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15355-15393 117th Ave NW
Edmonton, AB T5M 3X4 West

$453,958 USD

Manufacturing Condo For Sale  •  5,000 SF

Property Details

  • Property Type Manufacturing
  • Total Building Size 46,000 SF
  • Lot Size 0.53 AC
  • Building Class B
  • Year Built 1978
  • Cap Rate 10.82 %
  • Tenancy Multiple
  • Zoning IH
41 Transit Score
45 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Industrial 5,000 SF $453,958 USD
  • Unit Size: 5,000 SF
  • Condo Use: Industrial
  • Price: $453,958 USD
  • Sale Type: Investment
  • Price/SF: $90.79 USD
Description
Condo space is on the first and second floor with a combined size of 5,000SF.

Sale Notes
Prime industrial condo full leased fully tenanted with 6 tenants. First floor has 2500 sq feet divided by front half occupied for retail use $1250 sq feet, back half $1250 sq feet food processing facility, Upstairs features 5 private  offices all rented. Very low costs, easy to self manage. Rare deal with over 10% cap rate on gross rents.

Description

Prime industrial condo full leased fully tenanted with 6 tenants. First floor has 2500 sq feet divided by front half occupied for retail use $1250 sq feet, back half $1250 sq feet food processing facility, Upstairs features 5 private  offices all rented. Very low costs, easy to self manage. Rare deal with over 10% cap rate on gross rents. Fully Renovated in 2020 from top to bottom, new furnace, hot water tank, all units upgrades new lighting, new flooring, new bathrooms, fresh paint, new doors.$695,000 Generates 10% cap rate.

Highlights

Great Investment opportunity
corner condo unit

Financial Summary

Cap Rate: 10.82 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
1% Logistics, Denny Music school, Theo landscaping 5/23/2026
ci security 6/19/2025
DK Food Service 8/14/2026
Hyper Loop 6/30/2026
Klondike On-Line Auctions
Nelro Services LTD 8/31/2024
Olson Mechanical LTD
Oriental Academy 11/30/2028
Pro Solutions
Wade Engineering

Amenities

  • Bus Line
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Jean-Paul Noujaim 587-414-6410 Remedy Professional Realty
Jean-Paul Noujaim 587-414-6410 Remedy Professional Realty