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$ 1,988,000
Est. payment | /mo
11,214 SqFt
$ 1,988,000
Est. payment | /mo
11,214 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 11,214 sqft
Price per Sqft $177
Subdivision Central
MLS® Listing ID A2185608
Originating Board REALTORS® Association of South Central Alberta
Year Built 1979
Lot Size 0.603 Acres
Acres 26270.0
Property Sub-Type Freehold
Property Description
Prime Commercial Investment Opportunity in Brooks, Alberta with an 8%+ predicted cap rate for 2025.Located on a high visibility main commercial corridor with convenient access to Highway #1, this 7-unit commercial building offers an outstanding investment opportunity in the heart of Brooks. Boasting approximately 11,214 square feet of space, the property features an attractive brick façade and ample parking available, ensuring convenience for both tenants and customers.The building is home to a mix of well established commercial tenants with escalating leases, providing stable and growing rental income.Significant upgrades have been completed over the past few years, including: Renovations to most units within the last 8 years, new air conditioning systems in several units, exterior painting on the alley facing side, electrical enhancements, including a 400-amp main panel and individual sub-panels for each unit. The rooftop HVAC systems are In good working order. This property offers a strong return on investment and is a high performing, income producing asset with room for future growth. Don't miss out on this turnkey investment in Brooks thriving commercial market! Please do not disturb the tenants or enter businesses to view without previous arrangements through sellers agents. (id:24570)
Location
Province AB
Interior
Heating Other
Cooling See Remarks
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Community Realty
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Gabriela Humeniuk
Real Broker