For Sale · Office

2nd Floor,, Edmonton

2nd Floor,, Edmonton, AB T5H0W2

Price on request

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Asset Class

Office

Size

—

Building class

A

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

87%

Year Built

1973

Lot Size

0 ac

About this property

This beautiful office space resides in Central Mcdougall in a high exposure location off 107 Ave and 105 St. This space is perfectly designed and fine-tuned with work and play elements, colourful finishes, corporate boardroom and reading nooks. Features include: Air-conditioning, Located along the LRT route, Second floor unit, Move in ready with updated flooring and paint, front reception, various offices(9) and boardrooms, open workspace with kitchenette and bathrooms. All utilities included in rent. demising option available to provide versatility to multiple tenant or business needs. Off street parking and designated parking stalls available in rear of building. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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.

Area demographics

Trade area within 3 miles of the property.

Population

114,097

Households

51,739

Median income

$64,500

Median age

39.6

Daytime population

137,040

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 2nd Floor,, Edmonton.

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.