Business For Sale · Industrial

Carvel

Carvel, AB T7Y0C9

$849,649 total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

94%

Lot Size

15.968367277318642 ac

Clear height

31 ft

Loading docks

5

About this property

Exceptional commercial opportunity with great Highway 16A access and less than 15 minutes from Stony Plain! This expansive 3,100 sq. ft. executive bungalow offers significant commercial potential, featuring 7 bedrooms, 3 full baths, 2 half baths, 3 living areas, a great room with vaulted ceilings, and a pool room with second kitchen. Extensive recent upgrades include new kitchen, appliances, flooring, refinished basement, furnace, hot water tank and septic tank. Property includes double attached garage, triple detached garage/workshop, covered storage, 3-stall barn, fenced and cross-fenced areas, and approximately 2,700 sq. ft. of decking surrounding the inground pool. Licensed dog kennel provides an established business-use opportunity. External wood/coal furnace helps reduce heating costs. Power, gas and sewer hookups are in place for a potential second residence. Excellent highway exposure, accessibility and versatile commercial potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$850K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$53K

Annual cash flow

$6K

Cash-on-cash

2.41%

DSCR

1.13

Going-in cap

6.27%

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.

Area demographics

Trade area within 3 miles of the property.

Population

79,119

Households

32,565

Median income

$87,500

Median age

44.8

Daytime population

102,645

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for Carvel.

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.