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Commercial Real Estate
For Sale
Office Buildings
Alberta
Edmonton
Office BuildingFor Sale At 11710 Kingsway NW NW In Edmonton, Alberta
Commercial Real Estate
For Sale
Office Buildings
Alberta
Edmonton
Office BuildingFor Sale At 11710 Kingsway NW NW In Edmonton, Alberta
4 Sale ID #243409
Updated 03 Jun 2024
- PHOTOS
- FLOORPLANS
- MAP
Asking Price
$3,375,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
RE/MAX Excellence Commercial Division Investment Team is pleased to present the ownership of a fully leased. multi-tenant office building. The 12,486 SF, two-storey building sits on 0.45 AC and is located along Kingsway with close proximity to Downtown Edmonton. Building Description: 2 storey freestanding office building with two main entrances (East and West) both leading to staircases to the 1st & 2nd floors, accessible ramp on the West entrance to the 1st floor. Major interior upgrading in 2013. Two large Engineered Air HVAC units of 486,000 BTU/hr output, installed in 2009 and located on the roof. Location: The Kingsway area in Edmonton is a prime location for commercial businesses. The area provides easy access to major roadways and is in close proximity to the Downtown core. The property is located near Kingsway Mall, the Northern Institute of Technology (NAIT), the Royal Alexandria Hospital, Transit Centres, and the Blatchford development. (id:39198)
- MLS®:#E4389538
- Date Listed:24 May 2024
Location
Province
Alberta
City
Edmonton
Address
11710 Kingsway Nw Nw
Postal Code
T5G0X5
Location Highlights
N/A
Listed by
RE/MAX Excellence Alberta listing
Category
office-buildings
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
12,486
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
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Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
FF & E Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$3,375,000
Asking Price
$3,375,000
Cap RateThe capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOINet Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
Cash Flow - annual1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
N/A
EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
12,486
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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