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102 9333 47 Street in Edmonton: Zone 42 Office for sale : MLS®# E4318765

102 9333 47 Street Edmonton T6B 2R7 : Zone 42

Main Photo: 102 9333 47 Street in Edmonton: Zone 42 Office for sale : MLS®# E4318765
$1,140,000
Prop. Type:
Office
MLS® Num:
E4318765
Status:
Active
Build. Type:
Condo Complex
Excellent Investment Opportunity! This 3788 SF main floor commercial office condo in southeast Edmonton is fully leased to a strong, reliable and reputable tenant, providing investors with a secure income stream. New 5 year escalating lease in place until December 2028 with tenant renewal option. High quality interior improvements. $77,275 in annual average net income over the 5 year term, providing a 6.78% cap rate. The 2 unit office condo is housed in a 2-storey, free standing building with just 4 units in total and encompasses the entire main floor. Built in 1979, the property offers and abundance of staff and customer parking, low maintenance exterior and has been well maintained. Tenant pays all operating costs including taxes, condo fees, landlord's insurance and a small management fee. Taxes represented are for both units. Condo fees are $1400/ month per unit.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Office
Construction:
Concrete Block, Brick/Masonry
Building Type:
Condo Complex, Office Building
# Bldgs:
1
# Units:
0
Year built:
1979 (Age: 43)
Total Floor Area:
Switch units of measure3,788 sq. ft.
Office Area:
Switch units of measure3,788 sq. ft.
Lot Area:
Switch units of measure0 sq. ft.
Land Use/Zoning:
IB
Plan:
9523118
Title to Land:
Freehold
LINC Number:
0026445503
HVAC:
Rooftop
Num. of Parcels:
1
Cap Rate %:
6.78
Net Operating Income:
$77,275
Entry date:
Oct 31, 2022
Data was last updated December 3, 2022 at 02:30 PM (UTC)
WAYNE PARADIS
Wayne Paradis -RE/MAX Realtor
Office:(780) 439-7000
Fax:(780) 439-7248
Toll Free:(800) 265-9518
Cell:780-953-9934
RE/MAX river city
100, 10328 - 81 Avenue NW
Edmonton, Alberta
T6E 1X2 Canada
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.