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4730 50 St 5,150 sq ft 55% Let Retail Property Red Deer, AB T4N 1X2 £596,122 (£115.75/sq ft) 7.36% Net Initial Yield
INVESTMENT HIGHLIGHTS
- High traffic location
- 8 Off Street parking spots available in the rear of the building
- Six HVAC units recently updated
- Public day lot to the east for additional long term Parking, and plenty of short term street parking available
EXECUTIVE SUMMARY
This well-maintained commercial building offers an exceptional opportunity for investors or business owners.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
5,150 sq ft
Costar Property Class
B
Year Built
1954
Price
£596,122
Price per sq ft
£115.75
Yield
7.36%
NOI
£43,863
Occupancy Rate
55%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.68
Total Plot Size
0.17 ac
Use Class
C1 - Commercial District
Parking
31 Spaces (6.02 Spaces per 1,000 sq ft Leased)
Frontage
62 ft on 50 Street
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
Available immediately, also for sale!
| Space | Size | Space Use | Position | Available |
| B | 2,300 sq ft | Office / Retail | - | Now |
B
| Size |
| 2,300 sq ft |
| Space Use |
| Office / Retail |
| Position |
| - |
| Available |
| Now |
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
B
| Size | 2,300 sq ft |
| Space Use | Office / Retail |
| Position | - |
| Available | Now |
Available immediately, also for sale!
Walk Score®
Excellent pedestrian access (96)
NEARBY MAJOR RETAILERS
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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4730 50 St
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