Property Showcase

SOLD | 0.83 ACRE INDUSTRIAL PROPERTY

We are pleased to announce the sale of 354 Totom Avenue on behalf of T&A Rock Works. This sale follows T&A's successful relocation of their business operations to 3334 Sexsmith Road. This relocation and disposition was driven by the requirement to secure more space to accommodate T&A's growth in the Okanagan.

Sold by Meghan Cortese

Property Showcase

SOLD | THE LARGEST SINGLE APARTMENT BUILDING TRANSACTION IN THE HISTORY OF THE BC INTERIOR MARKET

On behalf of our client and the Vendor, Kerkhoff: Develop-Build, Peter Gibson and Steve Laursen of Cushman & Wakefield (“C&W”) and Royal LePage Kelowna Commercial were rewarded with the opportunity to exclusively market Knox Village, an under construction collection of 238 suites located beside Knox mountain park 7 minutes from downtown Kelowna. Knox Village offers a gym, underground parking, and an abundance of green space at your door.

Knox Village located at 1420, 1430, 1440 and 1450 Cara Glen Court, Kelowna BC is currently under construction by Kerkhoff: Develop-Build with phase 1 expected completion in spring 2023. Knox Village will feature 28 – studio, 90 - 1 bedroom, 104 - 2 bedroom and 16 - 3 bedroom apartments. The purchase price is $86,500,000 ($363,500 per suite) representing the largest single apartment building transaction in the history of the BC Interior market.

Sold by Steve Laursen

Property Showcase

SOLD | INTERIOR BC APARTMENT PORTFOLIO

On behalf of our client and the Vendor Skyline Apartment REIT Skyline Group of Companies, Royal Lepage Kelowna Commercial, and Cushman & Wakefield are pleased to announce the successful sale of the Interior BC Apartment Portfolio to the Purchaser All Island Equity REIT for a price of $44,750,000.  The Portfolio is a premier multi-family rental apartment portfolio comprised of 212 units over five renovated rental buildings strategically located in Kelowna and Penticton.

Sold by Steve Laursen

Property Showcase

SOLD | 1674 BERTRAM STREET

Pleased to announce the sale of 1674 Bertram Street. Three storey office building on approximately half an acre Downtown, with AAA tenants in place including Canadian Western Bank, Farm Credit Canada, Decisive Dividend Corp & Glazer Polley Law.

Not only was this transaction a successful disposition for the seller, but the buyer has also already realized value upside in the advance of completion, while positioning themselves with another strategic asset in the Kelowna market.

Sold by Meghan Cortese

Property Showcase

SOLD | 1305 INDUSTRIAL ROAD

On behalf of our client we are pleased to announce the sale of 1305 Industrial Road in West Kelowna. Two industrial buildings totaling 27,815 SF (9,400 SF and 18,415 SF) on 1.853 Acres. This property is situated in West Kelowna's Business Park, just 5 minutes from the bridge, with over 180 feet of prime frontage and exposure to Hwy 97. The property features fenced outdoor yard space and ample parking.

Sold by Meghan Cortese in collaboration with Lindsey Termul of HM Commercial

Property Showcase

SOLD OUT | POWERHOUSE

Powerhouse is one of Kelowna's newest most innovative business centres located in the heart of entertainment, services, and recreation in the downtown area.

HIGHIGHTS ||
- 56,167 SF Industrial-flex strata development
- 20 Ground floor units with mezzanine
- 13 Office units on third floor

Exclusively listed and sold by Steve Laursen

Property Showcase

SOLD | PROXIMA URBAN HOMES

Pleased to announce the successful sale of Proxima Urban Homes located at 1229 Richter Street, Kelowna, British Columbia. Proxima is a brand new 4-storey, wood frame residential building featuring 59-apartments and townhomes. The rental suites feature high-end, condominium-style finishes and large exterior balconies. Residents will enjoy amenities such as a rooftop patio with barbecues, a picnic area, and ample landscaped green space, and a fitness centre. The Property was developed by Kerkhoff Construction and sold to CAPREIT

Sale Price || $29,500,000

Sale $/Suite || $500,000

Sale Date || January 2022

Sold by Steve Laursen

Property Showcase

SOLD | 184 ADAMS ROAD

We are pleased to announce the sale of 184 Adams Road. Located in Kelowna's most sought after Industrial area and stragetically located with convenient acess to Highway 97 via multiple controlled intersections.

184 Adams Road is a high calibar brick building on approximately 1 acre. All 8 strata lots associated with the property were included in the sale, providing security and flexibility in the investment.

Reddee Properties, a Saskatchewan based company aquired this property fully leased with secure cashflow from multiple tenancies.

Sold by Meghan Cortese