For Sale · Office

200, 14 Crystalridge Drive, Okotoks

200, 14 Crystalridge Drive, Okotoks, AB T1S2C3

$599,900 total

1,639.15 SF

Asset Class

Office

Size

1,639.15 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

$366

Occupancy

94%

Year Built

2007

About this property

Excellent opportunity for investors or business owners to own their own commercial premises! This versatile second-floor unit offers tremendous potential for a variety of business uses and was previously configured for two separate tenants, making it possible to divide the space again. Use one side for your own business and lease the other side for additional income, or create the ideal layout for your growing business.The space is currently being used as a spa and salon. Please note that all existing salon and spa fixtures belong to the tenant and will be removed. The unit offers an abundance of natural light, its own heating and cooling controls, modern paint colours, and attractive flooring throughout.The current layout features a reception area with kitchen space, a washroom with tiled flooring, and potential for a second washroom, with that space currently being used as laundry. A large room with expansive windows provides an excellent open workspace, currently utilized for hairdressing stations. There are also three private rooms plus an additional area that would make an ideal shared workspace, meeting area, or collaborative space.Additional storage and convenient access to the rear staircase add to the functionality of the unit. The well-maintained building offers plenty of parking for customers and clients, making this an attractive option for a wide range of businesses.With its flexible layout, excellent natural light, ample parking, and potential to accommodate multiple tenants or your own business, this is a fantastic opportunity to own your commercial space and build equity while creating future income potential. Fabulous location and endless possibilities! View the 3D tour to explore the space. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$33K

Annual cash flow

$103

Cash-on-cash

0.06%

DSCR

1.00

Going-in cap

5.56%

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
Meridian Health Group740 SF2028-10
Meridian Health Group400 SF2028-10
Meridian Health Group410 SF2028-10

Area demographics

Trade area within 3 miles of the property.

Population

137,576

Households

51,258

Median income

$113,500

Median age

33.9

Daytime population

223,566

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 200, 14 Crystalridge Drive, Okotoks.

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.