1/17155 North Service ROAD W, Swift Current
155 North Service ROAD W, Swift Current, SK S9H3W1
$689,000 total
17,000 SF
Asset Class
Hospitality
Size
17,000 SF
Building class
B
Zoning
CB2 — Central Business
$ / SF
$41
Occupancy
85%
Lot Size
2.05 ac
About this property
REVENUE Month to Month tenants - two separate buildings 36 room budget friendly motel situated on 2.28 acres highway #1 (Trans Canada Highway) with a management suite, 3 bedrooms, full kitchen, two washrooms and two car detached garage. There are 23 Single rooms, 8 Double rooms, 3 kitchenettes, and one two bedroom suite, a decommissioned pool. Consistent reliable income with 30 rooms rented month to month, many of the tenants being long terms tenants, there is a high demand for this type of rental property in the province. All tenants pay monthly with utilities included. In a separate building a Laundromat with commercial washers and dryers, plus a large storage building adjacent(Restaurant is not included in the sale) (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$35K
Annual cash flow
$-3K
Cash-on-cash
-1.38%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Summit Trades Supply | 10,016 SF | 2032-09 |
| Summit Trades Supply | 3,089 SF | 2032-09 |
| Summit Trades Supply | 1,363 SF | 2032-09 |
Area demographics
Trade area within 3 miles of the property.
Population
55,142
Households
26,150
Median income
$135,000
Median age
38.1
Daytime population
61,520
5-yr growth
7.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 155 North Service ROAD W, Swift Current.
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.