Medicine Hat Retail Plazas 4 Retail Properties Offered at $12,556,253 in Medicine Hat, AB
INVESTMENT HIGHLIGHTS
- 70% Overall Occupancy.
- Heavy foot traffic.
- 60% Base Rent from Anchor Tenants.
EXECUTIVE SUMMARY
An exclusive portfolio investment opportunity comprised of 4 retail plazas in Medicine Hat, AB. SUMMARY OF THE PORTFOLIO:
4 Retail Plazas, 105,317 Total Rentable Area, 70% Overall Occupancy, 60% Base Rent from Anchor Tenants, 6.81% Overall Cap Rate on Existing NOI , 11.25% Overall Cap Rate on Potential NOI and can be acquired together or separately.
PLAZA DETAILS:
Carry Drive Plaza: $5.3M, 30,124 SF, Existing Cap Rate: 6.37%, Potential Cap Rate: 11.55%
Dunmore Plaza: $3.25M, 28,274 SF, Existing Cap Rate: 6.54%, Potential Cap Rate: 14.36%
Park Plaza: $5.3M, 35,479 SF, Existing Cap Rate: 7.08%, Potential Cap Rate: 10.42%
Scotia Plaza: $3.7M, 11,440 SF, Existing Cap Rate: 7.26%, Potential Cap Rate: 9.85%
4 Retail Plazas, 105,317 Total Rentable Area, 70% Overall Occupancy, 60% Base Rent from Anchor Tenants, 6.81% Overall Cap Rate on Existing NOI , 11.25% Overall Cap Rate on Potential NOI and can be acquired together or separately.
PLAZA DETAILS:
Carry Drive Plaza: $5.3M, 30,124 SF, Existing Cap Rate: 6.37%, Potential Cap Rate: 11.55%
Dunmore Plaza: $3.25M, 28,274 SF, Existing Cap Rate: 6.54%, Potential Cap Rate: 14.36%
Park Plaza: $5.3M, 35,479 SF, Existing Cap Rate: 7.08%, Potential Cap Rate: 10.42%
Scotia Plaza: $3.7M, 11,440 SF, Existing Cap Rate: 7.26%, Potential Cap Rate: 9.85%
PROPERTY FACTS
| Price | $12,556,253 USD |
| Price / SF | $154.65 USD / SF |
| Cap Rate | 11.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 81,193 SF |
| Total Land Area | 12.41 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Scotia Plaza
79 Carry Dr, Medicine Hat, AB T1B 3M5 |
Retail | 11,440 SF | 1996 | - |
|
Park Plaza
3010-3084 Dunmore Rd SE, Medicine Hat, AB T1B 2X2 |
Retail | 35,479 SF | 1981 | - |
| 3215 Dunmore Rd SE, Medicine Hat, AB T1B 3R2 | Retail | 6,000 SF | 1980 | - |
|
Dunmore Plaza
3158-3202 Dunmore Rd, Medicine Hat, AB T1B 2X2 |
Retail | 28,274 SF | 1989 | - |
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