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Unkwn Floor - Unit 550
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Retail
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987 SF
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$384,711 USD
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Unit Size: 987 SF
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Condo Use: Retail
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Price: $384,711 USD
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Sale Type: Investment
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Price/SF: $389.78 USD
Description
6.00% capitalization rate based on in-place net operating income
Fully leased with consistent rental performance
Condominium ownership – limited landlord responsibilities
Strong tenant profile suitable for neighborhood retail / service use
Ample surface parking and easy access for customers
Attractive entry price compared to replacement cost
Clean title, simple structure, and straightforward underwriting
PROPERTY DETAILS
Unit Type: Commercial Retail / Service Condo
Location: Aspen Plaza, Alberta
Condition: Well maintained
Use : Tenant Operating as Indo-Chinese Restaurant in Place Since 2018
IDEAL FOR
Passive commercial investors seeking predictable income
Investors looking for a long-term hold with inflation protection
Owner-operators wanting income with future flexibility
VALUE & UPSIDE
Strong long-term demand for neighborhood service retail
Potential for future rental upside on renewal
Condominium structure caps unexpected capital exposure
Easy resale due to bite-size price point and clean cap rate
SALE TERMS
Listed by Owner
Serious inquiries only
Further Information available upon Request
Sale Notes
Current Net Rent: $2,632 per month
Annual Net Operating Income (NOI):
$2,632 × 12 = $31,584
Cap Rate: 6.00%
Implied Value:
$31,584 ÷ 0.06 = $526,400
Lease Structure:
Property taxes and condominium fees fully recoverable from tenant on actuals (true net)
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Rui Yang
2123635 Alberta Ltd.
