Medicine Hat Retail Plazas Retail FOR SALE


Medicine Hat, AB
$17,550,000 CAD
604-638-1999
, Medicine Hat, AB for Sale
$17,550,000 CAD
Retail - FOR SALE
1/1
null | 11.25% Cap Rate

Medicine Hat Retail Plazas
Medicine Hat, AB


HIGHLIGHTS

  • 70% Overall Occupancy.
  • 60% Base Rent from Anchor Tenants.
  • Heavy foot traffic.

OVERVIEW

An exclusive portfolio investment opportunity comprised of 4 retail plazas in Medicine Hat, AB. SUMMARY OF THE PORTFOLIO: 4 Retail Plazas, 105,317 Total Rentable Area, 70% Overall Occupancy, 60% Base Rent from Anchor Tenants, 6.81% Overall Cap Rate on Existing NOI , 11.25% Overall Cap Rate on Potential NOI and can be acquired together or separately. PLAZA DETAILS: Carry Drive Plaza: $5.3M, 30,124 SF, Existing Cap Rate: 6.37%, Potential Cap Rate: 11.55% Dunmore Plaza: $3.25M, 28,274 SF, Existing Cap Rate: 6.54%, Potential Cap Rate: 14.36% Park Plaza: $5.3M, 35,479 SF, Existing Cap Rate: 7.08%, Potential Cap Rate: 10.42% Scotia Plaza: $3.7M, 11,440 SF, Existing Cap Rate: 7.26%, Potential Cap Rate: 9.85%

ASK ABOUT THIS PROPERTY

Curtis LeonhardtMarcus & MillichapMore Info
604-638-1999

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

Curtis LeonhardtMarcus & MillichapMore Info
604-638-1999

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