109 8750 Jim Bailey, Kelowna - Industrial Strata Unit Available in Jim Bailey Industrial Centre

Kelowna, BC

Kelowna
FOR SALE
Property Type:
Industrial
Amount:
$799,000
Cap Rate:
0.00%
Last Verified:
Aug 07, 2024

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Industrial strata unit totalling approx. 2,482 SF in the new Jim Bailey Industrial Centre. Large warehouse area with up to approx. 26’ clear ceiling height, oversized overhead door (12’ x 14’), 200 AMP 3-phase electrical, gas heat, overhead lighting & circulation fan, and fire suppression sprinklers. Main floor has a small reception or office space and rear washroom. Staircase to an open mezzanine level that could be utilized as office/storage space or potentially could be leased as a secondary unit as it also contains the unit’s second washroom. 3 designated parking stalls to the front of the unit. I3 zoning allows a wide variety of industrial uses. Easy access to Highway 97 N, minutes away from Kelowna International Airport, Highway 33, and the Cities of Kelowna and Lake Country.

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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.