For Sale · Office

Edmonton

Edmonton, AB T6W4S1

$620,000 total

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Asset Class

Office

Size

—

Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

92%

Year Built

2019

Lot Size

5 ac

About this property

This bright 1,746 sq. ft. second-floor space at Elite Centre Chappelle is available to buy or lease. It is ideal for an accounting, law, psychology, or counselling office looking for a quiet, private setting with elevator access, big windows, and an open layout ready to be built out to suit. The building is already home to a daycare, dental office, pharmacy, physiotherapy clinic, and medical office, and the plaza is anchored by Tim Hortons and Esso, bringing steady traffic all day. Located at 41 Avenue SW and Chappelle Way, minutes from Anthony Henday Drive, with immediate possession available. (id:66811)

Financial sandbox

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Estimate
Purchase price$620K
Down payment30% · $186K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$2K

Cash-on-cash

1.04%

DSCR

1.06

Going-in cap

5.85%

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.

Area demographics

Trade area within 3 miles of the property.

Population

95,185

Households

42,247

Median income

$114,500

Median age

32.7

Daytime population

103,353

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for Edmonton.

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.