For Sale · Retail

Edmonton

Edmonton, AB T5E6Z7

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

90%

Lot Size

4.353124325068871 ac

About this property

The Jewel of Griesbach is a General Commercial-zoned medical, retail, and professional plaza in the heart of North Edmonton, anchored by Jewel Park, a landscaped waterfall and garden gathering space. Unit 5366 (2,395 SF) and Unit 5368 (1,960 SF) are available together or individually, for sale or lease. New multi-family development is bringing thousands of new residents right to this block:Established neighbours include Jewel Medical Clinic and Pharmacy, Prime Medical Clinic, Revive RN, Glenwood Radiology, Moventics Physiotherapy, and Mokha Coffee House. The property benefits from excellent exposure on Admiral Girouard Street and 137 Avenue (roughly 29,000 vehicles per day), plus ample on-site parking. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

81,443

Households

36,404

Median income

$72,500

Median age

41.5

Daytime population

106,646

5-yr growth

5.8%

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.