For Sale · Industrial

195 Athabascan Avenue, Sherwood Park

195 Athabascan Avenue, Sherwood Park, AB T8A4C8

$519,900 total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

87%

Lot Size

0 ac

Clear height

36 ft

Loading docks

7

About this property

Recently renovated, exceptionally clean and ready for its next occupant, this versatile industrial bay offers a functional blend of office, warehouse and storage space. The main floor features a spacious reception area, 4 offices and a 2-piece bathroom. A 450 sq. ft. mezzanine provides additional space upstairs and is not included in the stated square footage. Designed for efficient day-to-day operations, the warehouse which is approximately 34 x 38 features a 12 overhead door and a rear man door. The adaptable layout makes this smaller bay well suited to a wide range of businesses. An adjoining 1,582 sq. ft. space is also available. (id:66811)

Financial sandbox

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Estimate
Purchase price$520K
Down payment30% · $156K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$27K

Annual cash flow

$-2K

Cash-on-cash

-1.37%

DSCR

0.93

Going-in cap

5.13%

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

59,886

Households

25,522

Median income

$130,500

Median age

38.4

Daytime population

61,612

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 195 Athabascan Avenue, Sherwood Park.

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.