8520 106A Ave NW - Manufacturing FOR SALE


Edmonton, AB T5H 0S4
$3,360,000 CAD
587-416-0029
8520 106A Ave NW, Edmonton, AB for Sale
$3,360,000 CAD
Manufacturing - FOR SALE
1/10
null | 5% Cap Rate

8520 106A Ave NW
Edmonton, AB T5H 0S4


HIGHLIGHTS

  • Possible self storage facility, Redevelopment to Retail Store units.

OVERVIEW

Opportunity to build your business in a growing residential area with a Medium Industrial Zone. Approx 27000 sq ft of main floor space, with additional 10,080 Mezzanine with approx 2072 sq ft in basement. Developers have invested & City of Edmonton has cooperated by creating Muttart Xing NW road which now connects 106 A Ave to Stadium Road, very close proximity to Commonwealth Stadium. New Development builds with Rohit Stadium Yards, plus a New 32 Storey build right next to this building offering 366 Units. Potential Redevelopment of space creating parking on the East Side, and creating 25,516 sq ft of retail space, generating at 75% Occupancy $426,690 Base Rent creating a 7 Cap Valuation of $6,095,571 Building Valuation. See attached Proforma PDF of suggested redevelopment. Note: Application to City of Edmonton is required for redevelopment.

FOR SALE DETAILS

PRICE

$3,360,000 CAD

PRICE/SF

$124 CAD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.7

LAND SF

30,492

ZONING

IM

APN/PARCEL ID

3877404

ASK ABOUT THIS PROPERTY

Wesley HendersonColdwell Banker Mountain CentralMore Info
587-416-0029

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Wesley HendersonColdwell Banker Mountain CentralMore Info
587-416-0029

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