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For Lease · Office

15 Main Street SW, Falher

15 Main Street SW, Falher, AB T0H1M0

Price on request

3,552.12 SF

Asset Class

Office

Size

3,552.12 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

84%

Year Built

1984

Lot Size

0.12741046831955924 ac

About this property

PRIME MAIN STREET COMMERCIAL SPACE FOR LEASE IN FALHER! Formerly home to the Bank of Montreal, this well-located commercial building offers approximately 3,550 sq. ft. of versatile space right on Main Street in Falher. Built in 1984, the property provides excellent visibility and a central location for a wide variety of businesses.Currently configured as professional office space, the building features three private offices, a large open bullpen/work area, multiple storage closets, a walk-in safe, two bathrooms, and a staff kitchen area. The existing layout is well suited for professional, financial, administrative, medical, or service-based businesses, while the open floor plan could also be easily retrofitted for retail, showroom, or other commercial uses.With its prominent Main Street location, functional layout, and flexible commercial space, this is an excellent opportunity for a business looking to establish or expand its presence in Falher.Lease Rate: $4,500/month Triple Net (NNN)Tenant is responsible for property taxes, insurance, utilities, and applicable operating costs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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
Blue Harbour Design1,139 SF2030-12
Blue Harbour Design1,845 SF2030-12

Area demographics

Trade area within 3 miles of the property.

Population

44,842

Households

20,607

Median income

$106,500

Median age

33.4

Daytime population

57,066

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 15 Main Street SW, Falher.

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.