FOR SALE. Valuable opportunity for acres of industrial land in the Reid s Corner area of Kelowna

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1 FOR SALE 205 Lougheed Road Kelowna, BC PROPERTY DETAILS: Valuable opportunity for acres of industrial land in the Reid s Corner area of Kelowna Easy access to Highway 97N via a number of connector routes and light controlled intersections In the process of being rezoned to Business Industrial PRICE: $1,550,000 Macdonald Realty Kelowna

2 FOR SALE 205 Lougheed Road Kelowna, BC HM Commercial Group is pleased to present this valuable opportunity for acres of industrial land in the Reid s Corner area of Kelowna. The property is situated to provide easy access to Highway 97 via a number of connector routes, and is surrounded by light to heavy industrial users. Some highlights of the opportunity include: acres of gross land Easy access to Highway 97N via a number of connector routes In the process of being rezoned to I1, Business Industrial Approximately 2.2 acres of usable land Conceptual light industrial site plan available Opportunity to take advantage of record low vacancy rates in the industrial market Fair Market Value Assessment 2.2 acres usable at $1.15M/acre = $2.53M Less: quotation for slope stabilization <$935k> Net Value: $1,595,000 List Price: $1,550,000 2

3 PROPERTY DETAILS CIVIC ADDRESS LEGAL DESCRIPTION 205 Lougheed Road, Kelowna, BC Lot A, Plan KAP84518, Section 2, Township 23, Land District 41, ODYD PID LAND AREA USABLE AREA ZONING (CURRENT) FUTURE LAND USE ENCUMBRANCES ON TITLE acres ~2.2 acres CD25, Light Industrial-Residential Mixed Use Zone. Currently in the process of rezoning to I1, Business Industrial. IND-T, Industrial, Transition KM is a highway (road) reserve for future widening, and LB96554 is a covenant in favour of the City of Kelowna for a portion of the property to remain as open space. PROPERTY TAXES $8,796 (2017) 3

4 AERIAL MAP 205 Lougheed Road is exceptionally well located in the highly sought after Reid s Corner area of Kelowna. It is situated to provide easy access to Highway 97 via a number of connector routes, and is surrounded by light to heavy industrial users. 4

5 0 0 N SITE PLAN CP PLAN KAP2617 o! <D m LOT m2 (2,74Ac) PLAN J ,0 EX1S1TNG If :;i 18.B LOT m (1.50Ac) "', l "(l:s,9_ -- ROAD RESERVE 622.Bm (6 _:: 04) (0.15 1)7.0 "' - - HOLLYWOOD ROAD NORTH Legend existing propond Woter Son. Sewer Storm Sewer Gos u.g. Telephone U.G. Electrkol U.G. Coble lv <l>h)'d H)<konl <l)h)'d Water Valve existing eeo Blowott es Son Manhole eo Storm Manhole eco Cleonout ca Catch Basin eow Drywell eee Power Pofe a LS Lamp StondOf'd Edge or Asphalt Survey Monument 22 PLAN l<ap PLAN KAP6302 T Design lnvut of Sonilory Se rvi ce ot pr op erty Hn e f--f ,f l---, i? Design Invert of Storm Ser'lfee at property llne f Existing Invert of Sanitary? Existing Invert of St0<m Service ot property line No, MM.DD.VY h1sued Chkd No. MM.D0.'ff By Revision Chkd Service ot property line f--f ,' , i 16 PLAN KAP6302 Drown ST Oe,ign ST Approved Dote MARCH 2006 Scol, 1:1000 LEGAL DESCRIPTION: LOT 1, PLAN OOYD CIVIC ADDRESS: 2630 HOLL YWOOO RD N CTQ CITY FILE # S THE CITY OF KELOWNA ENGINEERING DEPARTMENT COLLEGE HEIGHTS INDUSTRIAL DEVELOPMENT AREA PLAN PHONE: :2.5!ri eonsuttantslld - Division MUNICIPAL Drawing No. Rev No. G

6 All drawings, plans, models, designs, s prepared by Read Jones Christoffersen with this project are instruments of serv "Work") and as such are and remain th is executed or not, and RJC reserves th executed from them, and they shall not These drawings are "design drawings" use as shop drawings. Use of these dra drawings" is not permitted unless writte conditions and limitations is obtained fr may vary from what is shown on these Use of these drawings is limited to that Do not construct from these drawings u Construction" by RJC in the Revision c noted. The drawings shall not be used unless so indicated in the Revision colu are not complete and any prices based BUILDING SITE PLAN Read Jo Enginee rjc.ca 1626 Ric Kelowna tel 778 fax DEVELOPMENT PER No. Revision Drawing Notes Seal Project Name PROPOSED INDUSTRIAL BU 205 LOUGHEED KELOWNA, B.C. Sheet Title SITE PLAN, ZONING BY-LAW & TYPICAL DETA Drawn By BPT Scale Designed By PWH RJC Project Number Date KEL btoews P:KEL120000KEL Lougheed Rd N Kelowna Proposed Industrial Tilt Up Bldg -ArchitecturalWorkingKEL A1 JAN 8-18.dwg :01:53 Sheet Number DP1 6

7 BUILDING SITE PLAN 7

8 All drawings, plans, models, designs, s prepared by Read Jones Christoffersen with this project are instruments of serv "Work") and as such are and remain th is executed or not, and RJC reserves th executed from them, and they shall not These drawings are "design drawings" use as shop drawings. Use of these dra drawings" is not permitted unless writte conditions and limitations is obtained fr may vary from what is shown on these Use of these drawings is limited to that Do not construct from these drawings u Construction" by RJC in the Revision c noted. The drawings shall not be used unless so indicated in the Revision colu are not complete and any prices based BUILDING FLOOR PLAN Read Jo Enginee rjc.ca 1626 Ric Kelowna tel 778 fax DEVELOPMENT PER No. Revision Drawing Notes Seal Project Name PROPOSED INDUSTRIAL BU 205 LOUGHEED KELOWNA, B.C. Sheet Title MAIN FLOOR PL Drawn By BPT Scale Designed By PWH RJC Project Number Date KEL btoews P:KEL120000KEL Lougheed Rd N Kelowna Proposed Industrial Tilt Up BldgWorkingKEL A2.dwg :28:41 Sheet Number DP2 8

9 BUILDING ELEVATIONS 9

10 ZONING 10

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17 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. We assume that the property is free of any environmental condition that would negatively impact the market value of the property. Unless otherwise stated, we have not performed a review of title, nor any encumbrances that appear on title. We are not Lawyers, nor Accountants and thus are not qualified to provide legal or accounting advice. 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. 17

18 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: JEFF HUDSON* / MARSHALL MCANERNEY* HM Commercial Group Macdonald Realty Kelowna Phone: (250) info@hmcommercial.com *Personal Real Estate Corporation Macdonald Realty Kelowna