Brand new commercial building for lease at the Gateway to Downtown Kelowna - 1659 Water Street

Kelowna, BC V178T8

Kelowna
FOR LEASE NNN Property
Property Type:
Single Tenant Retail (NNN)
Cap Rate:
0.00%
Last Verified:
Aug 15, 2024

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“The Wedge” is a single tenant, commercial building located atthe corner of Water St and Leon Ave. Currently under construction this unique building will offer a total of +/- 4,395 SF including +/-2,448 SF ofinterior commercial space and +/-1,947 SF of roof top patio. Main floor space includes an inviting entry way, a large open area opening to the2nd floor and 2 roll-up overhead doors. There is office space on the 2ndfloor and a spectacular roof-top patio with outstanding views of thedowntown area. Building has 2 internal staircases and elevator access including to the roof-top patio. Due to the unique location and nature ofthe building there is no dedicated parking available. Anticipated completion is Fall 2024.

Map of Kelowna, BC, V178T8, CA

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.