For Sale · Hospitality

508 12th AVENUE E, Kindersley

508 12th AVENUE E, Kindersley, SK S0L1S0

$2.9M total

24,000 SF

Asset Class

Hospitality

Size

24,000 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

$120

Occupancy

99%

Year Built

1998

Lot Size

1.38 ac

About this property

Super 8 Hotel located in Kindersley. Very well maintained. Total of 48 rooms including 1 Jacuzzi Suite and 2 Suite Rooms, Meeting Room, Coin Laundry Room. Good location in Busy town. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.89M
Down payment30% · $867K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$246K

Annual cash flow

$86K

Cash-on-cash

9.88%

DSCR

1.54

Going-in cap

8.51%

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
Prairie Coffee Roasters11,707 SF2028-02
Prairie Coffee Roasters12,053 SF2028-02

Area demographics

Trade area within 3 miles of the property.

Population

146,363

Households

51,447

Median income

$94,000

Median age

46

Daytime population

165,858

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 508 12th AVENUE E, Kindersley.

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.