For Lease · Land

273250 Township Road 250 Road E, Rural Rocky View County

273250 Township Road 250 Road E, Rural Rocky View County, AB T1Z0Y5

$3.5M Monthly

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

90%

About this property

An 24 Acres land wirh home and storages buildings located 13KM East of Calgary. An bangalow of 2328Sf home with 3 bedrooms and 2 offices ( can use as bedrooms with 3 bathrooms.) 3750 sqft of storage building and 13,500 sqft of another storage building. As of right now, the house is rented $2350, the smaller storage building rented for $2650 and a 2 bedroons in between 2 storage building is rented for $700 per month. The total rental revenue is about $5700 per month. The potential rental value for the 13000sqft storage building is $7.5 per sqft will be $8125. The total rental revenue will be $13825 Per month. \the listing agent has an interest in the property. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.50M
Down payment30% · $1.05M
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$16K

Projected NOI

$178K

Annual cash flow

$-16K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

48,440

Households

19,278

Median income

$79,500

Median age

42.2

Daytime population

65,767

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 273250 Township Road 250 Road E, Rural Rocky View County.

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.