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$ 515,000
Est. payment | /mo
6,133 SqFt
$ 515,000
Est. payment | /mo
6,133 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,133 sqft
Price per Sqft $83
MLS Listing ID T11997375
Building Age 51-99
Annual Tax Amount $9,163
Tax Year 2024
Property Sub-Type Investment
Property Description
This property presents a remarkable opportunity for investors, featuring a fully leased and well-maintained space occupied by a AAA tenant. With a double net rent of $31,000 per year and a long-term lease that extends until April 30th, 2027, along with options for multiple renewals, it stands as an appealing choice. The property's approx 6% CAP rate promises an excellent return and is strategically situated in a high-density area. Additionally, the lease agreement includes a base rent escalation. The Seller is highly motivated to sell and is excited to showcase this valuable opportunity, so be sure not to miss out!
Location
Province ON
County Cochrane
Area Cochrane
Zoning Commercial NA-R3, NA-CN
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Utilities Available Available
Building
Lot Description Lot
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