Business For Sale · Specialty

15825 100 Street, Rural Grande Prairie No. 1, County of

15825 100 Street, Rural Grande Prairie No. 1, County of, AB T8V7C3

$5.8M total

2,820 SF

Asset Class

Specialty

Size

2,820 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$2057

Occupancy

85%

Year Built

1995

Lot Size

10.82 ac

About this property

HIGH-VISIBILITY COMMERCIAL OPPORTUNITY WITH MULTIPLE REVENUE STREAMS! Positioned at the corner of Highway 43 and 100 Street, this 10.82-acre property INCLUDES THE HOME/OFFICE, RV STORAGE AND SELF STORAGE, offering exceptional exposure, a strategic location and significant potential for future development. Zoned RM-2 on the 2.48-acre SELF-STORAGE portion, the property is currently home to an established storage operation with four 1,600 sq. ft. concrete buildings containing 64 premium storage units, with room to add approximately 17 additional units. Each building offers 16 units, with concrete block construction, precast concrete roofs and floors, insulated overhead doors, and underground power and gas service. Three buildings are heated, while one is non-heated, and the sealed construction provides protection from weather, condensation and rodents. Security is a major feature, with 24/7 CCTV surveillance, perimeter monitoring, anti-intrusion alarms, flood lighting, six-foot chain-link fencing with barbed-wire tops, and reinforced 10-foot spiked rebar fencing along the east side. Electronic key-fob access provides customers with convenient access seven days a week, while on-site live-in management adds another level of security and oversight. The fully fenced and gravelled yard is designed to accommodate efficient storage operations and offers excellent access from 100th Street and Highway 43. The property also includes a substantial RV STORAGE operation, with the north portion accommodating approximately 250 RV storage spaces and room for a variety of recreational and commercial vehicles, including RVs, boats, trailers, cars, trucks, buses and sea cans. Controlled access and electronic surveillance provide added security for customers. At the centre of the property is a beautiful CUSTOM-BUILT 1.5-storey RESIDENCE and OFFICE featuring approximately 2,820 sq. ft. of combined living and office space, 3 bedrooms and 3 baths. The complete package offers an established income-producing operation today while retaining considerable potential for tomorrow. The larger site allows for a multitude of potential commercial uses, including convenience and gas bar development, making this one of the most prominent commercial opportunities in the Grande Prairie area. The property further benefits from approximately 1,950 feet of direct rail-line frontage along the east perimeter, creating another valuable consideration for future development or commercial use. The 2.48-acre self-storage component may also be subdivided and sold separately, subject to County subdivision approval, providing flexibility for investors and purchasers with different objectives. (See MLS A2341677) Contact your Commercial REALTOR® today to explore the possibilities! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$5.80M
Down payment30% · $1.74M
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$27K

Projected NOI

$314K

Annual cash flow

$-7K

Cash-on-cash

-0.41%

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
Meridian Health Group2,389 SF2032-08

Area demographics

Trade area within 3 miles of the property.

Population

83,072

Households

37,645

Median income

$130,500

Median age

37.6

Daytime population

90,870

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 15825 100 Street, Rural Grande Prairie No. 1, County of.

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.