1912 Enterprise Way, Kelowna, British Columbia

1912 Enterprise Way, Kelowna, British Columbia, V1Y9S9

This is a rare opportunity to acquire the majority of the strata lots at Mill Creek Crossing, a significant asset strategically located at the corner of Spall Road and Enterprise Way, just one block off of Highway 97. Strata lots 1, 3, 5 and 7 (of 7) are available to be purchased, all are currently leased. There is a path to upside relative to current cash flow, as well as longer term flexibility based on stratified structure. With cash flow diversified via 13 tenancies, vacancy is mitigated. See brochure. Features regarding the offering: Constructed in 2002, all space is finished and constructed to a high quality/function, a sub underground 54 stall parking structure is fully allocated as Limited Common Property for Strata Lot 1 (Strata Lot 1 is included in the sale package), an above ground 63 stall parking lot is designated as Common Property for all Strata Lots, several outdoor terraces (some of which are Common, some of which are Limited Common Property) and a nicely landscaped outdoor area off the north side, underground storage area of 1,245 square feet is fully allocated as Limited Common Property for Strata Lot 1, strata Lots 1, 3, 5 and 7 is currently demised as 14 units, leased to a total of 13 tenants (one tenant occupies two units), contributions have been made to the Stratas Contingency Reserve Fund in preparation for roof work in coming years. Property PID’s as follows 025-519-310; 025-519-336; 025-519-352; 025-519-379 (id:35966)

Property Overview

Kelowna
1912 Enterprise Way, Kelowna, British Columbia, V1Y9S9
British Columbia
10250962
$11500000

Property Specifications

1.4 ac|1 - 5 acres
2002
20/04/2022
Commercial mixed use

Building Features

Mill Creek Crossing

Royal LePage Kelowna

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Contact Ken McLaughlin

250.300.4592

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