Churchill OLSC Limited Partnership was syndicated in 2016 and offered investors an opportunity to participate in acquiring, owning, operating and maximizing the value of the Okanagan Lake Shopping Centre – a busy shopping centre in one of British Columbia’s, fastest growing cities. Newly constructed in 2013, the property is located midway between West Kelowna and Kelowna on Highway 97, adjacent to the new interchange at Westside Road. The site is 10.1 acres and features 126,933 SF of gross leasable retail space. The property has an excellent mix of tenants, including several high -volume national and international anchors such as Shoppers Drug Mart and Tim Horton’s. Okanagan Lake Shopping Centre is a joint venture project between Churchill – Property Development Group Limited Partnership (50%) and Westbank First Nation (50%). Churchill OLSC Limited Partnership owns a partial-interest (45%) in Churchill – Property Development Group Limited Partnership. This offering required a minimum investment of $150,000 and was available to Accredited Investors only. Churchill OLSC Limited Partnership is fully subscribed.
|Property Name||Location||Asset Type||SF||Purchase Date||Purchase Price||Sale Date||Sale Price||Value +/-|
|Okanagan Lake Shopping Centre (OLSC – 22.5% interest)||West Kelowna, BC||Retail||126,933||July 2016||$9,000,000||-||-||-|
|Aggregate SF:||126,933||Aggregate Purchase:||$9,000,000||Total Gross Profit Margin:||$0|