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Our Knowledge is your Property
KELOWNA SELF STORAGE1606 & 1698 Findlay Road, Kelowna, BC
RARE INVESTMENT OPPORTUNITY
Morgan DyerDirect Tel: 604.661.0886
Simon LimDirect Tel: [email protected]
For Further Information, Please Contact
Colliers Macaulay Nicolls Inc. – Complete Commercial Real Estate Services Since 189819th Floor - 200 Granville Street, Vancouver British Columbia, Canada V6C 2R6
Toll Free 1-866-681-2655 Telephone 604-681-4111 Fax 604-661-0849www.colliers.com/Vancouver
Colliers Macaulay Nicolls Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 240 offices throughout more than 50 countries worldwide. This document has been prepared by Colliers International for advertising and general information only. Colliers International does not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. © Colliers Macaulay Nicolls Inc., Vancouver, 2007. Any reproduction in whole or in parts is strictly prohibited without the written authorization of Colliers Macaulay Nicolls Inc., Vancouver. This communication is not intended to cause or induce breach of an existing listing agreement.
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AL
EKELOWNA SELF STORAGE1606 & 1698 Findlay Road, Kelowna, BC
Morgan DyerDirect Tel: 604.661.0886
Simon LimDirect Tel: [email protected]
For Further Information, Please Contact
Colliers Macaulay Nicolls Inc. – Complete Commercial Real Estate Services Since 189819th Floor - 200 Granville Street, Vancouver British Columbia, Canada V6C 2R6
Toll Free 1-866-681-2655 Telephone 604-681-4111 Fax 604-661-0849www.colliers.com/Vancouver
Lake Okanagan
97
97
3a
33
WestbankKelowna
Naramata
Carmi
BeaverdellPenticton
Okanagan FallsKaleden
Summerland
Hedley
Peachland
Winfield
Oyama
Highw
ay 97
Findlay Road
The Opportunity: The offering represents a rare opportunity to purchase a 100% freehold interest in a large-scale, self-storage investment property in the growing city of Kelowna. The Property features 639 storage units and 40 mailboxes within 30 well maintained buildings and offers an exceptional, highly visible location alongside Highway 97.
Location: The Property is located at the intersection of Highway 97 and Findlay Road in the northeast of the Kelowna City Centre. The surrounding neighbourhood is oriented towards light industrial or service commercial development.
Site Description: The Property is comprised of two legal lots (Lot A and Lot 1) with a total site area of 5.55 acres. With almost 700 feet of frontage along Highway 97 and approximately 550 feet of frontage along Findlay Road, the site offers a highly visible, corner location.
1606 Findlay Road - Lot A has a total area of 4.658 acres and features approximately 574 feet of frontage along Highway 97 and approximately 384 feet of frontage along Findlay Road. The site is irregular in shape and features an almost level topography.
1698 Findlay Road - Lot 1 has a total area of 0.892 acres and features approximately 94 feet of frontage along Highway 97 and approximately 150 feet of frontage along Findlay Road. The site is irregular in shape and features and almost level topography.
Improvements: The Property is improved with 30 buildings that currently house 639 Storage Units and 40 mailboxes. The Property to the northeast is leased and is used for RV Storage. Below is a table summarizing the different storage unit size categories.
Description Total Units
5 x 5 56
5 x 10 159
10 x 10 117
10 x 15 84
10 x 20 91
10 x 25 28
10 x 30 53
10 x 40 1
20 x 30 1
20 x 25 1
10 x 11 24
12 x 20 11
Our Knowledge is your Property
KELOWNA SELF STORAGE
1606 & 1698 Findlay Road, Kelowna, BC
1698 Findlay Road - This Property is improved with two structures. The first is a 2,832 square foot self storage building of masonry construction. This building is subdivided into 24-118 square foot storage units, all with exterior access through high overhead doors. The second building has 11,377 square foot of net rentable area, with a mix of office/commercial units and mini storage units. (The offices are currently being used as mini-storage.)
*RVstorageislocatedonLeasedLand. Security: The perimeter of the Property is surrounded by chain link fencing with barded wire on top; in addition, there are motion
sensitive detectors.
All storage units have security alarms and heat detectors. Unit access is electronically controlled and computer monitored.
Financial Encumbrance:
There is a first mortgage on the property with Computershare Trust Company of Canada with a principal amount of $4,700,000.
Legal Description: 1606 Findlay Road - Lot A, Plan 42812, Section 34, Township 26, Osoyoos Division Yale District. PID: 015-937-429
1698 Findlay Road - Lot 1 Section 34 Township 26 Plan KAP67901 Osoyoos Division Yale District. PID: 024-898-147
Current Zoning: I1 and I2 (Industrial or service commercial use)
Tax Assessment (2008): 1606 Findlay Road Land $3,288,500 Improvement $2,405,000 TOTAL $5,693,500
1698 Findlay Road Land $984,000 Improvement $609,000 TOTAL $1,593,000
1606 Findlay Road $96,292.56 1698 Findlay Road $26,962.83 TOTAL $123,255.39
2008 Financials: Contact listing agents.
List Price: $10,750,000
Description Total Units
12 x 33 2
24 x 33.5 2
822 Sq. Ft. 1
1,1314 Sq. Ft. 1
12 x 35 1
12 x 21.5 4
935 Sq. Ft. 1
1,704 Sq. Ft. 1
TOTALS 639
Gross Realty Taxes (2008):
*Pleasenotethenumberofstorageunitscanvarydependingonwhetherunitsaremergedtogetherordivided.
Description Total Units
Mailboxes 40
RV Storage 37
TOTALS 77
1606 Findlay Road - This Property is improved with 27 detached masonry block structures containing 591 storage units ranging in size from 5’ x 5’ to 20’ x 30’. There is approximately 76,250 sq.ft. of storage space. In addition, there is a two-storey office and caretaker’s residence containing an aggregate area of about 2,833 square feet. The buildings were constructed circa 1990 and has been very well maintained.
The office/residence building is a wood frame constructed, two storey building that features an approximately 445 square foot reception area and 1,185 square foot office area on the main, and a 1,171 square foot caretaker suite on the second floor. The building is located adjacent to the gated entry.
Morgan DyerDirect Tel: 604.661.0886
Simon LimDirect Tel: [email protected]
For Further Information, Please Contact
The Opportunity: The offering represents a rare opportunity to purchase a 100% freehold interest in a large-scale, self-storage investment property in the growing city of Kelowna. The Property features 639 storage units and 40 mailboxes within 30 well maintained buildings and offers an exceptional, highly visible location alongside Highway 97.
Location: The Property is located at the intersection of Highway 97 and Findlay Road in the northeast of the Kelowna City Centre. The surrounding neighbourhood is oriented towards light industrial or service commercial development.
Site Description: The Property is comprised of two legal lots (Lot A and Lot 1) with a total site area of 5.55 acres. With almost 700 feet of frontage along Highway 97 and approximately 550 feet of frontage along Findlay Road, the site offers a highly visible, corner location.
1606 Findlay Road - Lot A has a total area of 4.658 acres and features approximately 574 feet of frontage along Highway 97 and approximately 384 feet of frontage along Findlay Road. The site is irregular in shape and features an almost level topography.
1698 Findlay Road - Lot 1 has a total area of 0.892 acres and features approximately 94 feet of frontage along Highway 97 and approximately 150 feet of frontage along Findlay Road. The site is irregular in shape and features and almost level topography.
Improvements: The Property is improved with 30 buildings that currently house 639 Storage Units and 40 mailboxes. The Property to the northeast is leased and is used for RV Storage. Below is a table summarizing the different storage unit size categories.
Description Total Units
5 x 5 56
5 x 10 159
10 x 10 117
10 x 15 84
10 x 20 91
10 x 25 28
10 x 30 53
10 x 40 1
20 x 30 1
20 x 25 1
10 x 11 24
12 x 20 11
Our Knowledge is your Property
KELOWNA SELF STORAGE
1606 & 1698 Findlay Road, Kelowna, BC
1698 Findlay Road - This Property is improved with two structures. The first is a 2,832 square foot self storage building of masonry construction. This building is subdivided into 24-118 square foot storage units, all with exterior access through high overhead doors. The second building has 11,377 square foot of net rentable area, with a mix of office/commercial units and mini storage units. (The offices are currently being used as mini-storage.)
*RVstorageislocatedonLeasedLand. Security: The perimeter of the Property is surrounded by chain link fencing with barded wire on top; in addition, there are motion
sensitive detectors.
All storage units have security alarms and heat detectors. Unit access is electronically controlled and computer monitored.
Financial Encumbrance:
There is a first mortgage on the property with Computershare Trust Company of Canada with a principal amount of $4,700,000.
Legal Description: 1606 Findlay Road - Lot A, Plan 42812, Section 34, Township 26, Osoyoos Division Yale District. PID: 015-937-429
1698 Findlay Road - Lot 1 Section 34 Township 26 Plan KAP67901 Osoyoos Division Yale District. PID: 024-898-147
Current Zoning: I1 and I2 (Industrial or service commercial use)
Tax Assessment (2008): 1606 Findlay Road Land $3,288,500 Improvement $2,405,000 TOTAL $5,693,500
1698 Findlay Road Land $984,000 Improvement $609,000 TOTAL $1,593,000
1606 Findlay Road $96,292.56 1698 Findlay Road $26,962.83 TOTAL $123,255.39
2008 Financials: Contact listing agents.
List Price: $10,750,000
Description Total Units
12 x 33 2
24 x 33.5 2
822 Sq. Ft. 1
1,1314 Sq. Ft. 1
12 x 35 1
12 x 21.5 4
935 Sq. Ft. 1
1,704 Sq. Ft. 1
TOTALS 639
Gross Realty Taxes (2008):
*Pleasenotethenumberofstorageunitscanvarydependingonwhetherunitsaremergedtogetherordivided.
Description Total Units
Mailboxes 40
RV Storage 37
TOTALS 77
1606 Findlay Road - This Property is improved with 27 detached masonry block structures containing 591 storage units ranging in size from 5’ x 5’ to 20’ x 30’. There is approximately 76,250 sq.ft. of storage space. In addition, there is a two-storey office and caretaker’s residence containing an aggregate area of about 2,833 square feet. The buildings were constructed circa 1990 and has been very well maintained.
The office/residence building is a wood frame constructed, two storey building that features an approximately 445 square foot reception area and 1,185 square foot office area on the main, and a 1,171 square foot caretaker suite on the second floor. The building is located adjacent to the gated entry.
Morgan DyerDirect Tel: 604.661.0886
Simon LimDirect Tel: [email protected]
For Further Information, Please Contact
Our Knowledge is your Property
KELOWNA SELF STORAGE1606 & 1698 Findlay Road, Kelowna, BC
RARE INVESTMENT OPPORTUNITY
Morgan DyerDirect Tel: 604.661.0886
Simon LimDirect Tel: [email protected]
For Further Information, Please Contact
Colliers Macaulay Nicolls Inc. – Complete Commercial Real Estate Services Since 189819th Floor - 200 Granville Street, Vancouver British Columbia, Canada V6C 2R6
Toll Free 1-866-681-2655 Telephone 604-681-4111 Fax 604-661-0849www.colliers.com/Vancouver
Colliers Macaulay Nicolls Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 240 offices throughout more than 50 countries worldwide. This document has been prepared by Colliers International for advertising and general information only. Colliers International does not guarantee, warrant or represent that the information contained in this document is correct. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. © Colliers Macaulay Nicolls Inc., Vancouver, 2007. Any reproduction in whole or in parts is strictly prohibited without the written authorization of Colliers Macaulay Nicolls Inc., Vancouver. This communication is not intended to cause or induce breach of an existing listing agreement.
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R S
AL
E
KELOWNA SELF STORAGE1606 & 1698 Findlay Road, Kelowna, BC
Morgan DyerDirect Tel: 604.661.0886
Simon LimDirect Tel: [email protected]
For Further Information, Please Contact
Colliers Macaulay Nicolls Inc. – Complete Commercial Real Estate Services Since 189819th Floor - 200 Granville Street, Vancouver British Columbia, Canada V6C 2R6
Toll Free 1-866-681-2655 Telephone 604-681-4111 Fax 604-661-0849www.colliers.com/Vancouver
Lake Okanagan
97
97
3a
33
WestbankKelowna
Naramata
Carmi
BeaverdellPenticton
Okanagan FallsKaleden
Summerland
Hedley
Peachland
Winfield
Oyama
Highw
ay 97
Findlay Road
