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Kelowna office properties fetch $3.1M on keen investor interest

Downtown Kelowna's transformation supports strong pricing
455-477-leon-avenue-kelowna
Two single-storey office properties at 455 and 477 Leon Ave., in Kelowna sold Nov. 4 for just short of $3.1 million.

DEAL | William Wright Commercial agents Jeff Hancock and Shelby Kostyshen completed the sale of a two-property office portfolio in Kelowna on Nov. 4 for $3.1 million. The single-storey properties include 455 Leon Ave., sold for $2,065,000 and 477 Leon Ave., which sold for $1,030,000. The properties were of nearly equal size and comprise a total of 5,670 square feet. The surrounding area has seen strong growth in multifamily, commercial and mixed-use developments and these two buildings were able to achieve a sale price above asking due to the purchaser’s desire to assemble properties in the surrounding area.

PRICE | $3,095,000

FROM | Jeff Hancock and Shelby Kostyshen, William Wright Commercial