For Lease · Retail

383 Parsons Road SW, T6X3B9, Edmonton

383 Parsons Road SW, T6X3B9, Edmonton, AB T6X0W6

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

86%

Year Built

2023

Lot Size

0 ac

About this property

New commercial retail units for lease at Parsons Square in SW Edmonton. Available Unit:Bldg 5 - Unit 383Ideal for retail, restaurant, medical or office users seeking in a high-exposure location, minutes to South Edmonton Common, Ellerslie and Summerside. Possession ready. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

125,647

Households

44,791

Median income

$70,000

Median age

39.8

Daytime population

158,556

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 383 Parsons Road SW, T6X3B9, 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.