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Courtesy of Wayne Paradis of RE/MAX River City.
Data was last updated 2022-12-04 at 22:52:39 GMT
$1,140,000

# 102 9333 47 ST NW   Edmonton, AB

MLS®: E4318765
URL:    
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.
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.

Listing Information

Prop. Type:
Office
Status:
Active
City:
Edmonton
MLS® Number:
E4318765
Neighbourhood:
Eastgate Business Park
Area:
Edmonton
Province:
AB
Listing Price:
$1,140,000

General Information

Year Built:
1979
Zoning/Land Use Code:
For Sale
Region:
Edmonton

Additional Information

Plan:
9523118
Legal Block:
unit
Legal Lot/Unit:
1 & 2

Other Information

Land Size Hectares:
0
Zoning/Land Use:
IB
Building Type:
Condo Complex, Office Building

VIP-Only Information

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This property is listed by Wayne Paradis of RE/MAX River City and provided here courtesy of John Carter. For more information or to schedule a viewing please contact John Carter.
John Carter
RE/MAX River City (Commercial Division)
Phone: 1-877-417-2626
Inquire Via Email
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.