$255,000
$275,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
9920 100 ST Wembley, AB T0H 3S0
Key Details
Sold Price $255,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A2107078
Sold Date 03/28/24
Originating Board Grande Prairie
Year Built 1981
Annual Tax Amount $2,128
Tax Year 2023
Property Description
AMAZING INVESTMENT OPPORTUNITY. Solid concrete block well maintained building in the heart of Wembley with Canada Post as the long term tenant. They have been there since building was first built. Just renewed for a five year term starting June 1, 2024 to May 31, 2029 at a lease rate of $29000/year gross + GST, and it has options to renew. Landlord costs were $2129 property taxes and $3084 insurance in 2023 which is over an 8% Cap Rate. Not much to do other than deposit the rent on from this strong tenant. The furnace was replaced over the years, building has wheel chair accessibility, and lots of parking at the rear. Take a serious look at this investment.
Location
Province AB
County Grande Prairie No. 1, County Of
Zoning C-1 - COM
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Tar/Gravel
Lot Frontage 30.0
Building
Foundation Poured Concrete
Structure Type Concrete
Others
Restrictions None Known
Tax ID 85000413
Ownership Private
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