For Sale · Industrial

401 & 402, 2903 Kingsview Boulevard SE, Airdrie

401 & 402, 2903 Kingsview Boulevard SE, Airdrie, AB T4A0C4

$1.8M total

4,706 SF

Asset Class

Industrial

Size

4,706 SF

Building class

A

Zoning

IM — Medium Industrial

$ / SF

$372

Occupancy

87%

Year Built

2007

Lot Size

0.03434761765912337 ac

Clear height

28 ft

Loading docks

2

About this property

Here is an exciting opportunity to own 2 units side by side with over-the-top professional interior design elements and high-end quality finishings with amazing exposure facing onto Kingsview Blvd. This location is just North of the new 40th ave overpass offering great access to the QEII and plenty of daily traffic passing directly in front of the site. These units offer a combined 4706 square feet of Office and Warehouse space with flexible glass wall partitions which can be easily adjusted to suit your business needs and unique team requirements. The main floor offers approximately 1268 sqft of warehouse and 1728 sqft of foyer, meeting area, washrooms and several office spaces. The second floor offers approximately 1736 sqft of offices, meeting spaces, washrooms and flex spaces. The entire property is managed by a professional Access Control System offering industry leading security for your personnel and real time live video feed of all on site activity. Book your private viewing now to view this unique property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.75M
Down payment30% · $525K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$88K

Annual cash flow

$-9K

Cash-on-cash

-1.75%

DSCR

0.91

Going-in cap

5.02%

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
Vector Robotics1,435 SF2032-03
Vector Robotics2,673 SF2032-03

Area demographics

Trade area within 3 miles of the property.

Population

64,867

Households

22,442

Median income

$76,000

Median age

40.8

Daytime population

86,291

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 401 & 402, 2903 Kingsview Boulevard SE, Airdrie.

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.