For Lease · Industrial

1160 Steel Street SE, Medicine Hat

1160 Steel Street SE, Medicine Hat, AB T1A1E7

$10 Monthly

4,000 SF

Asset Class

Industrial

Size

4,000 SF

Building class

A

Zoning

IB — Industrial Business

$ / SF

$0

Occupancy

87%

Year Built

1978

Clear height

24 ft

Loading docks

9

About this property

Building for Lease! Building is 4000 sqft. Additional area on east for storage/parking. Total lot size is approx 13,450 sqft. 3 overhead doors in front and 2 in back. Building will be vacant Nov 1, 2026. Rent monthly $3333.33 plus GST per month, and common costs an additional rent of $1033.33 plus GST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$10
Down payment30% · $3
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

10.53%

DSCR

1.57

Going-in cap

8.70%

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 Roasters1,600 SF2033-09
Prairie Coffee Roasters865 SF2033-09
Prairie Coffee Roasters460 SF2033-09
Prairie Coffee Roasters544 SF2033-09

Area demographics

Trade area within 3 miles of the property.

Population

114,851

Households

44,192

Median income

$121,500

Median age

33.7

Daytime population

191,961

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 1160 Steel Street SE, Medicine Hat.

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.