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116-118 8 St S 8,775 SF 100% Leased Office Building Lethbridge, AB T1J 2J3 $591,007 USD ($67.35 USD/SF) 6.94% Cap Rate

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INVESTMENT HIGHLIGHTS

  • The subject property offers an excellent downtown location with convenient access from Stafford Drive, Highway 3, and 3rd Avenue South.
  • The property is nearby public transit.
  • Quality neighbouring businesses include Peak Physical Therapy, Chrome Salon + Spa, Wingate by Wyndham Hotel, etc.

EXECUTIVE SUMMARY

This two-story commercial building has a long-term main floor tenant and offers a great investment opportunity. A brand new intercom system for enhanced safety and access control has been installed. The projected net income is $100,000 with current expenses estimated at $25,000 per year. This property would be suitable for an owner-user because there is 4,824 SF available for lease on the second floor.

ATTACHMENTS

Sale Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
8,775 SF
Building Class
C
Year Built
2000
Price
$591,007 USD
Price Per SF
$67.35 USD
Cap Rate
6.94%
NOI
$41,040 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,802 SF
Building FAR
0.67
Lot Size
0.30 AC
Zoning
C-D - Downtown Commercial

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Fl-Ste 200
  • 1,302 SF
  • Office
  • Full Build-Out
  • 30 Days

This unit offers a flexible floor plan and features a spacious reception / waiting area and four offices. There are large windows along the East wall bringing in lots of natural light. Please contact the Associate to discuss this opportunity further.

  • 2nd Fl-Ste 202
  • 814 SF
  • Office
  • Full Build-Out
  • 30 Days

This unit includes a flexible floor plan and features a small reception / waiting area. There are three offices, one of which includes a simple kitchenette. There are large windows along the East wall bringing in lots of natural light. Please contact the Associate to discuss this opportunity further.

  • 2nd Fl-Ste 204
  • 414 SF
  • Office
  • Full Build-Out
  • 30 Days

This affordable unit offers a flexible footprint that would work as two offices or a single office with a reception / waiting area. There is a window along the North wall. Please contact the Associate to discuss this opportunity further.

  • 2nd Fl-Ste 208
  • 2,272 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

This large unit would be ideal for a medical user. The layout includes a large reception / waiting area with a built in desk, a mix of offices or treatment rooms, and a small lunchroom with a kitchenette. There are large windows along the West wall bringing in plenty of natural light

Space Size Space Use Condition Available
2nd Fl-Ste 200 1,302 SF Office Full Build-Out 30 Days
2nd Fl-Ste 202 814 SF Office Full Build-Out 30 Days
2nd Fl-Ste 204 414 SF Office Full Build-Out 30 Days
2nd Fl-Ste 208 2,272 SF Office/Medical Full Build-Out 30 Days

2nd Fl-Ste 200

Size
1,302 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 202

Size
814 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 204

Size
414 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 208

Size
2,272 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 200

Size 1,302 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

This unit offers a flexible floor plan and features a spacious reception / waiting area and four offices. There are large windows along the East wall bringing in lots of natural light. Please contact the Associate to discuss this opportunity further.

2nd Fl-Ste 202

Size 814 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

This unit includes a flexible floor plan and features a small reception / waiting area. There are three offices, one of which includes a simple kitchenette. There are large windows along the East wall bringing in lots of natural light. Please contact the Associate to discuss this opportunity further.

2nd Fl-Ste 204

Size 414 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

This affordable unit offers a flexible footprint that would work as two offices or a single office with a reception / waiting area. There is a window along the North wall. Please contact the Associate to discuss this opportunity further.

2nd Fl-Ste 208

Size 2,272 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

This large unit would be ideal for a medical user. The layout includes a large reception / waiting area with a built in desk, a mix of offices or treatment rooms, and a small lunchroom with a kitchenette. There are large windows along the West wall bringing in plenty of natural light

Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32017267

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 116-118 8 St S, Lethbridge, AB T1J 2J3

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