Business For Sale · Specialty

C1 Area 4, High Level

C1 Area 4, High Level, AB T0H1Z0

$430,000 total

5,850 SF

Asset Class

Specialty

Size

5,850 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$74

Occupancy

85%

Year Built

1996

About this property

Looking for the perfect space for your aircrafts at the airport? This well-built metal clad steel structured airplane hangar at the High Level Airport offers a 60 x 80 open space and a 25 x 42 ft former office space to either add storage or create your own lounge. Situated on leased land, the hangar features natural gas suspended forced Air Space Heaters and Radiant Tube Space heaters. The 20’ x 70’h Overhead Hangar Door, and 9’ x 8’h Wood Overhead Door , provides a parking area with an access driveway to the west plus a concrete access apron to the taxiway . This fully equipped hangar offers everything you need and more for your aircraft’s care and maintenance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$430K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$-2K

Cash-on-cash

-1.68%

DSCR

0.91

Going-in cap

5.04%

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
Prairie Coffee Roasters4,984 SF2028-03

Area demographics

Trade area within 3 miles of the property.

Population

95,524

Households

35,410

Median income

$86,000

Median age

43.7

Daytime population

85,837

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for C1 Area 4, High Level.

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.