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$ 3,200,000
Est. payment /mo
Active
11402 100 ST Grande Prairie, AB T8V 2N5
26,888 SqFt
UPDATED:
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 is a 26,888 SF multi-tenant retail and office investment property located on a high-exposure commercial corridor in Grande Prairie. Offered at $3,200,000,the property is 87% occupied and generates a current NOI of $265,198,reflecting an 8.29% cap rate,with additional upside through lease-up of vacant space
An even shorter version for tighter MLS character limits:
Aurora Plaza is a 26,888 SF multi-tenant retail and office investment property located on a high-exposure commercial corridor in Grande Prairie. Offered at $3,200,000,the property is 87% occupied and generates a current NOI of $265,198,reflecting an 8.29% cap rate,with additional upside through lease-up of vacant space
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.