554 Leon Av - Office FOR SALE


Kelowna, BC V1Y 6J6
$11,150,000 CAD
236-420-3558
554 Leon Av, Kelowna, BC for Sale
$11,150,000 CAD
Office - FOR SALE
1/9
null | 6.5% Cap Rate

554 Leon Av
Kelowna, BC V1Y 6J6


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,150,000 CAD

PRICE/SF

$355 CAD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

UC1

APN/PARCEL ID

030-050-081

ASK ABOUT THIS PROPERTY

Jeff BrownWilliam Wright CommercialMore Info
236-420-3558

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Jeff BrownWilliam Wright CommercialMore Info
236-420-3558

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