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For Lease · Specialty

122 B, 5301 43 Street, Red Deer

122 B, 5301 43 Street, Red Deer, AB T4N1C8

$14 Monthly

1,933 SF

Asset Class

Specialty

Size

1,933 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

91%

Year Built

1951

About this property

OLD BREW PLAZA ON TAYLOR DRIVE AND 43 STREET. Gorgeous 2nd Floor Office with7 large offices, a bathroom, large storage room which could be converted to kitchen. Excellent location on busy Taylor Drive and 43 Street. This is an excellent opportunity at this low rental rate! Close to Hospital and downtown. Excellent Location and Excellent Building with a ton of long term tenants! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$14
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

3.20%

DSCR

1.17

Going-in cap

6.50%

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)

TenantAreaExpiry
Cascade Foods Inc.902 SF2033-12
Cascade Foods Inc.439 SF2033-12
Cascade Foods Inc.422 SF2033-12

Area demographics

Trade area within 3 miles of the property.

Population

102,788

Households

40,575

Median income

$76,500

Median age

42.3

Daytime population

138,981

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 122 B, 5301 43 Street, Red Deer.

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.