27,746 ft²Retail$8,750,000Sale
27,746 ft²
Retail
$8,750,000
Sale
Chuck Clubine
Lizotte and Associates
Download Brochures
• 7.1% Cap Rate and 92% Leased • Established retail plaza in high profile location • Well maintained buildings with one owner in its history • Three buildings on site with further development potential • Potential for owner to vacate approx. 8,000 Sq.Ft for owner-occupier • Owner/User or Leaseback opportunity • Twelve long term tenants in place
The Space
Asking Price$8,750,000
Available Space27,746 ft²
Property UseInvestment property
Parking Spaces122
SourceDirect
Parking
Transit Friendly
The Building
Address: 11 Athabascan Avenue, Sherwood Park, AB Site Size: 2.25 Acres Total Size: 27,746 Sq.Ft. Total in 3 Buildings Varese Building - 9,224 Sq.Ft. Daroca Building - 5,290 Sq.Ft. Aldeia Building - 13,232 Sq.Ft. Site Coverage: 27% Asking Price: $8,750,000 NOI: $620,000 On-Site Parking: 122 Stalls (Ratio of 4.4 per 1,000 Sq.Ft.) Traffic Counts: 21,000 VPD on Broadmoor Blvd 5,000 VPD on Athabascan Avenue Zoning: C5 - Service Commercial *Service Commercial has a FAR of 1.0*
Property TypeRetail
Lot Size2.25 AC
Up to $500K for Alberta businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.
