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3640 Gossett Rd 17,398 SF 100% Leased Retail Building West Kelowna, BC V4T 1P6 $7,850,000 CAD ($451.20 CAD/SF) 5% Cap Rate
Investment Highlights
- Anchored by Bank of Montreal, a national company, and an original tenant since 1995.
- Prominent exposure on Gossett Rd, just off Highway 97, the area’s main throughfare and retail corridor.
- Multi-tenant building with a diverse and stable tenant base.
- High demand and low vacancy for retail space in West Kelowna.
Executive Summary
Cushman & Wakefield ULC is pleased to present an opportunity to acquire a well-anchored, multi-tenant retail investment property in the heart of West Kelowna, just off the busy Highway 97. Located at 3640 Gossett Road, this 17,398-sf building is situated within a well-established retail node and offers a compelling combination of stable in-place income and upside potential. Located on First Nations land and held under a 99-year ground lease expiring July 31, 2092, the asset delivers long-term security in a market characterized by limited supply of quality retail space. Opportunities to acquire Retail properties in West Kelowna are increasingly scarce, making this an attractive offering for investors seeking stable cash flow with growth potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
17,398 SF
Building Class
B
Year Built
1995
Price
$7,850,000 CAD
Price Per SF
$451.20 CAD
Cap Rate
5%
NOI
$392,500 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
1.81 AC
Zoning
RC - Retail Commercial pursuant to Westbank First Nation Land Use Law
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 11
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3640 Gossett Rd
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