Retail Property for Sale

Courtesy of Lee Smithson of RE/MAX Real Estate

Property For Sale In North Business Park, Parkland

 Retail Property for Sale, MLS® # E4228809
  • MLS®#: E4228809
  • Price: $1,200,000
  • Status: Active
  • Year Built: 2008
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4800 sq.ft. +/- building consisting of 3 separately titled bays currently developed as one unit but separately serviced should you wish to divide by demising walls in future. Fully leased (triple net lease) to long term national tenant with lease expiring end of July 2023 (with tenant option to renew for further 5 years). Current cap rate is 5.8%; however lease rates increase August 1st of this year bringing cap rate to 6.1%.

Contact Elisse Moreno About MLS® E4228809

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Elisse Moreno, (780) 434-2323 at RE/MAX Real Estate, 102-4245 97 Street, Edmonton, Alberta, T6E 5Y7

property information

  • Property Type: Retail Property
  • MLS®#: E4228809
  • Year Built: 2008
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Community Information

  • Neighbourhood: North Business Park
  • City: Parkland
  • Postal Code: T7Z 1V6
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Disclaimer: Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated May 18, 2021, 8:50 pm.

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