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Northgate Professional Building 12940-12946 97th St NW 10,836 SF 93% Leased Retail Building Edmonton, AB T5E 4C3 $1,755,492 USD ($162.01 USD/SF) 6.53% Cap Rate
Investment Highlights
- Prominent frontage along 97 Street NW, a major arterial corridor with high daily traffic counts.
- Close proximity to Edmonton’s downtown core and major transportation routes for optimal accessibility.
Executive Summary
REMAX Commercial Excel is pleased to present the exclusive sale of the Northgate Professional Building, a fully tenanted two-storey mixed-use asset positioned on Edmonton's 97 Street NW arterial corridor. The property delivers a stabilized rent toll anchored by an investment-grade pharmacy and medical clinic, complemented by a diversified mix of established retail and professional office tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,836 SF
Building Class
C
Year Built
1990
Price
$1,755,492 USD
Price Per SF
$162.01 USD
Cap Rate
6.53%
NOI
$114,644 USD
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.34 AC
Zoning
CSC - Shopping Centre Zone
Parking
10 Spaces (0.78 Spaces per 1,000 SF Leased)
Amenities
- Convenience Store
- Freeway Visibility
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Storefront retail/office space available for lease in a well-positioned property along 97th Street NW. Ideal for businesses seeking visibility and accessibility in a high-traffic corridor.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 778 SF | Office | - | Now |
2nd Floor
| Size |
| 778 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 778 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Storefront retail/office space available for lease in a well-positioned property along 97th Street NW. Ideal for businesses seeking visibility and accessibility in a high-traffic corridor.
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 19
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Northgate Professional Building | 12940-12946 97th St NW
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