For Lease · Specialty

21, 53304 Range Road 170, Rural Yellowhead County

21, 53304 Range Road 170, Rural Yellowhead County, AB T7E0C4

$1.4M Monthly

5,040 SF

Asset Class

Specialty

Size

5,040 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$278

Occupancy

82%

Year Built

2008

About this property

Excellent opportunity to own a 5,040 sq. ft. commercial shop situated on 3.51 acres in the Industrial Mizera Subdivision. Designed with functionality in mind, the shop features 20-foot ceilings, two large bays with 18-foot automatic overhead doors, plus an enclosed breezeway that provides a third bay for additional workspace or storage. The building is equipped with an air exchange system and offers a well-planned office area including two second-floor offices, space for a third office or coffee area, two bathrooms, a boardroom, and a reception area.The property is zoned RI (Rural Industrial) and is approved for the on-site storage of oilfield fluids, although no oilfield fluids have been stored on the property to date. The fully graveled 3.51-acre yard provides ample space for equipment storage, maneuvering, and parking, making this a versatile property well suited for a variety of industrial or commercial operations. Also listed for Lease MLS A2341893. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.40M
Down payment30% · $420K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$62K

Annual cash flow

$-16K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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
Meridian Health Group2,510 SF2034-11
Meridian Health Group992 SF2027-11
Meridian Health Group400 SF2034-11
Meridian Health Group400 SF2034-11

Area demographics

Trade area within 3 miles of the property.

Population

109,861

Households

48,453

Median income

$102,500

Median age

44.9

Daytime population

159,286

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 21, 53304 Range Road 170, Rural Yellowhead 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.