Avondale
FOR SALE
$3,200,000
PURCHASE PRICE
11402 100 Street , Grande Prairie · T8V 2N5
RETAIL · BUILT 2004
MLS A2345605 · 0 DAYS ON MARKET
Interested in this commercial property?
JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.
RE/MAX Complete Realty · Calgary
ABOUT THIS PROPERTY
Aurora Plaza presents an opportunity to acquire a 26,888 SF multi-tenant retail and office investment property located at 11402-11408 100 Street in Grande Prairie, Alberta. The property is strategically positioned along one of the city's primary commercial corridors, benefiting from excellent exposure to over 42,000 vehicles per day and strong surrounding retail amenities. Currently 87% occupied, the asset generates a current NOI of approximately $234,605 and is offered at $3,200,000, representing an 8.19% cap rate. The tenant mix includes retail, office, restaurant, financial, and professional service users, with several long-term leases extending through 2035. Investors also benefit from value-add potential through the lease-up of approximately 3,188 SF of vacant space and future rental growth opportunities.
DETAILS
TRANSACTION
- TRANSACTION
- For Sale
- LEASE PERIOD
- Annually
- LEASE MEASURE
- Square Feet
BUILDING
- TYPE
- Retail
- YEAR BUILT
- 2004
COMMUNITY
- COMMUNITY
- Avondale
- ZONING
- CA-Arterial Commercial Di
- POSTAL CODE
- T8V 2N5
UTILITIES & COSTS
- ANNUAL TAXES
- $72,682