5912 54 Avenue, Red Deer5912 54 Avenue, Red Deer — photo 25912 54 Avenue, Red Deer — photo 35912 54 Avenue, Red Deer — photo 45912 54 Avenue, Red Deer — photo 55912 54 Avenue, Red Deer — photo 65912 54 Avenue, Red Deer — photo 75912 54 Avenue, Red Deer — photo 85912 54 Avenue, Red Deer — photo 95912 54 Avenue, Red Deer — photo 105912 54 Avenue, Red Deer — photo 115912 54 Avenue, Red Deer — photo 125912 54 Avenue, Red Deer — photo 135912 54 Avenue, Red Deer — photo 145912 54 Avenue, Red Deer — photo 155912 54 Avenue, Red Deer — photo 165912 54 Avenue, Red Deer — photo 17
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For Lease · Specialty

5912 54 Avenue, Red Deer

5912 54 Avenue, Red Deer, AB T4N4M7

$329,000 per sq ft / yr

1,986 SF

Asset Class

Specialty

Size

1,986 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$166

Occupancy

99%

Year Built

1981

About this property

This 1,986 SF building in Riverside Meadows is available for sale. This well kept building has a front office / retail area of approximately 550 SF with two recently renovated washrooms, one office, and an open mezzanine above. The warehouse has a 12' x 12' overhead door, fluorescent lighting, a floor drain and a hanging forced air furnace. There is a fenced, graveled yard space in the rear that is approximately 49' by 30' (1,470 SF). The front parking is not a part of the property, but there is an annual agreement with the City of Red Deer on the title for usage. The property is also available for lease. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$329K
Down payment30% · $99K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$1K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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 Supply1,972 SF2028-11

Area demographics

Trade area within 3 miles of the property.

Population

131,890

Households

53,857

Median income

$67,500

Median age

38.6

Daytime population

185,954

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 5912 54 Avenue, Red Deer.

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.