1/14155 North Service ROAD, Swift Current
155 North Service ROAD, Swift Current, SK S9H3S8
$689,000 total
17,000 SF
Asset Class
Hospitality
Size
17,000 SF
Building class
C
Zoning
CHY — Highway Corridor
$ / SF
$41
Occupancy
97%
Lot Size
2.28 ac
About this property
REVENUE Month to Month tenants - two separate buildings 36 room budget friendly motel situated on 2.28 acres highway #1 (Trans Canada Highway) with a management suite, 3 bedrooms, full kitchen, two washrooms and two car detached garage. There are 23 Single rooms, 8 Double rooms, 3 kitchenettes, and one two bedroom suite, a decommissioned pool. Consistent reliable income with 30 rooms rented month to month, many of the tenants being long terms tenants, there is a high demand for this type of rental property in the province. All tenants pay monthly with utilities included. In a separate building a Laundromat with commercial washers and dryers, plus a large storage building adjacent(Restaurant is not included in the sale). (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$52K
Annual cash flow
$14K
Cash-on-cash
6.60%
DSCR
1.36
Going-in cap
7.52%
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 |
|---|---|---|
| Lakeview Physiotherapy | 6,467 SF | 2032-02 |
| Lakeview Physiotherapy | 3,925 SF | 2032-02 |
| Lakeview Physiotherapy | 6,166 SF | 2032-02 |
Area demographics
Trade area within 3 miles of the property.
Population
89,543
Households
38,027
Median income
$62,500
Median age
35.1
Daytime population
123,212
5-yr growth
4.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 155 North Service ROAD, Swift Current.
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.