1/6Forestburg
Forestburg, AB T0B0H7
$599,000 total
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Asset Class
Hospitality
Size
—
Building class
A
Zoning
CHY — Highway Corridor
$ / SF
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Occupancy
83%
Lot Size
1.1400000000000001 ac
About this property
THIS IS A VERY PROFITABLE MOTEL BUSINESS; THIS IS AN EXCELLENT OPPORTUNITY FOR A FAMILY OR 2 FAMILIES. THE PROPERTY CONSISTS OF A 29 UNIT MOTEL (19 KITCHENETTE) WITH 3 BED OWNERS SUITE, CLEAN & COMFORTABLE. HWY 856 @ 53; SE OF EDMONTON, EAST OF RED DEER. FINANCIAL STATEMENT AVAILABLE FOR SERIOUS BUYER. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$26K
Annual cash flow
$-7K
Cash-on-cash
-3.78%
DSCR
0.80
Going-in cap
4.41%
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
72,019
Households
30,403
Median income
$105,000
Median age
45.3
Daytime population
99,289
5-yr growth
5.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for Forestburg.
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.