10307 100th Ave 6,400 SF 100% Leased Retail Building Fort Saskatchewan, AB T8L 1Y9 £456,562 (£71.34/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great investment property
EXECUTIVE SUMMARY
Looking for a great commercial property with a great return. The main floor is currently leased to Legacy Jewelers, lease expiration June 2025, current rent is $4,400. which increases to $4,500 July 1, 2024. The second floor is currently leased out to the Fort Saskatchewan Wellness Hub for youth society for $2,800. per month. this lease ends January 31, 2026. The landlord currently pays for the utilities which $10,500. Roof was done 11 years ago, Boiler is 8 years old, all the heat exchangers and air-conditioning units are 2 years old. Potential investment or owner-user opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,400 SF
Building Class
C
Year Built
1980
Price
£456,562
Price Per SF
£71.34
Net Initial Yield
7%
NOI
£31,959
Percent Leased
100%
Number of Floors
2
Parking
8 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
43 ft on 100th Avenue
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
