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13,488 ft²
Office / Retail
$3,750,000
Sale



*Located in Downtown Edmonton, this renovated and fully tenanted multi tenant investment property is for sale for $3,750,000. *Featuring 4 tenants with over 13,488 SF of rentable square footage. *Staggered lease expiries, 2 tenants with rental upside in leases, and 2 long term tenants. *The building has new BOMA area certificates with sizes larger than signed leases, potential upside upon lease renewal. *Capital expenditures include: exterior facade renovation, partial roof resurfacing, new AC unit for basement tenant.


The Space
Asking Price$3,750,000
Available Space13,488 ft²
NegotiableYes
Net Operating Income$233610
Property UseInvestment property
Cap Rate6.22%

Air Conditioning
Improved
Parking

The Building - Investment: The Imperial Building

*The owner is receiving multiple streams of income including parking revenue, outdoor play area revenue and signage revenue*. (Contact associate for further details). *This investment property has a weighted lease expiry of 5.5 years, providing stable cash flow with additional security for investors.

Property TypeOffice / Retail
Floors2
Building Size13,488 ft²
Lot Size7,498 ft²
Cap Rate6.23%

Air Conditioning
Improved
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