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For Sale · Specialty

11020 89 Avenue, Grande Prairie

11020 89 Avenue, Grande Prairie, AB T8V4W4

$2.3M total

19,310 SF

Asset Class

Specialty

Size

19,310 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$119

Occupancy

99%

Year Built

1977

About this property

Prime Multi-Tenant Commercial Investment Opportunity! Great opportunity to acquire a well-positioned, fully leased multi-tenant commercial property in Grande Prairie’s Richmond Industrial Park. Situated on an expansive 1.9-acre lot, this property features over 19,000 sq.ft as a 10-bay multi-unit shop at approximately 1649 sq. ft. per bay with 14' overhead doors, bathroom and some bays feature flex mezzanine space. Four of the bays (2 on each end) include an additional 705 sq. ft. of well-appointed office space, providing flexible functionality for a variety of commercial and industrial tenants. The property is fully leased, with all tenants currently on month-to-month leases, offering an established income stream along with flexibility for future ownership and leasing strategies. An excellent opportunity to add a versatile, income-generating commercial property to your portfolio in one of Grande Prairie’s established industrial areas. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$163K

Annual cash flow

$35K

Cash-on-cash

5.09%

DSCR

1.28

Going-in cap

7.07%

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
Cascade Foods Inc.9,296 SF2032-09
Cascade Foods Inc.4,809 SF2032-09
Cascade Foods Inc.5,089 SF2032-09

Area demographics

Trade area within 3 miles of the property.

Population

82,878

Households

30,872

Median income

$108,500

Median age

34.1

Daytime population

135,494

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 11020 89 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.