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$ 3,200,000
Est. payment | /mo
26,888 SqFt
$ 3,200,000
Est. payment | /mo
26,888 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 26,888 sqft
Price per Sqft $119
Subdivision Avondale
MLS Listing ID A2345605
Year Built 2004
Property Sub-Type Retail
Property Description
Aurora Plaza presents an opportunity to acquire a 26,888 SF multi-tenant retail and office investment property located at 11402-11408 100 Street in Grande Prairie,Alberta. The property is strategically positioned along one of the city's primary commercial corridors,benefiting from excellent exposure to over 42,000 vehicles per day and strong surrounding retail amenities. Currently 87% occupied,the asset generates a current NOI of approximately $234,605 and is offered at $3,200,000,representing an 8.19% cap rate. The tenant mix includes retail,office,restaurant,financial,and professional service users,with several long-term leases extending through 2035. Investors also benefit from value-add potential through the lease-up of approximately 3,188 SF of vacant space and future rental growth opportunities.
Location
Province AB
County 0132
Zoning CA-Arterial Commercial Di
Interior
Inclusions Contact Lister
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions Call Lister
Listed by Alliance West Asset and Property Management Ltd.