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Courtesy of Derek Claffey, Ryan Brown of Nai Commercial Real Estate Inc.
Data was last updated 2024-05-18 at 04:14:19 GMT
7 & 9 St. Anne Street is an excellent opportunity for an owner/user looking to own and occupy a building with strong rental income from existing tenants or Investors looking to create value with renovation, lease-up or potential condominiumization of the property. This property is an attractive location just off St. Albert Trail in the downtown region and overlooks the Sturgeon River. The building is currently 61% occupied by Tenants with Net Leases in place. 39% of the building is available for owner/user occupancy or re-lease to new Tenant's. The current net income of $482,000.00 per annum in place (June 1, 2024), potential Proforma income of $764,812.00 per annum. There are medical/office vacancies with a variety of subdivision options including 8,213 Sq.Ft. +/- of nicely finished main floor space (availble June 1, 2024). There are 20 covered parking stalls and 102 surface parking (2.2 stalls per 1,000 Sq. Ft.).
Listing Information
- Prop. Type:
- Office
- Status:
- Active
- City:
- St. Albert
- MLS® Number:
- E4377078
- Neighbourhood:
- Downtown_SALB
- Area:
- St. Albert
- Province:
- AB
- Listing Price:
- $8,500,000
General Information
- Year Built:
- 1977
- Zoning/Land Use Code:
- For Sale
- Region:
- St. Albert
Additional Information
- Plan:
- 7822207
- Legal Block:
- 5
- Legal Lot/Unit:
- 61
Other Information
- Land Size Hectares:
- 0
- Building Type:
- Mixed Use, Multi Tenant/Multi Plex, Office Buildin
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This property is listed by Derek Claffey, Ryan Brown of Nai Commercial Real Estate Inc and provided here courtesy of
Kyle Rossiter.
For more information or to schedule a viewing please contact Kyle Rossiter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.