William Wright Commercial is pleased to present the opportunity to acquire a fully leased, stratified property within a five storey office building in Downtown Kelowna. This incredibly well positioned asset features over 33,000 sqft of rentable area with an enclosed underground parkade and rooftop patio amenity. Every unit has been renovated with modern finishes and green building technologies. With an existing NOI of ~$725,000 (2025), the property offers secure in-place income from a strong tenant mix and future upside potential.

Class A, Income-Producing Property

• Fully leased 6.5% cap rate
• High profile downtown location
• Strong tenant mix and income stream
• Stratified building with value add opportunities

Value-Add Highlights

• Acquire ground floor strata lot (± 1,300 sqft) accounting for 5% of total building ownership
• Reconfigure parking obligation to significantly enhance overall NOI
• Asset priced well below strata replacement value
• Potential for further stratification and re-sale of individual floors/units
• Owner-occupier opportunity for 5,500 to 12,000 sqft

Building Features

• Construction: Concrete
• Year Built: 2014
• Rentable Area: +/- 33,379 SQFT
• Tenancies: Strong tenant mix
• Amenities: Rooftop patio, communal meeting room and kitchen, bike storage on every floor
• Underground Parkade: 16 stalls
• Additional Parking: 23 stalls (nearby surface lot lease)

STRATA LOT 2 DISTRICT LOT 139 OSOYOOS DIVISION YALE DISTRICT STRATA PLAN EPS4020 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V

Immerse yourself in the vibrant pulse of Downtown Kelowna, a dynamic neighborhood experiencing a surge in density, and an array of shopping, dining, and beach access. The area boasts a diverse mix of office buildings, apartments, and residential towers, including the new UBCO downtown campus. Downtown Kelowna is a hub for indoor and outdoor events, hosting some of the region's finest restaurants that draw in tourists eager to savor the best of the Okanagan. Downtown Kelowna has a central exchange for BC Transit bus services incoming from all regions in the Central Okanagan. Newly installed bike lane framework has allowed for more pedestrian and cycling infrastructure to be brought to the downtown core resulting in increased options for daily commuting. Highway 97 allows for all types of vehicle traffic to access the downtown core and there are several main roadways that allow for multiple access points to the area.