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- LoopNet Team
9333 47th St NW
Edmonton, AB T6B 2R7
Office Property For Sale
Executive Summary
Excellent Investment Opportunity! This 3788 SF main floor commercial office condo in southeast Edmonton is fully leased to a strong, reliable and reputable tenant, providing investors with a secure income stream. New 5 year escalating lease in place until December 2028 with tenant renewal option. High quality interior improvements. $77,275 in annual average net income over the 5 year term, providing a 6.78% cap rate. The 2 unit office condo is housed in a 2-storey, free standing building with just 4 units in total and encompasses the entire main floor. Built in 1979, the property offers and abundance of staff and customer parking, low maintenance exterior and has been well maintained. Tenant pays all operating costs including taxes, condo fees, landlord's insurance and a small management fee. Taxes represented are for both units. Condo fees are $1400/ month per unit.
PROPERTY FACTS
| Property Type | Office | Number of Floors | 2 |
| Building Class | B | Year Built/Renovated | 1979/2008 |
| Lot Size | 0.78 AC | Tenancy | Single |
| Rentable Building Area | 3,788 SF | Parking Ratio | 11.88/1,000 SF |
| Property Type | Office |
| Building Class | B |
| Lot Size | 0.78 AC |
| Rentable Building Area | 3,788 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1979/2008 |
| Tenancy | Single |
| Parking Ratio | 11.88/1,000 SF |
Amenities
- Bus Route
- Signage
zoning
| Zoning Code | IB (Industrial Business District) |
| IB (Industrial Business District) |
