This property is listed by RE/MAX River City.
Data was last updated 2025-01-15 at 15:10:51 GMT
$1,140,000

9333 47 Street   Edmonton, Alberta

MLS®: E4318765
URL:    
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.

Listing Information

Prop. Type:
Other
Status:
Active
City:
Edmonton
MLS® Number:
E4318765
Neighbourhood:
Eastgate Business Park
Area:
Edmonton
Province:
Alberta
Listing Price:
$1,140,000

General Information

Year Built:
1979

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Location


Anu Khullar
RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
Office: 780-439-7000
Fax: 866-293-5424
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.