For Sale · Specialty

1944 11 Avenue NW, Medicine Hat

1944 11 Avenue NW, Medicine Hat, AB T1C1T6

$485,000 total

3,336.46 SF

Asset Class

Specialty

Size

3,336.46 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$145

Occupancy

100%

Year Built

1976

About this property

A great opportunity to own a versatile commercial property in Medicine Hat’s established Brier Industrial Park. Offering close to 3,400 sq. ft. of usable space, the building features nearly 500 sq. ft. of office space with a dedicated meeting/boardroom, over 1,800 sq. ft. of shop space, and almost 500 sq. ft. of mezzanine storage. The shop includes two overhead doors and is currently separated into two bays by a non-structural false wall, which can be removed to create one large open shop area if desired. A overhead crane/hoist and two-post vehicle lift also included. Outside, there is usable yard space on both sides of the building, plus a large rear yard providing plenty of room for equipment, vehicles, materials or additional storage. Conveniently located in Brier Industrial Park with easy access to Highway 1 and Medicine Hat’s major transportation routes, this property offers a practical setup for contractors, trades, service businesses, equipment-related operations and many other commercial uses. A functional property with excellent indoor and outdoor space, ready to adapt to your business needs. (id:66811)

Financial sandbox

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Estimate
Purchase price$485K
Down payment30% · $146K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$39K

Annual cash flow

$12K

Cash-on-cash

8.14%

DSCR

1.44

Going-in cap

7.98%

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
Halcyon Wealth Partners1,721 SF2027-11
Halcyon Wealth Partners1,609 SF2027-11

Area demographics

Trade area within 3 miles of the property.

Population

99,502

Households

38,294

Median income

$90,000

Median age

45.7

Daytime population

91,024

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 1944 11 Avenue NW, Medicine Hat.

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.