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Business For Sale · Industrial

11450 89 Avenue, Grande Prairie

11450 89 Avenue, Grande Prairie, AB T8V5V8

$499,900 total

960.15 SF

Asset Class

Industrial

Size

960.15 SF

Building class

C

Zoning

IB — Industrial Business

$ / SF

$521

Occupancy

94%

Year Built

2003

Lot Size

0.45 ac

Clear height

26 ft

Loading docks

8

About this property

Approx 1/2 acre Industrial lot with 3 buildings to suit a various number of businesses' located in Richmond Industrial Park. This corner lot is fully fenced with 2 approaches and is half paved with the remainder being hard packed gravel with excellent access to 116 st. Buildings include a 40x24 finished shop offering 14 ft vaulted ceiling and a 12x12 overhead door, a fully finished 30x24 secondary shop with bathroom and bench top, both have Rhino finished floors. There is also a 12x40 Atco trailer offering many uses depending on your business needs. This property will suit many types of Industrial and business requirements and is turn key and ready to start running your operational needs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$-1K

Cash-on-cash

-0.94%

DSCR

0.95

Going-in cap

5.26%

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
Lakeview Physiotherapy492 SF2031-03
Lakeview Physiotherapy400 SF2031-03
Lakeview Physiotherapy400 SF2031-03
Lakeview Physiotherapy400 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

113,040

Households

47,718

Median income

$122,000

Median age

34.4

Daytime population

132,286

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 11450 89 Avenue, Grande Prairie.

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.