Business For Sale · Specialty

1002 3 Avenue S, Lethbridge

1002 3 Avenue S, Lethbridge, AB T1J0J4

$1,500 total

828 SF

Asset Class

Specialty

Size

828 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$2

Occupancy

95%

Year Built

1920

About this property

Looking for office space in downtown Lethbridge? Here's your chance to lease a great 828 square foot basement suite! This lease comes with two parking spots and utilities included in rent. Within, you'll find a 2pc bathroom, one private office, and tons of space for your whole team. In this location, you're nice and close to all things downtown. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2K
Down payment30% · $450
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7

Projected NOI

$93

Annual cash flow

$10

Cash-on-cash

2.13%

DSCR

1.12

Going-in cap

6.18%

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 Physiotherapy400 SF2031-03
Lakeview Physiotherapy400 SF2031-03
Halcyon Wealth Partners400 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

54,614

Households

22,966

Median income

$106,500

Median age

35.7

Daytime population

50,770

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 1002 3 Avenue S, Lethbridge.

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.