1/219902 38 Avenue, Rural Grande Prairie No. 1, County of
9902 38 Avenue, Rural Grande Prairie No. 1, County of, AB T8V5N3
Price on request
4,550 SF
Asset Class
Industrial
Size
4,550 SF
Building class
B
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
96%
Year Built
2001
Lot Size
1 ac
Clear height
19 ft
Loading docks
3
About this property
Located just south of Grande Prairie in County Industrial Park, this 4,550 SF industrial facility is situated on a 1-acre fenced and graveled yard, offering excellent functionality at an affordable lease rate. The building features a 50' x 80' shop with three 50' bays, three 12'W x 14'H overhead doors, radiant heat, and a rooftop HVAC system providing air conditioning to the office area. The office component includes two large offices and a lunchroom. The spacious yard provides excellent access and turning room around both the front and rear of the building, making it ideal for equipment, fleet, and service operations. Base Rent: $8,500.00/month. Additional Rent: $2.50 PSF ($947.92/month), includes property taxes, building insurance, and water. Total Monthly Rent: $9,447.92 plus GST. An excellent opportunity for an industrial user requiring a functional shop and generous yard space for the size of the shop without the expense of a larger facility. Call your Commercial Realtor® today for more information or to arrange a private tour. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$84K
Annual cash flow
$775
Cash-on-cash
0.17%
DSCR
1.01
Going-in cap
5.59%
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 |
|---|---|---|
| Summit Trades Supply | 1,923 SF | 2032-10 |
| Summit Trades Supply | 1,084 SF | 2033-10 |
| Summit Trades Supply | 609 SF | 2033-10 |
| Summit Trades Supply | 771 SF | 2033-10 |
Area demographics
Trade area within 3 miles of the property.
Population
105,317
Households
36,359
Median income
$106,500
Median age
32.5
Daytime population
174,768
5-yr growth
4.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 9902 38 Avenue, Rural Grande Prairie No. 1, County of.
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.