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For Lease · Industrial

4505 2 Avenue, Edson

4505 2 Avenue, Edson, AB T7E1C1

$10,000 Monthly

8,481 SF

Asset Class

Industrial

Size

8,481 SF

Building class

B

Zoning

IM — Medium Industrial

$ / SF

$1

Occupancy

83%

Year Built

1975

Lot Size

3.43 ac

Clear height

32 ft

Loading docks

7

About this property

3.43-ACRE INDUSTRIAL LEASING OPPORTUNITY with Hwy 16 exposure! Full-block property zoned BI-1 Business Industrial Minor, offering approximately 10,793 sq. ft. of lease space across five structures. Includes 5,001 sq. ft. office/workshop, 2,400 sq. ft. welding shop, 1,080 sq. ft. storage garage and two arch-rib storage tents totaling 2,312 sq. ft. Features include multiple offices and washrooms, open workshop areas, 17' shop heights, overhead doors, radiant heating, electricity in both tents, asphalt parking, packed gravel yard and chain-link fencing. Multiple access points from 2nd Avenue/Hwy 16, 45 Street and 46 Street. Ideal for a variety of industrial, contractor, fabrication, service or storage uses, subject to zoning and approvals. Contact REALTOR® for lease terms and further information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$10K
Down payment30% · $3K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$46

Projected NOI

$448

Annual cash flow

$-106

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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
Lakeview Physiotherapy4,824 SF2028-02
Lakeview Physiotherapy1,538 SF2028-02
Lakeview Physiotherapy488 SF2028-02
Lakeview Physiotherapy400 SF2028-02

Area demographics

Trade area within 3 miles of the property.

Population

144,622

Households

64,489

Median income

$106,500

Median age

46

Daytime population

142,581

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 4505 2 Avenue, Edson.

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.