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Investment Property For Sale

Listing was updated on: 01/07/2020
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Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 40,000
Date Available 01/07/2020
Additional URL Link
Floors 2
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Description

Location
Located at the end of Hospital Street along Manning Avenue

Sale
This brand new 40,000 sqft building is an excellent investment property located in Fort McMurray. Ideal for a medical, dental, or professional use group to utilize the second floor area for their own business and to have stable income in place on the main floor.
This property presents the opportunity for an owner to occupy the upper floor at a cost less than $13/sqft when the income is factored, When acquired on strictly income basis with the owner not utilizing the second floor area the property will produce an Net Operating Income of $1,200,000
With current lease rates well below market there is a very positive upside upon lease renewal forecasted.
4 Office units and 3 retail units available for lease.



Lease
Retail units from 1100 sqft to 4,000 sqft.
Second floor office from 500-20,000 sqft.
Retail Lease rate $35/sqft
Office Lease Rate $30/sqft

Location

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