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For Lease · Specialty

1411 20 Avenue, Coaldale

1411 20 Avenue, Coaldale, AB T1M1A2

$4,000 Monthly

4,000 SF

Asset Class

Specialty

Size

4,000 SF

Building class

Zoning

US — Urban Services

$ / SF

Occupancy

88%

Year Built

1979

About this property

Have you been thinking of starting or expanding your business in Coaldale, Alberta? Take a closer look at this Commercial Property on 20th Avenue, the Main Street, in Coaldale, for businesses. Coaldale is a growing community with plenty of room for more businesses, almost all amenities and that sought after “small town feel”. This building is currently setup as an auto repair shop with 4 bays. Each bay is equipped with an air line and vehicle exhaust vent. The building also has an office, a staff room, and 2 washrooms, one for customers and one for staff. There is also a large storage room or office which houses the furnace and hot water tank. The office/retail space and shop could suit a variety of business opportunities. Including Auto Sales, Auto Service, Motorcycle Service and or Sales, Retail, Office, Business Support Services, Pet Care Services, Medical Services. Come and explore the possibilities for your business today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$4K

Down payment30% · $1K

Interest rate6.25%

Amortization25 years

Occupancy88%

Expense growth2.5%

Monthly debt service

$18

Projected NOI

$196

Annual cash flow

$-25

Cash-on-cash

-2.12%

DSCR

0.89

Going-in cap

4.91%

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	Suite	Area	Rent / SF	Expiry
Vector Robotics	480	1,103 SF	$34.88	2029-02
Vector Robotics	480	754 SF	$34.76	2029-02
Vector Robotics	470	528 SF	$35.12	2029-02
Vector Robotics	470	1,143 SF	$35.00	2029-02

Area demographics

Trade area within 3 miles of the property.

Population

73,762

Households

34,408

Median income

$109,500

Median age

32.2

Daytime population

85,357

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 1411 20 Avenue, Coaldale.

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.