Sunstone Opportunity Fund (2006) Investment Properties

The Shops at Polson Park is located on the south side of Highway 6, west of Kalamalka Lake Road, providing excellent access from all directions. Servicing the affluent south end of Vernon and neighbouring District of Coldstream, The Shops at Polson Park caters to a regional trade area of over 83,000 people with an average household income over $71,000.

Vernon is located in the North Okanagan region of British Columbia. North Okanagan is bounded by the Shuswap Region to the north and the Central Okanagan to the south. The North Okanagan Region is the second most populated region in the Okanagan Valley with the City of Vernon being the region’s dominant centre. Vernon’s central location and proximity to both established ski hills and some of the Okanagan’s most beautiful lakes make it a popular destination for vacationers throughout the summer and winter months.

Address:  2306 6 HWY, Vernon, BC

Building Size:   119,484 sq. ft.
Year Built:   
Tenancy:  Multi
Zoning:   C-4 Shopping Centre Zone

Contact

P:  604-681-5959
E:  info@puremultifamily.com
  • Purchase price: $12,500,000
  • Purchase date: May 2007
  • Mortgage: $17,232,388
  • Interest rate: Prime + 1.50%
  • Debt maturity: On demand
  • Rentable area (sq. ft.): 119,484
  • Site area (acres): 9.686
  • Key tenants: Save-On-Foods, Galaxy Cinemas, Shoppers Drug Mart, RBC Royal Bank
  • Property type: Shopping centre