For Lease · Retail

8929 82 Ave NW, Edmonton

8929 82 Ave NW, Edmonton, AB T6C0Z2

Price on request

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Asset Class

Retail

Size

—

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

87%

Year Built

1982

Lot Size

0 ac

About this property

Prime Whyte Avenue Leasing OpportunityExcellent leasing opportunity in the heart of Edmontons vibrant Whyte Avenue corridor. This approximately 2,400 SF commercial space offers direct exposure to Whyte Avenue, providing excellent visibility and convenient access in one of Edmontons most established and active commercial districts.The space is well suited for a variety of commercial uses and is available for immediate possession. The existing layout includes five private treatment or massage rooms, two of which feature dedicated showers, as well as two washrooms and a laundry/kitchen area.Lease Details• Approximately 2,400 SF• Direct Whyte Avenue exposure• Excellent visibility and accessibility• Five private treatment rooms• Two treatment rooms with dedicated showers• Two washrooms• Laundry/kitchen area• Immediate possession available• Existing fixtures and equipment available in as-is condition for $20,000• Base Rent: $27.00/SF• Estimated Additional Rent: $8.00/SFA highly visible opportunity for an operator looking to establish or expand a business along Whyte Avenue, surrounded by established residential communities and a wide range of retail, dining, and service amenities. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

127,865

Households

44,159

Median income

$67,000

Median age

39.7

Daytime population

155,633

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 8929 82 Ave NW, Edmonton.

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.