3001 Tutt Street, Kelowna, BC - Tenanted Medical Building For Sale in Pandosy Village

Tenanted Medical Building For Sale in Pandosy Village

3001 Tutt Street, Kelowna, BC, V1Y 2H4

Price:
$10,950,000

Property Description

HM Commercial Realty is pleased to present a very special and rare investment opportunity in the heart of Pandosy Village.

HIGHLIGHTS

  • Fully medical tenanted professional building in the vibrant neighbourhood of Pandosy Village, Kelowna, BC
  • Majority of tenants are doctors offices and medical professionals
  • Property is steps away from professional businesses, restaurants, coffee shops, health services, offices, trendy boutiques, grocers, and much more.
  • Gross Building Area of 30,580 SF (Net Leaseable area of +/- 25,000 SF)
  •  Three (3) storey building that is elevator-serviced (one of which is stretcher sized)
  • 49 on-site parking stalls
  • Wood-frame construction with 1” concrete floor topping for advanced sound-proofing
  • Building offers secure cash flow and upside potential in increased rents and parking revenue
  • 4.22% existing Cap Rate, 6.09% market Cap Rate
  • Rent Roll and applicable data available with signed NDA

3001 Tutt Street, Kelowna, BC, Canada

Additional Information

Municipal Address 3001 Tutt Street, Kelowna, BC, V1Y 2H4
Legal Description LOT 1 DISTRICT LOT 135 OSOYOOS DIVISION YALE DISTRICT PLAN KAP70704
PID 025-321-617
Location Details This property is well located on the corner of Tutt Street and Groves Avenue in the heart of Pandosy Village. As a growing part of Kelowna, the Pandosy area has a lot to offer with an abundance of established retailers, restaurants and amenities within walking distance.
Building Area 22,290 SF
Land Area 0.57 acres (24,829 SF)
Zoning UC5 Pandosy Urban Centre
Future Land Use
(OCP)
UC Urban Centre
Taxes $107,642.62 (2022)

Listing Agents

Jeff Hudson PREC - Principal / Founder at HM Commercial Realty

Jeff Hudson

Marshall McAnerney PREC - Principal / Founder at HM Commercial Realty

Marshall McAnerney

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.