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%