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Courtesy of RE/MAX River City.
Data was last updated 2025-01-07 at 02:16:37 GMT
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:
- Other
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4318765
- Neighbourhood:
- Eastgate Business Park
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $1,140,000
General Information
- Year Built:
- 1979
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This property is listed by RE/MAX River City and provided here courtesy of
Kyle Rossiter.
For more information or to schedule a viewing please contact Kyle Rossiter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.