1/4310109 97 Avenue, Grande Prairie
10109 97 Avenue, Grande Prairie, AB T8V0N5
$10 Yearly
4,438 SF
Asset Class
Office
Size
4,438 SF
Building class
B
Zoning
CB2 — Central Business
$ / SF
$0
Occupancy
87%
Year Built
1980
Lot Size
0.7400058316818471 ac
About this property
City centre office space for lease. Great second floor space. Approximately 11 offices and lots of storage rooms, 2 washrooms and a staff room / lunchroom. Basic Rent is $10.00 PSF = $3,698.33 + $184.92 GST = $3,883.25. Additional Rent is $7.00 PSF (this includes utilities) = $2,588.83 + $129.44 GST = $2,718.27. Total Monthly Rent Payment is $6,601.52. LEASE INCENTIVE: On a minimum of a five year lease, the Landlord will offer to the Tenant every second month free basic rent, for the first two years of the lease term. (The Tenant will still be required to pay monthly additional rent). The lease rate shall escalate by 50 cents each year starting on the 3rd year. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$0
Projected NOI
$1
Annual cash flow
$0
Cash-on-cash
10.53%
DSCR
1.57
Going-in cap
8.70%
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 | Area | Expiry |
|---|---|---|
| Summit Trades Supply | 3,843 SF | 2029-12 |
Area demographics
Trade area within 3 miles of the property.
Population
115,890
Households
54,767
Median income
$72,500
Median age
44
Daytime population
162,063
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 10109 97 Avenue, Grande Prairie.
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.