For Sale · Retail

107, 9856 97 Avenue, Grande Prairie

107, 9856 97 Avenue, Grande Prairie, AB T8V7K2

$310,000 total

1,548 SF

Asset Class

Retail

Size

1,548 SF

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

$200

Occupancy

97%

Year Built

2000

Lot Size

0.028833792470156105 ac

About this property

Excellent opportunity in Station 2000! This well-designed commercial condo offers over 1,500 sq. ft. of versatile space over two levels, making it an excellent option for a growing business or an investor looking for a functional commercial property. The main floor features a bright showroom at the front, a large open work area at the rear, and a convenient 2-piece washroom. Upstairs, you’re welcomed into a spacious open area with a vaulted ceiling and kitchenette/coffee point, creating a flexible space that could work well as a common work area, classroom, training room or large meeting space. The second floor also includes two private offices. The larger office offers plenty of room for an executive office, team office or small boardroom, while the second provides a comfortable private workspace for one person. A separate storage/furnace room adds further practicality. With a great mix of showroom, open workspace and private office space, this unit offers plenty of flexibility for a wide range of businesses, with the potential to further customize the layout as your needs grow. (id:66811)

Financial sandbox

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Estimate
Purchase price$310K
Down payment30% · $93K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$17K

Annual cash flow

$280

Cash-on-cash

0.30%

DSCR

1.02

Going-in cap

5.63%

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 Group1,494 SF2034-08

Area demographics

Trade area within 3 miles of the property.

Population

108,284

Households

41,434

Median income

$114,000

Median age

37.2

Daytime population

109,775

5-yr growth

8.1%

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

Secure deal room

Confidential diligence documents for 107, 9856 97 Avenue, Grande Prairie.

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.