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Business For Sale · Specialty

117-123 High STREET W, Moose Jaw

117-123 High STREET W, Moose Jaw, SK S6H1S5

$899,500 total

20,176 SF

Asset Class

Specialty

Size

20,176 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$45

Occupancy

86%

Year Built

1911

Lot Size

0.14 ac

About this property

This historic 4 story commercial building located in the heart of downtown Moose Jaw right next door to the Moose Jaw Events Center has so much upside potential! This historic building was completed in 1913 known as the Allan-Cummings Department Store. This reinforced concrete building features 2 main floor commercial spaces totaling 5,500 sq.ft.. The next 3 floors boast 24 residential apartments! This building is serviced with a passenger elevator to all floors as well as a stunning spiral stair case from basement to 4th floor! All of the suites are 1 bedroom with 6 larger apartments that overlook high street at the front of the building. The remaining 18 suites are smaller one bedrooms. All suites feature a living room, smaller galley style kitchen, a bedroom and a 3 piece bathroom. All 26 suites are setup to have separate meters. The building is heated by a commercial steam boiler. If you are looking for a large mixed use commercial building with a large value-add component this is it. So much history in an excellent central location! The seller's have just installed a BRAND NEW STATE OF THE ART STEAM BOILER costing over 120K - a huge improvement the buyer doesn't have to worry about. Information package will be available for serious buyers. Reach out today to book your showing! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$53K

Annual cash flow

$4K

Cash-on-cash

1.34%

DSCR

1.07

Going-in cap

5.94%

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
Vector Robotics7,936 SF2032-03
Vector Robotics4,292 SF2031-03
Vector Robotics5,124 SF2031-02

Area demographics

Trade area within 3 miles of the property.

Population

99,287

Households

45,448

Median income

$70,500

Median age

39.8

Daytime population

126,095

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 117-123 High STREET W, Moose Jaw.

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.