Westmount Centre | 200 Southridge Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Westmount Centre 200 Southridge Dr
15,524 SF 100% Leased Retail Building Okotoks, AB $11,694,080 USD ($753 USD/SF)
Investment Highlights
- Key tenants include Kids & Company Day Care, OrangeTheory Fitness, Edward Jones, Anytime Fitness, Big Beaver Brewing
- Situated in the south-central retail node, which is home to major retailers such as Walmart, Sobeys, and Canadian Tire
- Frontage on Westland Rd and Westland St, a primary east-west residential arterial connector to Southridge Drive
- Diverse mix of needs-based and service-oriented tenancies with a particular focus on health and wellness
- Situated on a large 4.11 acre site directly across the street from Westmount Charter School and within 3 blocks of the Okotoks Regional Health Cen
Executive Summary
Westmount Centre is a neighbourhood retail centre situated on 4.11 acres in Okotoks, Alberta – a bedroom community situated a short 13-minute drive south of Calgary’s city limit.
Comprised of 50,825 SF, the Property is 89.5% leased to a diverse mix of needs-based and service-oriented tenancies with a particular focus on health and wellness. The Property offers the investor secure future cash flow with a weighted average lease term of 6.09 years and attractive rental growth due to contractual rental escalations.
The Property is being offered for sale at a reduced asking price of $16,850,000.
Comprised of 50,825 SF, the Property is 89.5% leased to a diverse mix of needs-based and service-oriented tenancies with a particular focus on health and wellness. The Property offers the investor secure future cash flow with a weighted average lease term of 6.09 years and attractive rental growth due to contractual rental escalations.
The Property is being offered for sale at a reduced asking price of $16,850,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,524 SF
Building Class
B
Year Built
2016
Price
$11,694,080 USD
Price Per SF
$753 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.09
Lot Size
4.11 AC
Zoning
C-Gate
Parking
207 Spaces (4.07 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
Learn More About Investing in Retail Properties
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Westmount Centre | 200 Southridge Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.