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For Sale · Specialty

3203 50 Avenue, Olds

3203 50 Avenue, Olds, AB T4H1A5

$447,900 total

728 SF

Asset Class

Specialty

Size

728 SF

Building class

Zoning

DC2 — Site Specific

$ / SF

$615

Occupancy

84%

Year Built

1976

Lot Size

1.53 ac

About this property

Opportunity to own a versatile 1.53-acre Light Industrial zoned property offering a variety of potential uses and existing rental income. The property includes a 1976 mobile home with several upgrades, previously rented for $1,500/month, providing the option for rental income, staff accommodation, office use or other possibilities subject to municipal approval. Two additional storage sheds are also included. A second mobile home, not included in the sale, currently occupies a portion of the property and provides $460/month in lot rent, creating immediate income for the new owner. With ample land, flexible Light Industrial zoning and multiple potential revenue streams, this property offers an excellent opportunity for an investor, owner/operator or business looking for space to grow. Bring your business plans and explore the possibilities this unique property has to offer! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$448K

Down payment30% · $134K

Interest rate6.25%

Amortization25 years

Occupancy84%

Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$4K

Cash-on-cash

2.70%

DSCR

1.15

Going-in cap

6.35%

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)

Tenant	Suite	Area	Rent / SF	Expiry
Meridian Health Group	260	400 SF	$12.14	2033-04
Meridian Health Group	260	400 SF	$12.02	2033-04
Meridian Health Group	260	400 SF	$11.90	2032-04

Area demographics

Trade area within 3 miles of the property.

Population

85,719

Households

39,913

Median income

$106,000

Median age

33.4

Daytime population

99,509

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 3203 50 Avenue, Olds.

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.