195 Highway 33 W - Retail FOR SALE


Kelowna, BC
$39,800,000 CAD
778-858-0459
195 Highway 33 W, Kelowna, BC for Sale
$39,800,000 CAD
Retail - FOR SALE
1/25
null | Request Cap Rate

195 Highway 33 W
Kelowna, BC


HIGHLIGHTS

  • Opportunity to acquire multi tenant building with strong cash flow and future redevelopment potential
  • City of Kelowna's 2040 OCP policy guidance outlines 12 storey building at this site
  • More than 85% leased to AAA National & Regional tenants
  • Excellent visibility on Hwy33, main access to the Big White Ski Resort, Frontage 825’ on Hwy 33, return depth 260’
  • Ample outdoor surface parking and pylon signage

OVERVIEW

Plaza 33 is a well-established, income-producing shopping centre with approximately 85% of its space leased to AAA national and regional tenants. Key tenants include Save-on-Foods, Shoppers Drug Mart, TD Bank, RBC, Pizza Hut, Hub Insurance, Dynacare Valley Medical Lab, and the Okanagan Regional Library, ensuring a strong and diverse tenant mix. Situated along Highway 33, Plaza 33 offers exceptional visibility and accessibility, connecting Kelowna to the BC Interior. This prime location provides unparalleled exposure and easy access for customers. The City of Kelowna's OCP 2040 policy guidance supports a twelve-storey building at this site, offering potential for future development.

FOR SALE DETAILS

PRICE

$39,800,000 CAD

PRICE/SF

$468 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza 33

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

298

LAND DETAILS

LAND ACRES

4.93 AC

LAND SF

214,751 SF

ZONING

UC4

APN/PARCEL ID

006-437-125,008-212-180,008-212-201

ASK ABOUT THIS PROPERTY

Praveen BajajCentury 21 Coastal Realty Ltd.More Info
778-858-0459

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Praveen BajajCentury 21 Coastal Realty Ltd.More Info
778-858-0459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.