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9804 104th St 9,850 sq ft 100% Let Office Property Fort Saskatchewan, AB T8L 2E6 £867,861 (£88.11/sq ft) 6.19% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully Leased Investment – 4 commercial units + 5 residential suites.
- Strong Returns – 6.6% cap rate, upgraded and turnkey condition.
- Downtown Fort Saskatchewan – High visibility with 18 parking stalls.
EXECUTIVE SUMMARY
This mixed use building is in incredible condition and a great investment property. Main floor commercial consists of 4 tenants while the upper level has 5 residential suites. The suite make up is Four 2 bedroom plus One 1 bedroom units. The owner has built a single car garage at the back of the property. The property is fully leased with great tenants. Excellent location in old down town Ft Saskatchewan plus plenty of parking. The upgrades and maintenance of this property structurally and mechanically have it presenting Like New ! Just completed, the building has now been outfitted with solar panels!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office / Residential
Property Size
9,850 sq ft
Costar Property Class
B
Year Built
1984
Price
£867,861
Price per sq ft
£88.11
Yield
6.19%
NOI
£53,697
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,925 sq ft
Plot ratio
0.75
Total Plot Size
0.30 ac
Use Class
CC-D - Core Commercial - Downtown
Parking
18 Spaces (1.83 Spaces per 1,000 sq ft Leased)
AMENITIES
- Natural Light
1 1
Walk Score®
Easily Walkable (84)
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9804 104th St
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