1/7657 2 Street SE, Medicine Hat
657 2 Street SE, Medicine Hat, AB T1A0C8
Price on request
1,300 SF
Asset Class
Specialty
Size
1,300 SF
Building class
A
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
93%
Year Built
1910
About this property
Bring your business to downtown in this charming historic building offering approximately 1300 sq ft on the main floor. The layout provides a functional combination of open workspace and private areas, making it well suited for a variety of retail, professional office, service or small business uses. The main floor features a spacious rear room, front office with large window, reception area and additional storage space. The second floor is also available, if more space in needed. Lease rate is $1,000/month plus operating costs $800/month for total of $1,800/month plus utilities. (id:66811)
Financial sandbox
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Monthly debt service
$7K
Projected NOI
$80K
Annual cash flow
$-3K
Cash-on-cash
-0.69%
DSCR
0.96
Going-in cap
5.34%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Aurora Legal LLP | 626 SF | 2033-05 |
| Aurora Legal LLP | 588 SF | 2033-05 |
Area demographics
Trade area within 3 miles of the property.
Population
70,326
Households
32,420
Median income
$76,500
Median age
43
Daytime population
94,316
5-yr growth
9.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 657 2 Street SE, Medicine Hat.
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.