FOR LEASE · 2020-07-09 · FOR LEASE 3461 Lakeshore Road Kelowna, BC Retail Overview The retail...
Transcript of FOR LEASE · 2020-07-09 · FOR LEASE 3461 Lakeshore Road Kelowna, BC Retail Overview The retail...
PROPERTY DETAILS:
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.
FOR LEASE
MACDONALD REALTY KELOWNA
FOR LEASE3461 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 63% 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 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 91% leased or pending,
with 1,113 rentable square feet to 1,777 rentable square feet units available for sublease. This second floor
will feature floor to ceiling windows and exterior signage opportunities.
PROPERTY DETAILS
CIVIC ADDRESS 3461 Lakeshore Road Kelowna, BC
LEGAL DESCRIPTION Lot 36, 37 & 38, DL 134 ODYD Plan 3886 Except Plan 40525
BUILDING SIZE 135,000 SF
RETAIL AREA 21,000 SF
OFFICE AREA 21,000 SF
ZONING (CURRENT) C4, Urban Centre Commercial
LOCATION Located in the Lower Mission, directly across from Gyro Beach Kelowna, BC.
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 receiv-
ing over 1.9 million visitors annually, The Shore will directly ben-
efit 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 residen-
cies immediately adjacent to the site, who due to the arterial
street network have to intercept the site on a daily basis.
AVAILABILITY PLAN - RETAIL
Available
Leased/Pending
Up to 4,237 square feet available
CRU 62,296 SF
CRU 71,941 SF
CRU 81,793 SF
LEASEDT-ONE ASIAN
FUSIONCRU 2A
800 SFCRU 2B
821 SF
OFFICE AVAILABILITY91% leased or pending
Available
Leased/Pending
OFFICE 1LEASED
OFFICE 31,493 SF
OFFICE 4LEASED
OFFICE 5LEASED
OFFICE 8-10LEASED
OFFICE 7LEASED
OFFICE 61,777 SF
OFFICE 2A1,113 SF
OFFICE 2LEASED
PROPERTY AERIAL
RENDERINGS
DEMOGRAPHICS
Total Population (2017) 27,891
Projected Population (2022) 30,144
Population Distribution 0-24 years25-49 years50-74 years75+ years
6,1939,2468,9793,473
Average Household Income (2017) $91,892
Projected Household Income (2022) $111,169
Total Households (2017) 12,913
Projected Households (2022) 13,939
Total Population (2017) 11,463
Projected Population (2022) 12,555
Population Distribution 0-24 years25-49 years50-74 years75+ years
3,8593,5793,594431
Average Household Income (2017) $177,771
Projected Household Income (2022) $211,372
Total Households (2017) 3,646
Projected Households (2022) 4,009
Total Population (2017) 39,354
Projected Population (2022) 42,699
Population Distribution 0-24 years25-49 years50-74 years75+ years
10,05212,82512,5733,904
Average Household Income (2017) $112,168
Projected Household Income (2022) $135,188
Total Households (2017) 16,559
Projected Households (2022) 17,948
LOWER MISSION (RED)
UPPER MISSION (BLUE)
COMBINED AREA
KELOWNA & AREAKelowna, located in the heart of the Okanagan Valley,
is a growing economic hub named the top entrepre-
neurial 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 sanc-
tuary 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 busi-
est, 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.
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renderings in this document are conceptually based and subject to change without notice.
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cial 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 copyright-
ed 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.
CONTACT US:
MEGHAN O’MARA*
HM Commercial Group – Macdonald Realty Kelowna
Phone: (250) 712-3130
Email: [email protected]
*Personal Real Estate Corporation
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 $700 Million dollars in transactions.
WE DO THINGS DIFFERENTLY AND IT WORKS.
Macdonald Realty Kelowna