Courtesy of Wayne C Paradis of RE/MAX River City

102 9333 47 Street
Zone 42 Edmonton T6B 2R7

$1,140,000
Office

Main Photo: 102 9333 47 Street in Edmonton: Zone 42 Office for sale : MLS®# E4318765
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Status:
Active
Prop. Type:
Office
MLS® Num:
E4318765
Build. Type:
Condo Complex
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.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Office
Construction:
Concrete Block, Brick/Masonry
Building Type:
Condo Complex, Office Building
# Bldgs:
1
# Units:
0
Year built:
1979 (Age: 43)
Total Floor Area:
3,788 sq. ft.
Office Area:
3,788 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
IB
Plan:
9523118
Title to Land:
Freehold
LINC Number:
0026445503
HVAC:
Rooftop
Num. of Parcels:
1
Cap Rate %:
6.78
Net Operating Income:
$77,275
Entry date:
Oct 31, 2022
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Data was last updated December 8, 2022 at 10:30 PM (UTC)
WAYNE PARADIS
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.