Business For Sale · Office

208, 10006 101 Avenue, Grande Prairie

208, 10006 101 Avenue, Grande Prairie, AB T8V0Y1

Price on request

4,160 SF

Asset Class

Office

Size

4,160 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

90%

Year Built

1981

About this property

Professional office space available for lease in the heart of downtown Grande Prairie in the 101 Executive Place - Schubert Building. Located on the second floor of this professionally managed building, the space offers elevator access, ample FREE parking, and an exceptional opportunity for medical, legal, accounting, administrative, wellness, creative, or other professional services seeking a central and highly accessible business location.The layout is thoughtfully designed to accommodate a variety of business operations, featuring a welcoming reception and foyer area, 10 private offices, spacious common work areas, a meeting room with kitchenette, washroom facilities, and additional storage space. Large windows throughout the unit provide abundant natural light, creating a bright and comfortable working environment for both staff and clients.This professionally managed downtown property offers excellent accessibility and exposure, surrounded by established businesses, restaurants, and amenities. The functional floor plan combined with the convenient central location makes this an ideal setting for businesses looking to establish or expand their professional presence in Grande Prairie.Base rent is $4,160/month, Triple net is $3,293.33/month. Total rent is $7,453.33/month + GST. Rent includes property management, all utilities, air conditioning, and access to fibre internet in the building (tenant is responsible for internet access). Check out the virtual tour! https://unbranded.visithome.ai/PSpFnTQQSk4iagZZ9HbAWz?mu=ft (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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
Vector Robotics1,174 SF2032-10
Vector Robotics803 SF2032-10
Vector Robotics562 SF2032-10
Vector Robotics1,217 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

66,982

Households

30,960

Median income

$108,500

Median age

33

Daytime population

76,534

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 208, 10006 101 Avenue, Grande Prairie.

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.