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For Lease · Industrial

3713 37 Street, Whitecourt

3713 37 Street, Whitecourt, AB T7S1N8

$8,000 Monthly

8,100 SF

Asset Class

Industrial

Size

8,100 SF

Building class

B

Zoning

IL — Light Industrial

$ / SF

$1

Occupancy

91%

Year Built

2001

Lot Size

1.58 ac

Clear height

33 ft

Loading docks

13

About this property

This large shop is newly painted, and with its bright new lights, it is a beauty to run your business from. All three bays are drive through, and one is set up as a wash bay. Plenty of office space on two levels, with large, clean washrooms. All doors are 16 feet in height. Located just a block off Highway 43, the pavement brings you right to the property. The large back yard is fully fenced with gates on both sides, and the entire 1.58 acres has great gravel with great compaction. Although the building is 25 years old, it looks brand new,as the landlords have taken great care of this property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$8K
Down payment30% · $2K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$37

Projected NOI

$413

Annual cash flow

$-30

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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
Lakeview Physiotherapy4,306 SF2032-01
Lakeview Physiotherapy1,797 SF2032-01
Lakeview Physiotherapy1,301 SF2032-01

Area demographics

Trade area within 3 miles of the property.

Population

109,824

Households

50,560

Median income

$123,000

Median age

35

Daytime population

143,544

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 3713 37 Street, Whitecourt.

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.