10852 97th St NW - Storefront Retail/Residential FOR SALE


Edmonton, AB T5H 2M5- Central
$1,100,000 CAD
587-855-0051
10852 97th St NW, Edmonton, AB for Sale
$1,100,000 CAD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

10852 97th St NW
Edmonton, AB T5H 2M5
Central


HIGHLIGHTS

  • Transit accessible by bus and the Royal Alex LRT Station
  • Excellent access to major arterials including 97 Street, Kingsway Road, 111 Avenue, 101 Street and 107 Avenue

OVERVIEW

Leaseback sale opportunity. The main floor tenant will sign a new 15-year lease with the new owner at market rent with an escalation over the term. The tenant has 15 years in business, and 4 years in business in this location. The second floor is vacant allowing owner-users to occupy a portion of the space. This space is ideal for law firms, accounting firms, bookkeeping, various professionals, and immigration practices. The second floor can be leased separately. Asking price is $135/sqft, a blended $12 net rental rate on the building supports a 8.8% cap rate. Current income on the property is just above a 5% cap rate with half of the building being vacant.

FOR SALE DETAILS

PRICE

$1,100,000 CAD

PRICE/SF

$135 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,895 SF

ZONING

MU

APN/PARCEL ID

3622008

ASK ABOUT THIS PROPERTY

Tom DeanLizotte & Associates Real Estate Inc.More Info
587-855-0051

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Tom DeanLizotte & Associates Real Estate Inc.More Info
587-855-0051

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.