Okanagan Lake Shopping Centre (C10 – 22.5% interest)

525 Highway 97 South at Westside Road, West Kelowna BC

Date Purchased March 2011	Constructed 2013
Purchase Price $1,660,613	Unit Sizes Available 1,120 SF to 5,078 SF
Site Area 10.1 acres	Gross Leasable Area 126,933 SF
Fund: Churchill 10 Real Estate Limited Partnership

Property Description

Okanagan Lake Shopping Centre is a plaza-style power centre with 126,933 SF of leasable space comprised of five multi-tenant pads, one standalone pad, as well as a gas station with convenience store. Ideally located midway between Kelowna and West Kelowna, the property has excellent access via a newly constructed interchange at Westside Road and Hwy 97. The property offers ample parking with 536 surface paved parking spots, and excellent exposure on busy Hwy 97 South — the primary route through the region. On average, 52,000 vehicles pass by the property each day (63,000/day during peak summer season). Notable high-volume tenants include Shoppers Drug Mart, Landmark Cinemas, Tim Horton’s, Dollarama, DQ Grill and Chill, Liquor Depot, Royal Bank of Canada, Sammy J’s Grill & Bar, Shell Service Station, Subway, and TD Canada Trust. The Kelowna area (pop. 68,441) is the centre of economic and business activity in the Okanagan Valley and offers excellent growth potential. Located on Westbank First Nation land, Okanagan Lake Shopping Centre is a joint venture project between Churchill – Property Development Group Limited Partnership (50%) and Westbank First Nation (50%). Two affiliates of Churchill own partial-interests in Churchill – Property Development Group Limited Partnership – Churchill 10 (45%) and Churchill OLSC (45%).

Brochures

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