Quail Ridge Industrial Centre located - B130 & B140 Pier Mac Way

Kelowna , BC

Property Type:
Cap Rate:
Last Verified:
May 15, 2024

RENT INCENTIVE - Industrial unit in the Quail Ridge Industrial Centre located in the Airport Business Centre totaling approx. 2,101 SF with approx. 845 SF of mezzanine area. Insulated concrete, tilt-up construction with approx. 24’ ceilings, One grade level bay with 12’ x 12’ overhead door. Parking in front and plenty of onsite visitor parking. Easy access to and from Highway 97N, minutes to Kelowna International Airport, UBCO, Highway 33 and Downton Kelowna. Can be leased with adjoining unit B140 space combined approx. 5,880 SF with 1,680 sf mezzanines. The advertised Basic Rent PSF rate is an incentive for qualified parties, for the first year of the term, on a minimum of a 5-year term.

Map of Kelowna , BC, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.