For Lease · Specialty

102 Strathaven Drive, Strathmore

102 Strathaven Drive, Strathmore, AB T1P1P7

$18 Yearly

4,757 SF

Asset Class

Specialty

Size

4,757 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

95%

Year Built

2007

About this property

An exceptional opportunity for a daycare, preschool, early learning centre, or other child-focused business at 102 Strathaven Drive in Strathmore. Offering approximately 9,730 sq. ft. of versatile commercial space, the property features multiple large open areas, private offices, reception space, a kitchen, staff rooms, washrooms, and ample storage. Approximately 6,000 sq. ft. of exterior space is also available, providing excellent potential for a future outdoor daycare play area, subject to applicable municipal approvals and licensing requirements.The flexible layout is well suited for classrooms, activity areas, administration, staff facilities, indoor recreation, and child-care programming. The property is conveniently located in an established Strathmore community with excellent accessibility for families, staff, and service providers.This is a rare opportunity to establish or expand a daycare or early learning business in a spacious property with both indoor and outdoor growth potential.The main level is offered at $22.00 per sq. ft. in base rent, while the basement is offered at $14.00 per sq. ft., resulting in a blended base rental rate of $18.00 per sq. ft. Operating costs are estimated at $8.00 per sq. ft. (id:66811)

Financial sandbox

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Estimate
Purchase price$18
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-0.88%

DSCR

0.95

Going-in cap

5.28%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design2,017 SF2032-05
Blue Harbour Design2,521 SF2032-05

Area demographics

Trade area within 3 miles of the property.

Population

109,932

Households

48,554

Median income

$100,000

Median age

42.7

Daytime population

163,318

5-yr growth

4.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 102 Strathaven Drive, Strathmore.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.