For Sale · Specialty

1800 Pine Plaza, Grande Cache

1800 Pine Plaza, Grande Cache, AB T0E0Y0

$2.6M total

15,880 SF

Asset Class

Specialty

Size

15,880 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$164

Occupancy

95%

Year Built

1970

About this property

What an opportunity to own a Commercial building in a growing town of Grande Cache. This downtown Office / multi purpose building is available. This property can be The business you are looking for. Owner Operator, take note! This property boasts an ideal location in the heart of Grande Cache, with ample parking in front for clients and all occupied units. The building has been well-maintained and presents an excellent opportunity for an investor or owner/operator. It presently has some anchor tenants. There is a restaurant on the main floor, Real Estate Company, Cannabis Store, and up stairs there is already a Tattoo shop with Hair Salon, and 3 other spots currently rented as office space along with a contracting business. There is also unfinished space available upstairs for new tenants build to suit. Also on the lower level of this building is a large Room used for banquets, Dances and there is also rentable inside storage units. . Over the years the common areas have been updated and the exterior of the building is very attractive and has also been updated over the past 10 years. Additionally, an elevator could potentially be installed int this building as there is space to do so. . Don't miss out on this great opportunity, Call your Commercial Realtor© for more information or to book a showing today. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.60M
Down payment30% · $780K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$162K

Annual cash flow

$18K

Cash-on-cash

2.30%

DSCR

1.12

Going-in cap

6.23%

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
Summit Trades Supply7,268 SF2030-06
Summit Trades Supply7,866 SF2030-05

Area demographics

Trade area within 3 miles of the property.

Population

73,985

Households

28,644

Median income

$91,000

Median age

45.6

Daytime population

106,553

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 1800 Pine Plaza, Grande Cache.

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.