Business For Sale · Specialty

40325 Range Road 282, Rural Lacombe County

40325 Range Road 282, Rural Lacombe County, AB T4L2N1

$1.6M total

0 SF

Asset Class

Specialty

Size

0 SF

Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

99%

Year Built

2010

Lot Size

21.41 ac

About this property

Established RV park and mini golf operation situated on Gull Lake, Alberta, within Lacombe County. Zoned Public Recreation (PR), currently operating 58 full-service seasonal and overnight sites. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$102K

Annual cash flow

$13K

Cash-on-cash

2.75%

DSCR

1.15

Going-in cap

6.37%

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

44,099

Households

16,122

Median income

$127,500

Median age

33.7

Daytime population

73,450

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 40325 Range Road 282, Rural Lacombe County.

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.