The Next Generation of Large-Format Industrial Strata By Beedie

Building Features

CONSTRUCTION
Concrete tilt-up insulated panels

CEILING HEIGHT
28’ clear

LOADING
Dock and grade loading per unit

FLOOR LOAD
500 lbs/SF live load warehouse floor load capacity

POWER
200 amps at 347/600 volts per bay

RECIRCULATION FANS
Ceiling fans located near loading doors

SPRINKLERS
ESFR sprinkler system

INTERIOR WAREHOUSE
A minimum of two 6’x6’ skylights per bay with interior walls painted white for greater illumination

LIGHTING
High efficiency LED fixtures

MEZZANINE
Structural steel mezzanine complete with guard rail & designed to 100 lbs/SF floor load capacity

HEATERS
Gas-fired unit heaters

SERVICE PLUS
12-month warranty on all material and workmanship defects from the date of substantial completion

The Location

Conveniently located immediately off Highway 97, Stratosphere offers unparalleled access to the Okanagan’s primary arterial routes and unrivaled transportation advantage through the Interior.

Located adjacent to Kelowna International Airport, Stratosphere is the latest addition to the comprehensively developed Airport Business Park. Known as Kelowna’s Northern Gateway, the +/- 70-acre business park backs onto the University of British Columbia’s (UBC) Okanagan campus and a unique mixed commercial comprised of industrial, retail, mini-storage, university labs, and hotels. Notable industrial occupiers within the park include Overland West, Great Little Box Company, K2 Stone, Trail Appliances Distribution, and many others.

Stratosphere is the last remaining large-scale development site of over 5 acres situated close to Kelowna’s core, making the strata opportunity rare with little to no similar-product supply relief for years to come.

Population Figures

KELOWNA METROPOLITAN AREA

222,162 (2021 Census Data)

THOMPSON-OKANAGAN REGION

604,651 (2021 Census Data)

POPULATION GROWTH CHANGE

14% increase between 2016 to 2021

#1
Fastest Growing City
in Canada in 2021

Kelowna Industrial Market Statistics (Q3 2022)

VACANCY

1.62%

INVENTORY

11,829,786 SF

NET ABSORPTION

268,435 SF

Amenities

Airport Business Park is rich in amenities with retail, restaurant, and hospitality services within a 5-minute walk from Stratosphere. The area is home to Airport Village, which includes anchor tenants Nesters Market, Pharmasave, and Tim Hortons and Kelowna’s first airport hotel, Four Points by Sheraton. Leisure activities are readily available, with four golf courses located within a 5km radius and the Okanagan Rail Trail only steps away.

Public Transportation

Stratosphere is located at an essential transportation point within Kelowna, in proximity to two of the city’s main public transportation hubs, Kelowna International Airport and UBCO Transit Exchange. Six individual bus stops are located within walking distance of Stratosphere, offering transportation ease for owners and employees.

Benefits of Ownership

Whether you purchase real estate for the flexibility to grow your business or for the certainty as an investment, controlling your real estate offers you the opportunity to own commercial assets from a trusted developer in a professionally managed development. Purchasing a brand new building minimizes the risk to significant capital repairs and replacements over the first 15 years of ownership. This allows for excellent maintenance of your real estate asset and carefree ownership for the operating business.

Enjoy the benefits of ownership and the advantage and value of buying early in today’s market. Build your long-term bottom line and be awarded by stability in
ownership while your business builds equity and yields return for years to come.

PERSONAL WEALTH

Build personal wealth apart from your operating company.

FLEXIBILITY

Control of your own facility and be free of Landlord woes. Be your own landlord by controlling your rent increases or own industrial property within a competitive industrial market.

EQUITY

Build your own equity instead of investing in leasehold improvements to appreciate someone else’s asset.

TWO-FOLD TAX BENEFIT

Owner’s business will still write off their rental payment as a business expense and their holding company will deduct carrying costs against rental income. Potential for Capital Cost Allowance deduction.

Owning your company’s real estate provides flexible exit strategies for business owners.

1
Selling your business
& retaining an income producing real estate asset.

2
Selling your facility
(and potentially leasing back the facility) for a substantial cash infusion.

3
Selling both your business & the facility together.

The Road to Ownership

Beedie will be there to help you every step of the way. During the construction period, you will be given regular progress updates and the opportunity to tour the property as milestones are reached on site.

As Stratosphere approaches construction completion, Beedie will provide ample notice so you have plenty of time to finalize financing arrangements and coordinate with legal counsel, allowing you to take ownership of your unit. Beedie will walk you through your unit before handing over the keys to your business’ new home.

As soon as Stratosphere is ready for occupancy, rest assured your asset will be managed by an experienced licensed property manager. The property manager, in conjunction with Beedie’s development team, will help you navigate through the Condo Corporation’s approvals for your office improvements and corporate signage installation. After move-in, the property manager will then ensure the property is well-maintained and will take care of the day-to-day management of the development, leaving you free to focus on your business.

About the Developer

Since 1954, Beedie has combined innovation and craftsmanship to bring new possibilities to life. Today, we are one of Western Canada’s largest industrial and residential developers, having completed more than 35 million square feet of new development. Our integrated structure allows us to implement the highest construction and design standards, and our legacy of relationship building enables us to deliver projects that drive commercial value. As Beedie grows our operations across North America, we have industrial building opportunities available in British Columbia, Alberta, Ontario, and Las Vegas.

Contact Our Team

Steve Laursen

Personal Real Estate Corporation
Royal Lepage Commercial
[email protected]
+1 250 808-8101

Travis Blanleil

CBRE Limited
Senior Associate
[email protected]
+1 250 215-6788

Chris MacCauley

Personal Real Estate Corporation
CBRE Limited
Executive Vice President
[email protected]
+1 604 662-5190

Kyle Dodman

Personal Real Estate Corporation
CBRE Limited
Vice President
[email protected]
+1 604 309-9446

Register Your Interest Today

Marketed by CBRE

ROYAL LEPAGE KELOWNA COMMERICAL