For Lease · Specialty

SOUTH UNIT, 4804 51 Avenue, Innisfail

SOUTH UNIT, 4804 51 Avenue, Innisfail, AB T4G1M2

$1,600 Monthly

744 SF

Asset Class

Specialty

Size

744 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$2

Occupancy

94%

Year Built

1977

About this property

ALL IN FOR ONLY $1600,. PER MONTH plus G.S.T. INCLUDES ALL UTILITIES FOR THIS CENTRALLY LOCATED COMMERCIAL/OFFICE SPACE OF APPROX. 760 SQUARE FEET. Zoned RESIDENTIAL TRANSITION. IMMEDIATE POSSESSION. FRONT STREET PARKING PLUS SIDE YARD PARKING IS INCLUDED. THERE IS ALSO A REAR DOOR ACCESS TO A BACK DELIVERY WALKWAY. Consists of A MAIN OPEN AREA, A BACK STORAGE OFFICE/KITCHEN AREA, AND ANOTHER ROOM THAT YOU CAN DEMISE. INCLUDES a 2 piece WASHROOM. IMMEDIATE POSSESSION. BASIC RENT IS $ 1,300. PER MONTH, AND $300. IS THE ADDITIONAL RENT for utilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2K
Down payment30% · $480
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7

Projected NOI

$87

Annual cash flow

$-2

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics436 SF2033-08
Vector Robotics400 SF2033-08
Vector Robotics400 SF2033-08
Vector Robotics400 SF2033-08

Area demographics

Trade area within 3 miles of the property.

Population

67,818

Households

24,437

Median income

$122,000

Median age

34.3

Daytime population

72,263

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for SOUTH UNIT, 4804 51 Avenue, Innisfail.

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.