JN REAL ESTATE GROUP

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

LISTING COURTESY OF SHANE OLIN · ALLIANCE WEST ASSET AND PROPERTY MANAGEMENT LTD.

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.