For Sale · Industrial

347 Saskatchewan Ave, Spruce Grove

347 Saskatchewan Ave, Spruce Grove, AB T7X0G6

Price on request

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

83%

Year Built

2012

Lot Size

0 ac

Clear height

22 ft

Loading docks

7

About this property

- 3,346 sq.ft.± on 0.27 acre±- Zoned M1 (General Industrial District) which allows for a wide variety of uses- Ideal for equipment sales, fleet services, distribution, retail/industrial sales, or warehousing- Clean and modern office space- Large fenced, secure and dedicated yard- 3 offices, kitchen, and 2 washrooms in office; 1 washroom in warehouse (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

111,615

Households

50,601

Median income

$105,000

Median age

45.4

Daytime population

153,961

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 347 Saskatchewan Ave, Spruce Grove.

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.