For Lease · Land

lot 2, 6426 50 Avenue, Drayton Valley

lot 2, 6426 50 Avenue, Drayton Valley, AB T7A0C1

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

94%

Lot Size

2 ac

About this property

2 ACRE lot of Rural Industrial land available for lease @ $2000 per month plus op expenses. This lot is fully fenced & engineered, compacted clay base structure with Geotextile fabric, & covered with significant gravel. Excellent exposure with easy access to HWY 22, Zoning is Rural Industrial. This 2 Acre parcel is fully fenced as well! There are two direct ingress/egress approaches onto service road on 50 Ave. *Lease rate of $2000 per month plus operating costs($170+/- per month)*. The seller is willing to proceed with a potential subdivision of the bare 2 acre parcel if that is preferred, the subdivision process would begin once interest in purchasing is established. (Selling price would be $375,000 plus GST for the 2+/- fenced acres assuming subdivision approval). With all town services at the property line this property provides a great opportunity to build on. Note:- taxes are approximate.Other Property Types: Commercial LandOwnership Interest: PrivateSite Services: See RemarksSeller Rights: NoAppointment Name: John DempsterAppointment Phone: 780-898-8887Lease Operating Costs Included: shared portion of taxes, taxes on this portion are estimated $2000.00 annually (approx $170 per month) as this 2 acres is currently part of the 4 acre parcel)Paragon Listing ID: E4414986 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

93,748

Households

40,197

Median income

$76,500

Median age

40.1

Daytime population

130,279

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for lot 2, 6426 50 Avenue, Drayton Valley.

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.