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$724,900 total
2,963 SF
Asset Class
Office
Size
2,963 SF
Building class
A
Zoning
DC1 — Direct Control
$ / SF
$245
Occupancy
83%
Year Built
2007
Lot Size
0.08203891412107164 ac
Executive office space in Tuscan Square, located in the Railtown subdivision with excellent visibility from Resources Road! This end-cap unit offers a professional and welcoming atmosphere, plenty of natural light and a flexible layout suitable for a variety of businesses. The main floor features a warm and inviting reception area complete with a reception desk, waiting area and signature built-in fish tank. There are 3 generously sized offices with large windows, 3 additional interior offices, a secure file storage room that could serve as another office, 2 washrooms and a kitchenette. The second floor offers 6 offices with large windows, several large enough to accommodate multiple workstations or function as boardrooms or meeting rooms. There are also 2 smaller offices that could be removed to create an additional reception area, along with a kitchenette and dining area and 2 washrooms. One of the property's greatest features is its flexibility! The building offers the potential to separate the main and upper levels with independent entrances, allowing an owner-operator to occupy one floor and lease the other for additional income, or accommodate future business growth. With excellent exposure, plenty of paved parking surrounding the unit and a convenient location, this property presents an outstanding opportunity. Whether you're expanding your investment portfolio or searching for a new home for your business, this versatile office space is worth a look! (id:66811)
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Monthly debt service
$3K
Projected NOI
$35K
Annual cash flow
$-5K
Cash-on-cash
-2.20%
DSCR
0.88
Going-in cap
4.88%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 1,640 SF | 2030-11 |
| Prairie Coffee Roasters | 544 SF | 2030-11 |
| Prairie Coffee Roasters | 400 SF | 2030-10 |
| Prairie Coffee Roasters | 400 SF | 2030-10 |
Trade area within 3 miles of the property.
Population
40,779
Households
14,496
Median income
$133,000
Median age
37.2
Daytime population
45,513
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 101 & 201, 9505 Resources Road, Grande Prairie.
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.