For Sale · Specialty

A, B & C, 5302 50 Avenue, Athabasca

A, B & C, 5302 50 Avenue, Athabasca, AB T9S1G8

$699,000 total

6,365 SF

Asset Class

Specialty

Size

6,365 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$110

Occupancy

90%

Year Built

2015

Lot Size

0.27548209366391185 ac

About this property

Raise the bar, this exceptional space will attract clients, and keep them wanting to come back. Prime location close to the downtown core with high visibility on Highway 2. Over 6,000 sq ft of flexible space, this building was developed to accommodate any type of business. Whether you require maximum open space for large projects, warehouse storage, studio style or separated office space, this building can deliver. Already separated into 3 units, if you require more space the upper and lower units could easily be combined for separate work and office space. Unit A - 2128 sq ft, is already occupied by an established long term tenant, providing stable income. Unit B – 1870 sq ft, ground level, has a finished front office space, back work area is mainly open with kitchen, 2 private bathrooms and utility. Unit C – 1967 sq ft, upper level, is a wide open, versatile space with a wall of windows facing the Athabasca River, creating a pleasant environment full of natural light. Private bathroom and utility. Could easily be sectioned into closed stations for privacy. With the prime highway frontage, the second level has an advantage of reduced road noise, and private balcony that’s only accessible from inside the unit. Large overhead doors on the ground level units provide easy access for vehicles or deliveries, or if not required still offer tons of natural light. Units A and C have central air conditioning. Seller is motivated and will consider trades for land or residential real estate. (id:66811)

Financial sandbox

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Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$47K

Annual cash flow

$9K

Cash-on-cash

4.10%

DSCR

1.22

Going-in cap

6.77%

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
Summit Trades Supply5,748 SF2034-06

Area demographics

Trade area within 3 miles of the property.

Population

91,636

Households

42,249

Median income

$88,000

Median age

43.3

Daytime population

134,876

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for A, B & C, 5302 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.