For Sale · Office

101 & 201, 9505 Resources Road, Grande Prairie

101 & 201, 9505 Resources Road, Grande Prairie, AB T8V8C2

$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

About this property

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)

Financial sandbox

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Estimate
Purchase price$725K
Down payment30% · $217K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters1,640 SF2030-11
Prairie Coffee Roasters544 SF2030-11
Prairie Coffee Roasters400 SF2030-10
Prairie Coffee Roasters400 SF2030-10

Area demographics

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.

Secure deal room

Confidential diligence documents for 101 & 201, 9505 Resources Road, Grande Prairie.

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.