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$ 1,690,000
Est. payment | /mo
3,899 SqFt
$ 1,690,000
Est. payment | /mo
3,899 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3899
Square Footage 3,899 sqft
Price per Sqft $433
MLS® Listing ID 44802240
Year Built 2021
Lot Size 0.570 Acres
Acres 24829.2
Property Description
Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $84,187 in annual revenue, the income is scheduled to increase to $88,187starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.69 million (plus applicable GST), this represents a stabilized cap rate of approximately 5.27%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium Homes (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 20
Garage No
Private Pool No
Listed by RE/MAX Real Estate
Nearby Locations