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For Sale · Office

4920 54 Street, Red Deer

4920 54 Street, Red Deer, AB T4N2G8

$699,900 total

5,000 SF

Asset Class

Office

Size

5,000 SF

Building class

A

Zoning

DC1 — Direct Control

$ / SF

$140

Occupancy

88%

Year Built

1982

Lot Size

0.18193296602387513 ac

About this property

Well kept 5000 SQ. FT. "turn key" single storey office building with 17 offices (potential to demise space for more), central board room, kitchen, reception area, large his and hers bathrooms. Zoned C-1, this centrally located building is easily accessible when heading North or South on Gaetz Avenue. C-1 zoning allows for a multitude of different uses other than office use. The rear of the building has 10 paved/energized parking stalls with parking stall rental options if more needed directly west of the building. A perfect solution for your business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$700K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$-3K

Cash-on-cash

-1.36%

DSCR

0.93

Going-in cap

5.13%

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
Cascade Foods Inc.4,395 SF2031-01

Area demographics

Trade area within 3 miles of the property.

Population

133,217

Households

51,805

Median income

$86,500

Median age

45.2

Daytime population

132,176

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 4920 54 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.