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10201 100 Av

3,200 SF 100% Leased Office Building Morinville, AB T8R 1P9 £251,083 (£78/SF) 8% Net Initial Yield

10201 100 Av, Morinville, AB T8R 1P9

INVESTMENT HIGHLIGHTS

  • Right on Main street in Morinville
  • Building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating.
  • Close to the Civic Center

EXECUTIVE SUMMARY

Attention investors !Right on Main street in Morinville close to the Civic Center . This two story mixed commercial/ residential building boasts over a 8 cap rate and could easily be bumped up to double digit returns with adjustments of leases. Built in 1910 , this building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating. Main floor offers over 2000 square feet of office retail, currently leased to a law firm. Bright open reception area with 2 offices in the back. The second floor offers a three bedroom unit with hardwood floors, and a one bedroom unit also updated. Great revenue property to add to your portfolio

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,200 SF
Building Class
B
Year Built
1910
Price
£251,083
Price Per SF
£78
Net Initial Yield
8%
NOI
£20,087
Percent Leased
100%
Number of Floors
2
Typical Floor Size
1,600 SF
Zoning
MU - Mixed Use
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Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(587) 409-8273

CONTACT

  • Listing ID: 34007928

  • Date on Market: 26/11/2024

  • Last Updated:

  • Address: 10201 100 Av, Morinville, AB T8R 1P9

The Office Property at 10201 100 Av, Morinville, AB T8R 1P9 is currently available for sale. Contact Maxwell Progressive for more information.

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10201 100 Av
(587) 409-8273 x

10201 100 Av

Tim Gartner

(587) 409-8273

(587) 409-8273

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