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Plaza 33 195 Highway 33 W

85,128 SF 100% Leased Retail Building Kelowna, BC $28,079,186 USD ($330 USD/SF)

Investment Highlights

  • Opportunity to acquire multi tenant building with strong cash flow and future redevelopment potential
  • More than 85% leased to AAA National & Regional tenants
  • Ample outdoor surface parking and pylon signage
  • City of Kelowna's 2040 OCP policy guidance outlines 12 storey building at this site
  • Excellent visibility on Hwy33, main access to the Big White Ski Resort, Frontage 825’ on Hwy 33, return depth 260’

Executive Summary

Plaza 33 is a well-established, income-producing shopping centre with approximately 85% of its space leased to AAA national and regional tenants. Key tenants include Save-on-Foods, Shoppers Drug Mart, TD Bank, RBC, Pizza Hut, Hub Insurance, Dynacare Valley Medical Lab, and the Okanagan Regional Library, ensuring a strong and diverse tenant mix. Situated along Highway 33, Plaza 33 offers exceptional visibility and accessibility, connecting Kelowna to the BC Interior. This prime location provides unparalleled exposure and easy access for customers. The City of Kelowna's OCP 2040 policy guidance supports a twelve-storey building at this site, offering potential for future development.

Attachments

Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
85,128 SF
Building Class
C
Year Built
1970
Price
$28,079,186 USD
Price Per SF
$330 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Land Acres
4.93 AC
Zoning
UC4 - Urban Centres are the City’s largest activity hubs. They are characterized by the largest concentration of commercial and employment uses in the city.
Parking
298 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
825 FT on Highway 33W

Amenities

  • Pylon Sign
  • Signage
  • Enclosed Mall
  • Storage Space

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dynacare Valley Medical Laboratory
  • Health Care and Social Assistance
  • 2,895 SF
  • -
  • -
  • Hub International
  • Finance and Insurance
  • 2,200 SF
  • -
  • -
  • Okanagan Regional Library
  • Services
  • 10,809 SF
  • -
  • -
  • Pizza Hut
  • Retailer
  • 1,410 SF
  • -
  • -
  • Finance and Insurance
  • 7,470 SF
  • -
  • -

Royal Bank of Canada is one of Canada's biggest banks, and among the largest in the world based on market capitalization. They serve clients in Canada, the U.S. and several other countries. They are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis.

  • Retailer
  • 30,390 SF
  • -
  • -

Save-On-Foods is a Jim Pattison business with a legacy of outstanding value and customer service that dates back more than 100 years to its start in 1915. Originally named the Overwaitea Food Group for the founder’s practice of selling 18 ounces of tea for the price of 16, the store became known as the ‘overweight-tea’ store. Today, the company is best known for its most prominent banner – Save-On-Foods – and also includes stores under the PriceSmart Foods, Urban Fare, and Bulkley Valley Wholesale banners. With more than 22,000 team members throughout British Columbia, Alberta, Saskatchewan, Manitoba and the Yukon, Save-On-Foods is more than just a great place to shop—it’s a great place to work. Save-On-Foods is one of Western Canada’s largest employers and consistently ranks among B.C.’s Most Loved Brands.

  • Shoppers Drug Mart
  • Retailer
  • 13,812 SF
  • -
  • -
  • Finance and Insurance
  • 4,202 SF
  • -
  • -

TD Canada Trust is TD Bank Group's customer-focused personal and small business banking business. Serving millions of customers nationally, TD Canada Trust provides a full range of financial products and services through its retail branch network, mobile app, telephone, Internet banking, and ‘TD Green Machine’ automated banking machines. Since their founding in 1855, TD Bank has grown from a single-branch bank serving grain millers and merchants, to a major financial services company, providing financial solutions to individuals and businesses around the world.

  • Veerji Fish & Grill
  • Retailer
  • 1,554 SF
  • -
  • -
  • WCG International Consultants
  • Administrative and Support Services
  • 1,929 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dynacare Valley Medical Laboratory Health Care and Social Assistance 2,895 SF - -
Hub International Finance and Insurance 2,200 SF - -
Okanagan Regional Library Services 10,809 SF - -
Pizza Hut Retailer 1,410 SF - -
Finance and Insurance 7,470 SF - -
Retailer 30,390 SF - -
Shoppers Drug Mart Retailer 13,812 SF - -
Finance and Insurance 4,202 SF - -
Veerji Fish & Grill Retailer 1,554 SF - -
WCG International Consultants Administrative and Support Services 1,929 SF - -
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32677777

  • Date on Market: 8/3/2024

  • Last Updated:

  • Address: 195 Highway 33 W, Kelowna, BC

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