For Lease · Industrial

1202 8 Street, Nisku

1202 8 Street, Nisku, AB T9E7M3

Price on request

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IB — Industrial Business

$ / SF

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Occupancy

95%

Year Built

1980

Lot Size

0 ac

Clear height

34 ft

Loading docks

8

About this property

• 3,360 sq.ft.± warehouse bay for lease• 12’x14’ grade loading• Double row parking on site• Large marshalling area behind building with some yard storage permitted• IND Industrial Zoning• Easy access to Airport Road, Highway 2, and Highway 625 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

106,394

Households

38,484

Median income

$124,500

Median age

34.8

Daytime population

116,389

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 1202 8 Street, Nisku.

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.