For Sale · Industrial

193 Athabascan Avenue, Sherwood Park

193 Athabascan Avenue, Sherwood Park, AB T8A4C8

$395,000 total

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

96%

Lot Size

0 ac

Clear height

36 ft

Loading docks

6

About this property

Position your business for success in this versatile industrial bay, thoughtfully configured to balance professional office space with practical warehouse and storage capacity. The main floor offers a spacious reception area, private office, kitchenette, 2-piece bathroom, and multiple storage rooms. Upstairs, the 800 sqft mezzanine provides two additional offices—one with dedicated storage—plus a 3-piece bathroom. A separate area of the mezzanine offers valuable flexibility for future office expansion or additional shop storage (the mezzanine is not included in the square footage). The warehouse is designed for efficient day-to-day operations, featuring 12 overhead door, rear man door, a dedicated tool crib, and an additional 2-piece bathroom conveniently located in the shop. With its adaptable layout and well-integrated amenities, this smaller bay is an excellent fit for a wide range of businesses seeking functional office, warehouse, and storage space in one location. Adjoining space of 2,163 sqft is also available. (id:66811)

Financial sandbox

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Estimate
Purchase price$395K
Down payment30% · $119K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$3K

Cash-on-cash

2.28%

DSCR

1.12

Going-in cap

6.22%

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

73,255

Households

30,544

Median income

$84,000

Median age

41.4

Daytime population

84,075

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 193 Athabascan Avenue, Sherwood Park.

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.