BC Tree Fruits will consider a two-year leaseback option for the parcel, providing a 6.75% return based on the selling price >> Improved with multiple buildings comprising approximately 192,949 SF ERIC WEBER* 250 861 8106
MORGAN DYER* 604 661 0886
MARSHALL MCANERNEY* 250 763 2300
[email protected]
[email protected] [email protected]
FOR SALE > INVESTMENT OPPORTUNITY
880 Vaughan Avenue KELOWNA, BC
Location The subject property is located approximately 1 km north of Highway 97 and the central downtown business district of the City of Kelowna. The site is on the north side of Vaughan Avenue and is bordered by Ethel Street to the east. 880 VAUGHAN AVENUE Legal Description: North 349.38 Feet of Block 30 Measured along the Easterly Boundary of said Block by the Full Depth Thereof Section 30, Township 26, Osoyoos Division, Yale District Plan 202. PID: 012-603-911 Improvements:
The property is currently improved with a two-level storage building with office on the second floor.
Site Area:
Approximately 5.16 acres (224,770 SF), Site coverage 84%, fully serviced
Floor Area:
Ground Floor Area (Footprint) Second Floor Office Total Floor Area
Zoning:
I4 - General Industrial
OCP Designation:
Industrial
Highest & Best Use:
Mixed use Industrial/Commercial Development Site
Possession:
Available May 2014 (Vendor Leaseback)
Asking Price:
$5,500,000
190,765 SF 2,184 SF 192,949 SF
Site Plan
Offering Process
Contact Us
Prospective purchasers are invited to submit Offers to Purchase the Property through Colliers for consideration by the Vendor. Any Offer to Purchase the Property (the “Offer”) is to be submitted to Colliers on either the Vendor’s form of Letter of Intent or such other form selected by prospective purchasers.
MORGAN DYER* 604 661 0886 [email protected] MARSHALL MCANERNEY* 250 763 2300 [email protected] ERIC WEBER* 250 861 8106 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
FOR SALE > INVESTMENT OPPORTUNITY
880 Vaughan Avenue KELOWNA, BC
Contact Us MORGAN DYER* 604 661 0886 [email protected] MARSHALL MCANERNEY* 250 763 2300 [email protected] ERIC WEBER* 250 861 8106 [email protected]
Location The City of Kelowna and the Central Okanagan region have experienced considerable population growth over the past several years. With a population of approximately 117,300, Kelowna is one of the fastest growing cities in Canada. The Central Okanagan Regional District has experienced similar growth, with a current population of 167,000. The region is forecast to exceed 200,000 in population within the next ten years. As a result, Kelowna’s economy has strengthened to foster sustainable growth, contributing to a vibrant commercial base.
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International 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. Colliers International 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 Colliers International and /or its licensor(s). © 2011. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers TN 12/2011 Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
880 Vaughan Avenue KELOWNA, BC
Royal Vie wD
rive
Eth
el
Str ee
t
ter
ch
Ri
Recreation Avenue Park
ue Aven
t
e re
St
han Vaug
ent Clem
ue Aven
Investment Highlights A rare large industrial site (5.16 acres) located in Downtown Kelowna. >> Located within 1 km of Lake Okanagan and downtown Kelowna >> Currently zoned Industrial, providing for a wide range of industrial uses >> BC Tree Fruits will consider a two-year leaseback option for the parcel, providing a 6.75% return based on the selling price >> Improved with multiple buildings comprising approximately 192,949 SF ERIC WEBER* 250 861 8106
MORGAN DYER* 604 661 0886
MARSHALL MCANERNEY* 250 763 2300
[email protected]
[email protected] [email protected]
FOR SALE > INVESTMENT OPPORTUNITY
880 Vaughan Avenue KELOWNA, BC
Location The subject property is located approximately 1 km north of Highway 97 and the central downtown business district of the City of Kelowna. The site is on the north side of Vaughan Avenue and is bordered by Ethel Street to the east. 880 VAUGHAN AVENUE Legal Description: North 349.38 Feet of Block 30 Measured along the Easterly Boundary of said Block by the Full Depth Thereof Section 30, Township 26, Osoyoos Division, Yale District Plan 202. PID: 012-603-911 Improvements:
The property is currently improved with a two-level storage building with office on the second floor.
Site Area:
Approximately 5.16 acres (224,770 SF), Site coverage 84%, fully serviced
Floor Area:
Ground Floor Area (Footprint) Second Floor Office Total Floor Area
Zoning:
I4 - General Industrial
OCP Designation:
Industrial
Highest & Best Use:
Mixed use Industrial/Commercial Development Site
Possession:
Available May 2014 (Vendor Leaseback)
Asking Price:
$5,500,000
190,765 SF 2,184 SF 192,949 SF
Site Plan
Offering Process
Contact Us
Prospective purchasers are invited to submit Offers to Purchase the Property through Colliers for consideration by the Vendor. Any Offer to Purchase the Property (the “Offer”) is to be submitted to Colliers on either the Vendor’s form of Letter of Intent or such other form selected by prospective purchasers.
MORGAN DYER* 604 661 0886 [email protected] MARSHALL MCANERNEY* 250 763 2300 [email protected] ERIC WEBER* 250 861 8106 [email protected]
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
FOR SALE > INVESTMENT OPPORTUNITY
880 Vaughan Avenue KELOWNA, BC
Contact Us MORGAN DYER* 604 661 0886 [email protected] MARSHALL MCANERNEY* 250 763 2300 [email protected] ERIC WEBER* 250 861 8106 [email protected]
Location The City of Kelowna and the Central Okanagan region have experienced considerable population growth over the past several years. With a population of approximately 117,300, Kelowna is one of the fastest growing cities in Canada. The Central Okanagan Regional District has experienced similar growth, with a current population of 167,000. The region is forecast to exceed 200,000 in population within the next ten years. As a result, Kelowna’s economy has strengthened to foster sustainable growth, contributing to a vibrant commercial base.
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International 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. Colliers International 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 Colliers International and /or its licensor(s). © 2011. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers TN 12/2011 Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation.
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
