For Lease · Retail

Edmonton

Edmonton, AB T6V0M9

Price on request

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Asset Class

Retail

Size

—

Building class

C

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

87%

Year Built

2018

Lot Size

0.99 ac

About this property

For Lease: Private Offices in Icon PlazaLocated within Icon Plaza, a recently built professional and medical centre at the corner of Mark Messier Trail and 137 Avenue in Edmontons Northwest Crossing, this main-floor suite offers two private offices and a large office / boardroom, each finished to a high standard with new flooring, lighting and a shared barrier-free washroom on the floor. The space is accessed off a private interior corridor with a power-door operated entrance and is available individually or together, on a gross monthly basis with all utilities included. Icon Plaza is home to a mix of financial, dental and personal-care tenants, with ample on-site parking at the front and rear of the building. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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.

Area demographics

Trade area within 3 miles of the property.

Population

106,213

Households

42,540

Median income

$117,000

Median age

35.2

Daytime population

112,344

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for Edmonton.

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.