1/961 Imperial Drive, Rainbow Lake
61 Imperial Drive, Rainbow Lake, AB T0H2Y0
$85,000 total
1,200 SF
Asset Class
Specialty
Size
1,200 SF
Building class
A
Zoning
US — Urban Services
$ / SF
$71
Occupancy
89%
Year Built
1996
About this property
Excellent opportunity to own an industrial-zoned property featuring approximately 0.54 acres of land at the Rainbow Lake Airport! The property is improved with an approximately 1,200 sq. ft. hangar building, complemented by a gravel parking area and concrete apron. Offering a functional layout and versatile potential, this property is well suited for a variety of industrial, aviation-related, or commercial uses, subject to municipal approvals. A great opportunity for owner-users or investors seeking an industrial property with existing hangar improvements. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$393
Projected NOI
$5K
Annual cash flow
$404
Cash-on-cash
1.59%
DSCR
1.09
Going-in cap
6.02%
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 |
|---|---|---|
| Northbridge Logistics | 501 SF | 2034-09 |
| Northbridge Logistics | 400 SF | 2034-09 |
| Northbridge Logistics | 400 SF | 2034-09 |
Area demographics
Trade area within 3 miles of the property.
Population
91,978
Households
35,506
Median income
$73,500
Median age
37.6
Daytime population
109,981
5-yr growth
9.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 61 Imperial Drive, Rainbow Lake.
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.