Business For Sale · Specialty

C4 Lot 1 Block 1, High Level

C4 Lot 1 Block 1, High Level, AB T0H1Z0

$175,000 total

4,364 SF

Asset Class

Specialty

Size

4,364 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$40

Occupancy

97%

About this property

This hangar located at the High Level Airport provides the solution as to where to park and store your private aircraft or toys. The 4300 sq ft building with a 15’ x 12’h Sliding Door and 14’ x 16’h Insulated Overhead Door, which if needed the door could be replaced to house your aircraft. The ceiling height on the South side is 12 Feet and the North side 19 Feet, with the north side offering a metal liner and a 500 lb crane. Building is on leased land from the Town of High Level at a very nominal annual fee. Concrete flooring with overhead heat and direct access to airside of runway.Gravel Parking Area, Concrete Apron to Taxiway. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$175K
Down payment30% · $53K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$13K

Annual cash flow

$3K

Cash-on-cash

6.39%

DSCR

1.35

Going-in cap

7.46%

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 Group2,664 SF2028-03
Meridian Health Group1,587 SF2028-03

Area demographics

Trade area within 3 miles of the property.

Population

101,519

Households

36,243

Median income

$62,500

Median age

38.9

Daytime population

150,627

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for C4 Lot 1 Block 1, High Level.

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.