4303 50 Avenue, Athabasca4303 50 Avenue, Athabasca — photo 24303 50 Avenue, Athabasca — photo 34303 50 Avenue, Athabasca — photo 44303 50 Avenue, Athabasca — photo 54303 50 Avenue, Athabasca — photo 64303 50 Avenue, Athabasca — photo 74303 50 Avenue, Athabasca — photo 84303 50 Avenue, Athabasca — photo 94303 50 Avenue, Athabasca — photo 104303 50 Avenue, Athabasca — photo 114303 50 Avenue, Athabasca — photo 124303 50 Avenue, Athabasca — photo 134303 50 Avenue, Athabasca — photo 144303 50 Avenue, Athabasca — photo 154303 50 Avenue, Athabasca — photo 164303 50 Avenue, Athabasca — photo 174303 50 Avenue, Athabasca — photo 184303 50 Avenue, Athabasca — photo 194303 50 Avenue, Athabasca — photo 204303 50 Avenue, Athabasca — photo 214303 50 Avenue, Athabasca — photo 224303 50 Avenue, Athabasca — photo 234303 50 Avenue, Athabasca — photo 244303 50 Avenue, Athabasca — photo 254303 50 Avenue, Athabasca — photo 264303 50 Avenue, Athabasca — photo 274303 50 Avenue, Athabasca — photo 28
1/28
For Sale · Industrial

4303 50 Avenue, Athabasca

4303 50 Avenue, Athabasca, AB T9S1M4

$990,000 total

3,457 SF

Asset Class

Industrial

Size

3,457 SF

Building class

B

Zoning

IM — Medium Industrial

$ / SF

$286

Occupancy

96%

Year Built

2012

Lot Size

1 ac

Clear height

31 ft

Loading docks

5

About this property

EXCELLENT INVESTMENT OPPORTUNITY WITH ESTABLISHED LONG TERM TENANT. Situated in arguably the best location in town for a commercial space, this property offers a prime location with maximum exposure on two intersecting major highways. 3457 sq ft shop, metal frame and siding with mono slope metal roof, built in 2012. 650 sq ft of office/storage space, 60 ft x 33.5 ft shop space, and 18.9 ft x 33.5 ft wash bay. Three 14 ft high x 14.5 ft wide doors, plus one 12 ft high x 10.5 ft wide. Excellent long term tenant in place. Zoned industrial, yard is completely fenced for secure outdoor storage. If more land is required, the adjoining vacant lot is also available for sale. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$990K
Down payment30% · $297K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$57K

Annual cash flow

$2K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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
Meridian Health Group2,214 SF2032-09
Meridian Health Group737 SF2032-09
Meridian Health Group400 SF2032-09
Meridian Health Group400 SF2032-09

Area demographics

Trade area within 3 miles of the property.

Population

55,526

Households

21,373

Median income

$133,000

Median age

37.8

Daytime population

78,605

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 4303 50 Avenue, Athabasca.

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.