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Price on request
—
Asset Class
Retail
Size
—
Building class
B
Zoning
CB1 — Low Intensity Business
$ / SF
—
Occupancy
86%
Year Built
2008
Lot Size
0 ac
An exceptional opportunity to lease a well-appointed, turnkey personal care studio in a prime St. Albert Trail location. This ±868 SF retail/service bay offers direct Trail exposure and the space, layout, and infrastructure to bring your business vision to life. Fully renovated in 2022 and previously operated as a licensed massage therapy clinic (and earlier as a tattoo and piercing studio), the space features a spacious reception with a wood-look counter and mosaic wall, multiple treatment rooms with plumbing and showers, a kitchenette, on-site laundry, and an accessible washroom. Ideal for tattoo artists, estheticians, lash and brow technicians, permanent makeup artists, massage therapists, or other personal care professionals looking to establish or expand their business. With existing improvements and a functional layout already in place, this space offers an excellent opportunity to get your business up and running without starting from scratch. Located on the main level of a residential condominium building in Inglewood with high daily traffic, a covered walkway, and on-site parking. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$71K
Annual cash flow
$-12K
Cash-on-cash
-2.69%
DSCR
0.85
Going-in cap
4.74%
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.
Trade area within 3 miles of the property.
Population
100,762
Households
42,504
Median income
$79,000
Median age
45.1
Daytime population
93,814
5-yr growth
8.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 60a, 585 St. Albert Trail, St. Albert.
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.