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15355-15393 117th Ave NW - West Building 5,000 SF Industrial Condo Unit Offered at $431,741 in Edmonton, AB T5M 3X4
Investment Highlights
- Great Investment opportunity
- corner condo unit
Executive Summary
Prime industrial condo full leased fully tenanted with 6 tenants. First floor has 2500 sq feet divided by front half occupied for retail use $1250 sq feet, back half $1250 sq feet food processing facility, Upstairs features 5 private offices all rented. Very low costs, easy to self manage. Rare deal with over 10% cap rate on gross rents. Fully Renovated in 2020 from top to bottom, new furnace, hot water tank, all units upgrades new lighting, new flooring, new bathrooms, fresh paint, new doors.$595,000 Generates 10% cap rate.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 12 |
| Cap Rate | 11.36% |
| Sale Type | Investment |
| Cap Rate | 11.36% |
| No. Parking Spaces | 12 |
Description
Condo space is on the first and second floor with a combined size of 5,000SF.
Sale Notes
Prime industrial condo full leased fully tenanted with 6 tenants. First floor has 2500 sq feet divided by front half occupied for retail use $1250 sq feet, back half $1250 sq feet food processing facility, Upstairs features 5 private offices all rented. Very low costs, easy to self manage. Rare deal with over 10% cap rate on gross rents.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 5,000 SF | Industrial | $431,741 USD ($86.35 USD/SF) | $49,051.62 USD |
Unit 1
| Unit Size |
| 5,000 SF |
| Condo Use |
| Industrial |
| Price |
| $431,741 USD ($86.35 USD/SF) |
| NOI |
| $49,051.62 USD |
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Unit 1
| Unit Size | 5,000 SF |
| Condo Use | Industrial |
| Price | $431,741 USD ($86.35 USD/SF) |
| NOI | $49,051.62 USD |
| Sale Type | Investment |
| Cap Rate | 11.36% |
| No. Parking Spaces | 12 |
| Description | |
| Condo space is on the first and second floor with a combined size of 5,000SF.</li></ul> | |
| Sale Notes | |
| Prime industrial condo full leased fully tenanted with 6 tenants. First floor has 2500 sq feet divided by front half occupied for retail use $1250 sq feet, back half $1250 sq feet food processing facility, Upstairs features 5 private offices all rented. Very low costs, easy to self manage. Rare deal with over 10% cap rate on gross rents.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 46,000 SF | Typical Floor Size | 2,500 SF |
| Property Type | Industrial (Condo) | Year Built | 1978 |
| Property Subtype | Manufacturing | Lot Size | 0.53 AC |
| Building Class | B | Parking Ratio | 6/1,000 SF |
| Floors | 2 | ||
| Zoning | IH - IH - Heavy Industrial | ||
| Total Building Size | 46,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Manufacturing |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,500 SF |
| Year Built | 1978 |
| Lot Size | 0.53 AC |
| Parking Ratio | 6/1,000 SF |
| Zoning | IH - IH - Heavy Industrial |
Amenities
- Bus Line
- Signage
Utilities
- Lighting - Fluorescent
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Nelro Services LTD |
-
|
August 2024
|
| 1% Logistics, Denny Music school, Theo landscaping |
-
|
May 2026
|
| DK Food Service |
-
|
August 2026
|
| Hyper Loop |
-
|
June 2026
|
| Oriental Academy |
-
|
November 2028
|
| ci security |
-
|
June 2025
|
1 of 9
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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15355-15393 117th Ave NW - West Building
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