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1659 Water St
4,395 SF of Retail Space Available in Kelowna, BC V1Y 8T8
HIGHLIGHTS
- Commercial space includes a large, open main floor commercial space
- Anticipated completion fall 2024
- Building has 2 interior staircases and elevator access
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1659 | 4,395 SF | 1-10 Years | $19.36 USD/SF/YR $1.61 USD/SF/MO $85,074 USD/YR $7,090 USD/MO | Triple Net (NNN) |
1st Floor, Ste 1659
Brand new commercial building for lease at the Gateway to Downtown Kelowna. “The Wedge” is a single tenant, commercial building located at the 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 of interior 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 the downtown area. Building has 2 internal staircases and elevator access including to the roof-top patio. Due to the unique location and nature of the building there is no dedicated parking available. Anticipated completion is Fall 2024.
- Lease rate does not include utilities, property expenses or building services
- Central Air and Heating
- Corner Space
- Currently under construction
- +/-2,448 SF of interior commercial space
- +/-1,947 SF of roof top patio
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1659 WATER ST , KELOWNA, BC V1Y 8T8
| Total Space Available | 4,395 SF | Gross Leasable Area | 22,496 SF |
| Property Type | Retail | Year Built | 2024 |
| Total Space Available | 4,395 SF |
| Property Type | Retail |
| Gross Leasable Area | 22,496 SF |
| Year Built | 2024 |
ABOUT THE PROPERTY
±4,395 SF commercial space includes a large, open main floor commercial space featuring inviting entryway and 2 roll-up overhead doors, smaller office space on 2nd floor (most of the area is open to the floor below), and a spectacular roof-top patio
NEARBY MAJOR RETAILERS
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1659 Water St
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