5219 48 Avenue, Taber
5219 48 Avenue, Taber, AB T1G1S8
$298,000 total
3,000 SF
Asset Class
Specialty
Size
3,000 SF
Building class
C
Zoning
US — Urban Services
$ / SF
$99
Occupancy
82%
Year Built
1948
About this property
This property presents an excellent investment opportunity in the heart of downtown Taber, featuring a newly signed five year lease with escalating rental rates through 2031. The existing tenancy provides established rental income and long-term lease security, while scheduled rental increases offer the potential for income growth over the lease term. The building has been tastefully renovated with modern finishes, offering an attractive commercial space with reduced immediate renovation needs.Ideally situated in downtown Taber, this property offers investors the benefit of an established tenant, a defined lease term and potential for increasing rental returns. Its versatile layout and central location also support long term commercial appeal and future flexibility, subject to the existing lease and applicable zoning regulations.Please note: Tenant rights apply. All showings are by appointment only. The business operating on the premises is owned by the tenant and is not included in the sale. The sale pertains to the property only. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$15K
Annual cash flow
$-1K
Cash-on-cash
-1.46%
DSCR
0.92
Going-in cap
5.10%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 2,472 SF | 2028-01 |
Area demographics
Trade area within 3 miles of the property.
Population
143,786
Households
62,626
Median income
$103,500
Median age
45.1
Daytime population
211,218
5-yr growth
9.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 5219 48 Avenue, Taber.
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.