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$ 3,200,000
Est. payment | /mo
26,888 SqFt
$ 3,200,000
Est. payment | /mo
26,888 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 26,888 sqft
Price per Sqft $119
Subdivision Avondale
MLS Listing ID A2345605
Year Built 2004
Property Sub-Type Retail
Property Description
Aurora Plaza presents an opportunity to acquire a 26,888 SF multi-tenant retail and office investment property on Grande Prairie's primary commercial corridor. Offered at $3,200,000,the property is 87% occupied and generates a current NOI of $265,198,representing an 8.29% cap rate. The diversified tenant mix and long-term leases provide stable cash flow,with additional upside through the lease-up of approximately 3,188 SF of vacant space.
An even shorter version for tighter MLS character limits:
Aurora Plaza presents an exceptional investment opportunity on one of Grande Prairie's primary commercial corridors. This 26,888 SF multi-tenant retail and office property is offered at $3,200,000 and generates a current NOI of $265,198,representing an 8.29% cap rate. The reinforced concrete building,constructed in 2004,is 87% occupied with a diverse mix of retail,office,restaurant,financial,and professional service tenants. Long-term leases extending through 2035 provide stable cash flow,while approximately 3,188 SF of vacant space offers immediate upside through lease-up. The property features 46 paved parking stalls at the front and rear,excellent exposure along 100 Street,and strong surrounding commercial amenities. Grande Prairie's growing population,strong regional economy,and role as the service hub for Northwestern Alberta and Northeastern British Columbia support long-term demand for commercial real estate.
An even shorter version for tighter MLS character limits:
Aurora Plaza presents an exceptional investment opportunity on one of Grande Prairie's primary commercial corridors. This 26,888 SF multi-tenant retail and office property is offered at $3,200,000 and generates a current NOI of $265,198,representing an 8.29% cap rate. The reinforced concrete building,constructed in 2004,is 87% occupied with a diverse mix of retail,office,restaurant,financial,and professional service tenants. Long-term leases extending through 2035 provide stable cash flow,while approximately 3,188 SF of vacant space offers immediate upside through lease-up. The property features 46 paved parking stalls at the front and rear,excellent exposure along 100 Street,and strong surrounding commercial amenities. Grande Prairie's growing population,strong regional economy,and role as the service hub for Northwestern Alberta and Northeastern British Columbia support long-term demand for commercial real estate.
Location
Province AB
County 0132
Zoning CA-Arterial Commercial Di
Interior
Inclusions Contact Lister
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions Call Lister
Listed by Alliance West Asset and Property Management Ltd. O/A Alliance West
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