For Lease · Specialty

106 Canal Garden, Strathmore

106 Canal Garden, Strathmore, AB T1P1Y4

$14 Yearly

5,000 SF

Asset Class

Specialty

Size

5,000 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$0

Occupancy

99%

Year Built

2027

Lot Size

0.8 ac

About this property

BUILD-TO-SUIT COMMERCIAL SPACE FOR LEASE | 2,000–13,200 SQ. FT.Create a space suited to your business with this proposed build-to-suit opportunity in Strathmore. Zoned CH WY – Highway Commercial, the vacant property offers flexible development possibilities, with proposed spaces beginning at 2,000 sq. ft. and a maximum proposed total building area of 13,200 sq. ft.Explore a standalone building or a configuration with multiple commercial units, including the potential for five individual 2,000 sq. ft. bays. Conceptual designs offer options for customer entrances, showroom areas, offices, open workspace and grade-level overhead doors, subject to the approved use and final design.Permitted uses include retail, professional offices, health services and limited contractor services. Materials associated with limited contractor services must be stored indoors. General contractor operations, automotive/equipment repair, self-storage and outdoor storage yards are discretionary uses requiring municipal approval.A fenced gravel storage yard may be considered subject to approval, screening and site requirements. Parking areas must be paved unless exempted by the Town. Final development must satisfy applicable setbacks, landscaping, parking, access and servicing requirements.Building configuration, lease rates, tenant improvements and occupancy timing will be determined through design and lease negotiations. All renderings are conceptual; construction, individual tenant uses and site improvements remain subject to required approvals and an acceptable lease agreement. (id:66811)

Financial sandbox

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Estimate
Purchase price$14
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

5.10%

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
Meridian Health Group4,930 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

50,883

Households

24,129

Median income

$105,000

Median age

33.4

Daytime population

81,153

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 106 Canal Garden, Strathmore.

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.