FOR LEASE PROPERTY DETAILS: Scheduled to complete in the Fall of 2018, The Shore is a mixed use development with a total square footage of approximately 105,000 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 90 modern residential units. MACDONALD REALTY KELOWNA
FOR LEASE 3461 Lakeshore Road Kelowna, BC Retail Overview The retail component of this project features a total square footage of approximately 20,500 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 55% of the ground level is currently 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 coffee shop, 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 17,500 square feet, and is currently over 92% leased or pending. This second floor will feature floor to ceiling windows and exterior signage opportunities, with the last remaining unit offering 1,308 square feet. 2
PROPERTY DETAILS CIVIC ADDRESS 3461 Lakeshore Road Kelowna, BC LEGAL DESCRIPTION Lot 36, 37 & 38, DL 134 ODYD Plan 3886 Except Plan 40525 PID 002-382-695, 002-382-717, 007-857-403 BUILDING SIZE RETAIL AREA OFFICE AREA ZONING (CURRENT) LOCATION 105,000 SF 20,500 SF 17,500 SF C9 - Future Land Use: MXR Located in the Lower Mission, directly across from Gyro Beach Kelowna, BC. 3
AERIAL MAP Kelowna, located in the Okanagan Valley of British Columbia, is a growing city that offers a highly desired lifestyle. As the largest city between Vancouver and Calgary, Kelowna is a recreational lakeside paradise with acres of beautiful parkland and sandy beaches. Cradled within a glorious range of mountains, this urban sanctuary is blessed with a pristine lake, pine forests, orchards, vineyards, sandy beaches, and superb amenities. 4
AVAILABILITY PLAN - RETAIL UNIT SQ.FT. AVAILABILITY CRU 1 5,481 SF PENDING CRU 2 1,214 SF AVAILABLE CRU 3 4,519 SF PENDING CRU 4 1,065 SF AVAILABLE CRU 5 2,339 SF AVAILABLE CRU 6 1,654 SF AVAILABLE CRU 7 1,452 SF PENDING CRU 8 1,062 SF AVAILABLE CRU 9 1,744 SF AVAILABLE CRU 4 1,065 SF CRU 1 5,481 SF CRU 2 1,214 SF CRU 3 4,519 SF CRU 5 2,339 SF CRU 9 1,744 SF CRU 8 CRU 6 1,654 SF CRU 7 1,062 SF 1,452 SF Available Leased/Pending 5
AVAILABILITY PLAN - OFFICE UNIT SQ.FT. AVAILABILITY OFFICE 1 3,991 SF LEASED OFFICE 2 3,155 SF LEASED OFFICE 3 2,807 SF LEASED OFFICE 4 2,009 SF PENDING OFFICE 5 2,010 SF PENDING OFFICE 6 2,237 SF LEASED OFFICE 7 1,308 SF AVAILABLE OFFICE 6 2,237 SF OFFICE 1 3,991 SF OFFICE 7 1,308 SF OFFICE 3 2,807 SF OFFICE 4 2,009 SF OFFICE 5 2,010 SF OFFICE 2 3,155 SF Available Leased/Pending 6
PROPERTY PHOTOS 7
DEMOGRAPHICS ESTIMATES 1 KM 3 KM 5 KM Total Population (2016) 6,124 23,243 54,988 Projected Population (2021) 6,677 24,210 58,150 Total Households (2016) 3,236 11,789 26,271 Projected Households (2021) 3,524 12,314 27,836 Average Household Income (2016) $66,340 $76,544 $86,201 Projected Household Income (2021) $78,527 $91,103 $103,383 8
KELOWNA & AREA Kelowna, located in the heart of the Okanagan Valley, is a growing economic hub named the top entrepreneurial 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 sanctuary 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, 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 busiest, 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. 9
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. All images and renderings in this document are conceptually based and subject to change without notice. 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. 10
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 *Personal Real Estate Corporation Macdonald Realty Kelowna