Property Details for MLS® # 44802240
Property for Sale
Property For Sale In Sturgeon
- MLS®#: 44802240
- Price: $1,800,000
- Year Built: 2021
Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $89,946.00 in annual revenue, the income is scheduled to increase to $92,691.00 starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.8 million (plus applicable GST), this represents a stabilized cap rate of approximately 4.99%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Pr
Contact Glen Good About MLS® 44802240
Glen Good, 780-939-1111 at RE/MAX Real Estate, 102-4245 97 Street, Edmonton, Alberta, T6E 5Y7
property information
- MLS®#: 44802240
- Year Built: 2021
Community Information
- City: Sturgeon
- Postal Code: T8R 1A2
