9216-9240 34 Ave NW | Edmonton, AB T6E 5P2
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9216-9240 34 Ave NW
Edmonton, AB T6E 5P2
Plaza 34 Retail Condos | Receivership Sale · Retail Property For Sale
Executive Summary
On behalf of MNP Ltd., in its capacity as the Court Appointed
Receiver, Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or
the “Advisor”) is pleased to offer a 100% freehold interest in four
condominium units within Plaza 34, located at 9216 - 9222 34
Avenue NW, in Edmonton, Alberta, Canada (the “Property”, the
“Asset” or the “Offering”).
The Offering presents a user and/or investor with the opportunity
to acquire 6,183 SF of high-exposure retail space throughout four
condominium units in the heart of the densely populated 34th
Avenue sub-market. Currently, two units are leased to a liquor store
and pharmacy with a combined W.A.L.T. of 2.41 Years. The Receiver
has the authority to terminate these leases should a purchaser
request the units to be vacant on closing. One vacant unit is built
out as office while the end cap unit is stripped to base build-out
offering a turnkey opportunity and blank canvas for users.
The Property is being offered to the market as-is where-is on a
priced basis. Offers will be reviewed as they are received and
will be subject to Court approval. Please contact the Advisor for
further information.
Receiver, Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or
the “Advisor”) is pleased to offer a 100% freehold interest in four
condominium units within Plaza 34, located at 9216 - 9222 34
Avenue NW, in Edmonton, Alberta, Canada (the “Property”, the
“Asset” or the “Offering”).
The Offering presents a user and/or investor with the opportunity
to acquire 6,183 SF of high-exposure retail space throughout four
condominium units in the heart of the densely populated 34th
Avenue sub-market. Currently, two units are leased to a liquor store
and pharmacy with a combined W.A.L.T. of 2.41 Years. The Receiver
has the authority to terminate these leases should a purchaser
request the units to be vacant on closing. One vacant unit is built
out as office while the end cap unit is stripped to base build-out
offering a turnkey opportunity and blank canvas for users.
The Property is being offered to the market as-is where-is on a
priced basis. Offers will be reviewed as they are received and
will be subject to Court approval. Please contact the Advisor for
further information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
25,267 SF
Building Class
C
Year Built
1981
Price
£1,552,300
Price Per SF
£61
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Slab to Slab
10 ft
Building FAR
0.97
Lot Size
0.60 AC
Zoning
CSC
Parking
50 Spaces (0.98 Spaces per 1,000 SF Leased)
Frontage
248 ft on 34th Ave
Amenities
- Bus Route
- Signage
1 of 5
VIDEOS
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