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Business For Sale · Industrial

5002 50 Street, Strome

5002 50 Street, Strome, AB T0B4H0

$220,000 total

4,921 SF

Asset Class

Industrial

Size

4,921 SF

Building class

C

Zoning

IM — Medium Industrial

$ / SF

$45

Occupancy

87%

Year Built

1982

Lot Size

0.27548209366391185 ac

Clear height

24 ft

Loading docks

9

About this property

Here is a great turn-key shop in the quaint community of Strome. Formerly a tireshop, this over 4900 square foot shop could easily be returned to its former luster orconverted into a body shop. Your options are endless as an entrepreneur! With twooffices and a washroom, hoist and paint booth, this shop located on 50 th street in Stromeis ideal for a start up geared towards an industrial component. Located on four lots,there is plenty of room for expansion of your operation. Nestled between Daysland andKillam, this shop is in the ideal location for a motivated mechanic or someone whowould like to start a new endeavor in the great community of Strome. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$220K
Down payment30% · $66K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$10K

Annual cash flow

$-2K

Cash-on-cash

-3.68%

DSCR

0.80

Going-in cap

4.44%

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
Summit Trades Supply4,296 SF2030-03

Area demographics

Trade area within 3 miles of the property.

Population

108,390

Households

46,591

Median income

$103,500

Median age

33.5

Daytime population

115,466

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for 5002 50 Street, Strome.

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.