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$2,700,000

9620 112 Street, Grande Prairie, AB, T8V 5N5

MLS® # A2193954

23408.00 FEETSQ sqft

Property Information:

Investment opportunity with near 10% CAP rate with great long term tenants. This property has 2 buildings on the property with Triple "A" tenants, located in a high traffic area. Building One has a 4 year lease in place and a new roof in 2024, 10,010 sq. ft., office mezzanine - 3,360 sq. ft. and parts mezzanine 1,787 sq. ft. for a total of 15,157 sq. ft., private fenced yard and 600 amp main service. This building is currently leased to one tenant occupying 4 spaces with 4 services which can easily be reverted for multiple tenants in the future. Building Two - 12,348 sq. ft. on main floor with 896 sq. ft. of mezzanine storage. Roof is metal, 200 amp electric service. 4 - 16 ft. x 14 ft. O.H. doors. paved front yard, and private graveled yard with chain link fencing. Building 2 is currently leased to one tenant but has 3 separate leasable spaces, with 3 services for future tenants if required. Both buildings of steel and concrete block construction. Both building are in very good condition and been well maintained with upgraded HVAC in both buildings. Excellent return with annual gross income of $373,920 per year.

Inclusions: N/A

Property Features:

  • Built in: 1978
  • Floor Space (approx): 23408.00 Square Feet
  • Lot Size: 90169.00 Square Feet
  • Roof: Metal
  • Zoning: IG

Courtesy of: Sutton Group Grande Prairie Professionals

Data provided by: Grande Prairie & Area Association of REALTORS® 10106 102 St., Grande Prairie, Alberta T8V 2V7
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 9620 112 Street, Grande Prairie, AB, T8V 5N5

Demographic Information of 9620 112 Street, Grande Prairie, AB, T8V 5N5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$110,000.00

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.78 %

High school certificate or equivalent

33.04 %

Apprenticeship trade certificate/diploma

8.04 %

College/non-university certificate

19.64 %

University certificate (below bachelor)

1.78 %

University Degree

10.72 %

Commuter

Travel To Work

By Car

75.36 %

By Public Transit

2.9 %

By Walking

20.29 %

By Bicycle

0.0 %

By Other Methods

1.45 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

72.3 %

Houses

27.7 %

Own Vs. Rent