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For Lease · Specialty

235 3 Street, Brooks

235 3 Street, Brooks, AB T1R0S3

Price on request

2,000 SF

Asset Class

Specialty

Size

2,000 SF

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

82%

Year Built

1972

About this property

A prime commercial space is available for lease, ideally situated just one block from the City of Brooks' central business district.Featuring approximately 2,000 square feet of open floor space, this versatile location can be tailored to your specific design preferences. It is suitable for a wide array of businesses, including a coffee shop or café featuring a south-facing 14' X 34' deck. The interior lounge area has an occupancy limit of 100 people, with capacity for an additional 30 people on the outside deck.Key features include: - Existing kitchenette and bathrooms - Full wheelchair accessibility - Ample parking for clients and staff - Owners open to discussing custom renovations to meet your business needs - Subject to City of Brooks approval for proposed business usePlease do not approach the staff or owners directly. Contact your real estate professional to book a showing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$66K

Annual cash flow

$-17K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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 Partners795 SF2028-02
Halcyon Wealth Partners412 SF2028-02
Halcyon Wealth Partners437 SF2028-01

Area demographics

Trade area within 3 miles of the property.

Population

96,367

Households

40,753

Median income

$102,500

Median age

44.9

Daytime population

139,974

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 235 3 Street, Brooks.

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.