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4807 50th Ave 3,644 SF 100% Leased Office Building St Paul, AB T0A 3A3 $795,148 USD ($218.21 USD/SF) 5.91% Cap Rate
EXECUTIVE SUMMARY
FOR SALE | NEW 10 YEAR LEASE EXTENSION
Government Leased | Investment Property
NAI Commercial and Colliers present an opportunity to purchase a single-tenanted freestanding building leased to Service Canada with a long-term lease in place until May 2037. The building is meticulously maintained and enjoys direct exposure to 50 Avenue (Highway #29), a significant arterial road in the area. The property is conveniently surrounded by a wide range of amenities, including restaurants, personal services, and leisure/recreation options, all within walking distance.
Government Leased | Investment Property
NAI Commercial and Colliers present an opportunity to purchase a single-tenanted freestanding building leased to Service Canada with a long-term lease in place until May 2037. The building is meticulously maintained and enjoys direct exposure to 50 Avenue (Highway #29), a significant arterial road in the area. The property is conveniently surrounded by a wide range of amenities, including restaurants, personal services, and leisure/recreation options, all within walking distance.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,644 SF
Building Class
B
Year Built
2012
Price
$795,148 USD
Price Per SF
$218.21 USD
Cap Rate
5.91%
NOI
$46,986 USD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,644 SF
Building FAR
0.35
Lot Size
0.24 AC
Zoning
C1 - Central Commercial
Parking
6 Spaces (1.64 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (76)
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Company Not Provided
4807 50th Ave
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