8,, Spruce Grove
8,, Spruce Grove, AB T7X3A3
Price on request
—
Asset Class
Office
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
82%
Year Built
1978
Lot Size
0 ac
About this property
Affordable second floor office space in a well established South Avenue commercial complex. With 605 sf, this unit is ideal for small professional offices, startups, or service based businesses looking for a cost effective footprint. Situated above the one time convenience store, this unit provides a quieter, more private setting while still benefitting from the visibility and activity of the property. Tenants have access to ample on site parking, convenient entry points, and quick connections to major roadways including Highway 16A. A smart choice for those seeking a functional office in central Spruce Grove. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$66K
Annual cash flow
$-17K
Cash-on-cash
-3.83%
DSCR
0.79
Going-in cap
4.39%
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
85,879
Households
29,677
Median income
$72,000
Median age
39.4
Daytime population
115,604
5-yr growth
3.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 8,, Spruce Grove.
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.