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For Sale · Industrial

209, 2914 Kingsview Boulevard SE, Airdrie

209, 2914 Kingsview Boulevard SE, Airdrie, AB T4A0E1

$899,900 total

3,712 SF

Asset Class

Industrial

Size

3,712 SF

Building class

C

Zoning

IB — Industrial Business

$ / SF

$242

Occupancy

100%

Year Built

2007

Lot Size

0.04845732246729563 ac

Clear height

25 ft

Loading docks

7

About this property

Here is an exciting, rare opportunity to purchase this amazing 2-story commercial corner unit with its own elevator to maximize access for all your clients and staff. The space was previously one of Airdries beloved Italian family restaurants which also had a permitted second pizza restaurant. Pizza Oven included!! This property offers so many great opportunities under IB 1 zoning in both Permitted and Discretionary uses including Business Support Service, Data Centre, Financial Service, Health Care, LimitedIndoor Recreation, Limited, Microbrewery, Office, Public Assembly, General, Public Assembly Limited,Restaurant, Commercial School, Community Service Facility, Educational Institution, Private2Entertainment, Gaming, Entertainment, General, Government Service, Health Care, General and many more.The space is vacant and stripped of most of the previous improvements so it will be an easy transformation for your business needs. There are two store fronts for great access and just over 3700 sqft on 2 floors. Monthly condo fees $586.84 and property taxes $700.00 per mth Don’t wait, this one price to sell book your private viewing now! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$57K

Annual cash flow

$7K

Cash-on-cash

2.55%

DSCR

1.14

Going-in cap

6.31%

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
Halcyon Wealth Partners2,381 SF2031-03
Halcyon Wealth Partners853 SF2031-02
Halcyon Wealth Partners471 SF2031-02

Area demographics

Trade area within 3 miles of the property.

Population

77,892

Households

30,965

Median income

$69,500

Median age

39

Daytime population

111,595

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 209, 2914 Kingsview Boulevard SE, Airdrie.

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.