110, 4828 53 Street, Red Deer110, 4828 53 Street, Red Deer — photo 2110, 4828 53 Street, Red Deer — photo 3110, 4828 53 Street, Red Deer — photo 4110, 4828 53 Street, Red Deer — photo 5110, 4828 53 Street, Red Deer — photo 6110, 4828 53 Street, Red Deer — photo 7110, 4828 53 Street, Red Deer — photo 8110, 4828 53 Street, Red Deer — photo 9110, 4828 53 Street, Red Deer — photo 10110, 4828 53 Street, Red Deer — photo 11
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For Lease · Specialty

110, 4828 53 Street, Red Deer

110, 4828 53 Street, Red Deer, AB T4N2E8

$13 Yearly

1,436 SF

Asset Class

Specialty

Size

1,436 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

87%

Year Built

2004

About this property

Walking distance to downtown Red Deer on a quiet street that is adding new buildings and businesses regularly. Space is 1,436 sq ft with a separate office in the back and 2 piece bathroom. Staff parking at the back of the building. Common area costs are budgeted at $7.50/sq ft/ year and include building insurance, taxes, exterior maintenance, parking lot maintenance and common area utilities. Tenant's heat and power are separately metered. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$13
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

3.84%

DSCR

1.21

Going-in cap

6.69%

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 Physiotherapy527 SF2032-07
Lakeview Physiotherapy400 SF2032-07
Lakeview Physiotherapy417 SF2032-07

Area demographics

Trade area within 3 miles of the property.

Population

82,268

Households

38,755

Median income

$123,000

Median age

34

Daytime population

139,075

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 110, 4828 53 Street, 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.