10201 100 Av
3,200 SF 100% Leased Office Building Morinville, AB T8R 1P9 $322,219 USD ($101 USD/SF) 8% Cap Rate
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INVESTMENT HIGHLIGHTS
- Right on Main street in Morinville
- Building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating.
- Close to the Civic Center
EXECUTIVE SUMMARY
Attention investors !Right on Main street in Morinville close to the Civic Center . This two story mixed commercial/ residential building boasts over a 8 cap rate and could easily be bumped up to double digit returns with adjustments of leases. Built in 1910 , this building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating. Main floor offers over 2000 square feet of office retail, currently leased to a law firm. Bright open reception area with 2 offices in the back. The second floor offers a three bedroom unit with hardwood floors, and a one bedroom unit also updated. Great revenue property to add to your portfolio
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,200 SF
Building Class
B
Year Built
1910
Price
$322,219 USD
Price Per SF
$101 USD
Cap Rate
8%
NOI
$25,778 USD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,600 SF
Zoning
MU - Mixed Use
1 of 1
Walk Score®
Very Walkable (72)