11812-11820 121 St NW - Office FOR SALE


Edmonton, AB T5L 5H5- North
$3,260,000 CAD
587-405-7618
11812-11820 121 St NW, Edmonton, AB for Sale
$3,260,000 CAD
Office - FOR SALE
1/27
null | Request Cap Rate

11812-11820 121 St NW
Edmonton, AB T5L 5H5
North


HIGHLIGHTS

  • 17,312 sq ft ± of retail/office/flex space on 1.59 acres ± of leased land in North-Central Edmonton
  • Income-producing asset with three tenants in place and a vacant suite ideal for owner-user daycare or business occupancy
  • Exposure to 28,944 vehicles per average weekday on 118 Ave and 17,172 vehicles per average weekday on 121 St (City of Edmonton, 2023)
  • Parking is outstanding (~72 stalls for the whole building)
  • Elevator, second floor rooftop patio and outdoor storage areas
  • Ideal for daycares, accounting firms, law firms, and medical offices

OVERVIEW

MUNICIPAL ADDRESS 11816 - 121 Street NW, Edmonton, AB LEGAL DESCRIPTION Plan: 9020277; Block: 6B; Lot; 1 ZONING CG (General Commercial) The City has expressed support for daycare use at this location NEIGHBOURHOOD Blatchford MAIN 8,843 sq ft ± SECOND 8,469 sq ft ± TOTAL 17,312 sq ft ± ROOFTOP PATIO OVER MAIN FLOOR 1,300 sq ft ± (not included in second) SHOP/WAREHOUSE 1,340 sq ft ± (included in main) SITE SIZE 1.59 acres ± OTHER FEATURES Elevator, rooftop patio, grade level OH door, next to green belt POWER 800 Amps (TBC) at 120/208 volts FENCED YARD AREA 2,800 sq ft ± of fenced storage, more possible on site (TBC) PARKING 72 stalls total for the entire building SIGNAGE Main floor on building SECURITY Alarm, camera, intercom and parking lights INTERNET Shaw Fibre (TBC) SALE PRICE $3,260,000.00 PROPERTY TAXES $86,560/ yr (TBC) LAND LEASE $5,320.00/mo (TBC) OWNERSHIP TYPE Leasehold Estate - This is a sale of the building and leasehold interest only—the buyer will own the improvements and assume the long-term land lease from the City of Edmonton, but not the land itself.

FOR SALE DETAILS

PRICE

$3,260,000 CAD

PRICE/SF

$172 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

CG

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas BraunRoyal Park RealtyMore Info
587-405-7618

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Thomas BraunRoyal Park RealtyMore Info
587-405-7618

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