commercial condo building for sale

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COMMERCIAL CONDO BUILDING FOR SALE 5002 - 55TH STREET, RED DEER, AB Elements at River’s Edge

Building Size:

±78,225 SF

Comments:

Year of Construction: 2014

-- Walking distance to downtown amenities; 4 blocks to central downtown

Number of Storeys: 2

-- Red Deer’s highest quality “A” Class office condos for sale

Zoning:

DC (3)

Parking: Ample underground & surface parking Titled stalls for sale Storage:

Titled storage units

Price: Contact agents

Paul McKay, Vice President 587.293.3365 [email protected]

-- Generous parking for staff and clients -- Office/Medical/Retail opportunities -- River views, signage opportunities, available storage, high-end residential tower adjacent to the site and quick access/egress onto Gaetz Avenue are but a few benefits

Mark Hartum, Principal 780.429.7557 [email protected]

Alexi Olcheski, Principal 403.232.4332 [email protected]

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

FOR SALE 5002 - 55th Street, Red Deer, AB Main Floor Plan

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RED DEER, ALBERTA Ph. 1-888-310-1255

DRAFTED BY:

W.E.E.J.

CLIENT:

RIVERCITY DEVELOPMENTS LTD.

CHECKED BY:

D.V.

FILE No.:

1933-004ZN

MAY 15, 2012

DRAWING FILE NAME:

1933-004ZNC4OF6

Unit 104

-- Base building condition -- Vacant possession

* Floor plans are representative, and are not exactly to scale

Unit 102 © 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Unit 104

FOR SALE 5002 - 55th Street, Red Deer, AB Main Floor Plan

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Part of UNIT 18 (2 Parts)

UNIT 7 RED DEER, ALBERTA Ph. 1-888-310-1255

DRAFTED BY:

W.E.E.J.

CLIENT:

RIVERCITY DEVELOPMENTS LTD.

CHECKED BY:

D.V.

FILE No.:

1933-004ZN

MAY 15, 2012

DRAWING FILE NAME:

1933-004ZNC4OF6

FOR SALE 5002 - 55th Street, Red Deer, AB Main Floor Plan

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4.21

mm

(Co

Arc=15.23 Y)

MON

(COM

DECK

5

1.56

E

KAD ND PAR

ROU

ERG UND E OF

EDG

1.58

6

3.6

8

4.8 1

3.9

3.41

39 6.

103

IT 1

25.11

2.15

88

3.

1.88

5.61

07 0.

5.29

102

28

UN

0.7

1

8

4.8

FOURTH FLOOR

MATCHLINE 1.04

9.01

2.22 COMMON PROPERTY

Part of UNIT 18 (2 Parts)

UNIT 7 RED DEER, ALBERTA Ph. 1-888-310-1255

Unit 160

COMMENTS: -- 2,822 sf -- High ceilings -- Parking lot frontage

D

3.41

3.01

10

0.

30

5.56

17

1.

NAME:

6.70

0.

MAIN FLOOR

44

2.

IT 1

4.

27

1.33

2 18 IT rts) UN 2 Pa (In

0.09

15.79

2.00

3.

0.22

2.15

3.82

88

1.

1:2

16

44

IT

3.

UN

0.20

9.

104

SHEE SCALE =

5.

101A

.49

61

c=

Ar

19.73

UNIT 2

71

2.

Vertical Plane

Unit 130

DRAFTED BY:

W.E.E.J.

CLIENT:

RIVERCITY DEVELOPMENTS LTD.

CHECKED BY:

D.V.

FILE No.:

1933-004ZN

MAY 15, 2012

DRAWING FILE NAME:

N

-- Base building condition -- Vacant possession

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

1933-004ZNC4OF6

FOR SALE 5002 - 55th Street, Red Deer, AB Second Floor Plan

N

E

KAD ND PAR

ROU

ERG UND E OF

63 3.

Unit 210

Y)

EDG

DECK

MON

(COM

PROPERT

6

40.5

0.40 60 0. 0.60

0.60 0.60

60

0.

1.

SHEET 5 O

UNIT 10

49

mm

3.

(Co

1.

3.62

12

22

5.

5.

210

44

16 on Pro

44

6.

) rty pe

1.

SCALE =

1:200

13.25

55

SURVEYOR

10

1.12

.0 8

5. 10

.08

2.07

1.76

2.20

3.04

UNIT 182 (2 Parts)

NAME:

5.89

DIRK VAND

3.41

24.23

88

9.

1.70

2.35

61

201 IT 9

230

65

3.

UN

30 0.

83

UNIT 11

12.14

1.86

19

4.

3. 1.68

15.52

6.31

SECOND FLOOR

44

2.

85 1.

Y

RT

91

1.

N MO

OPE

PR

M

3.11

CO

12.20

5.29 3.14

85

E

5.

O

39 6.

31 0.

EDG

N PR

O MM

CO

0

7.5

Y)

PROPERT

MON

(COM

DECK

63 3.

KAD 89 ND PAR 7. ROUY ERG UND RT E OF PE

27

1.

6

40.5

0.40 60 0. 0.60

Y ) ON perty LC BA on Pro

0.60 (Co 0.60 3 5.2 60 0.

mm

BA

13.25

26 2.

1

.1 24 6.

3.04 12.14

1.58

0.62 0.62

15.28

COMMON PROPERTY COMMON PROPERTY

00.90 .90

3.20

UNIT UNIT 18 18 (In (In 22 Parts) Parts)

5.20

28.44

MATCHLINE

2.43

5.65

mm

Y ) ON perty LC BA on Pro

(Co

5.23

260

26

2.

79

.1

60

1

1.

.5

12

6.

c=

12

IT 28

0.16

17.66

44

12.19

mm

(Co

12.19

2.

UN

2.

Y ) ON rty .17 BALC Prope on

24

Ar

UNIT 14

1.

UN

17

2.09

IT 30

74

4.

6.

41

21

7.32

B

43

3. 12.48

5

3.75

24.72

.1

12

IT 27

UN

73

1.

3.

Y ) ON perty LC BA on Pro

UNIT 13

mm

0.56

8

1.

99

4.8

1.58

0.76

COMMON PROPERTY

0.90

1.87

15.28

2.43

0.04 4.56

4.46

UNIT 18 (In 2 Parts)

UNIT 14

Unit 240

-- Frontage onto Gaetz Avenue & parking lot -- Base building condition -- Vacant possession

00

5.

84

1.84

FIFTH FLOOR

COMMENTS: -- 2,827 sf -- High ceilings

270 4.

mm

16 5. Y ) ON perty LC BA on Pro

(Co

0.7

2

UNIT 15

12.27

73

(Co

1.23

OPE

PR

2 1.7 6 3.6

87

1.

A

ON

MM

CO

0.57

98

1.

87

1.

2.20

16

0.

Y

RT

6

.7

24

1.83

42

4.

24

5.

0.62

mm

28.44

Y ) ON perty LC BA on Pro

(Co

4.60

23

6.

4.

15.22

2.28

RED DEER, ALBERTA Ph. 1-888-310-125

92

6

2.16

UNIT 14

85

CONTIGUOUS OPTIONS: Unit 210 + Unit 230 = 12,292 sf Unit 210 + Unit 230 + Unit 240 = 15,330 sf mm

(Co

12.27 24.72

73

3.

27.34

4.46

0.76

1.

24

93

ON perty LC BA on Pro

3.14

N

0.04 0.04 4.56

UNIT 12

0.06

3.73

IT 29

.73

)

27.32

15.52

SECOND FLOOR

A

RED DEER, ALBERTA Ph. 1-888-310-1255

Unit 230

1.58

1.87 1 .87

1.

UN

4.75

UNIT 13

8

Ar

Y

12.48

250

4.8

2.11

mm

(Co

12.20

27.32

.60

4.

c=

B

UNIT 11

FIFTH FLOOR

99

11

30

5.

Y ) ON perty LC BA on Pro 4.95

c=

Y

86

3.9

Ar

OPE

PR

CO

1.

3

5.2

12

Arc=

12.19

(Co

3.

B

8

A.L.S.

DIRK VANDENBRINK

28.44

73

mm

16 5. Y ) ON perty LC BA on Pro

2

0.7

mm

4.8

NAME:

UNIT 13

Y ) ON perty LC BA on Pro

1

44

2.

mm

(Co

39

31

6.

0.

A

20 Metres

mm

(Co

73

5.

16

(Co

RT

ON

MM

12

Y ) ON rty .17 BALC Prope on

12

5

Y ) ON perty LC BA on Pro

1.

3.

3.11

Y

RT

OPE

PR

5.89

8

24.72

3.75

85 85

3.14

89

7.

ON

MM

CO

0

7.5

3.6

1. 2.20

4

2 1.7 6 3.6

87

1.

6

28

1.

2.20

98 1.

1.86

16

0.

6.31

2

.1

12

IT 27

5.29

27

1.

0

UN

M

CO

42

4.

6

.7

24

1.

UNIT 182 (2 Parts)

60

21 2.

24

5.

87

Y

4.

23 6.

30 0.

1.

OPE

PR

79 1.

17

2.09

mm

(Co

83

3. 1.68

RT

N MO

)

ON perty LC BA on Pro

65

3.

19

4.

91

1.70

8

3.14

41

SECOND FLOOR

2.07

.0

10

1.76

0.16

UN

3.41

10

5.

24.23

IT 28

1.

5.23

) rty pe

55

6

.5

12

c=

Ar

UN

2.35

SECOND FLOOR

UNIT 12

1:200

SURVEYOR

92

6.

IT 30

74

4.

88

Y

SCALE =

Y ) ON rty LC Prope

Pro

6.

mm

9.

44

2.

IT 9

on mm (Co

on

.73

24

93

4.

c=

Ar

Y ) ON perty LC BA on Pro (Co

61

UN

73 3.

2.28

49

mm

3.

(Co

44

1.

1.

1.12

.08

SHEET 5 OF 6

85

UN

4.75

240

A

IT 29

UNIT 10

mm

(Co

86

2.11

22

12

4.95

c=

Ar

1.

3.62

5.

5.

1.

1.

2.38

30 5.

Y ) ON perty LC BA on Pro

44

16

COMMENTS: -- 9,465 sf -- Beautiful river views with frontage onto Gaetz Avenue -- High ceilings -- Base building condition -- Vacant possession

.60

12

Arc=

3.73

B

27.34

3.6

8

4.8 1

3.9

99 1.

11 3.

6

28

1.

DRAFTED BY:

W.E.E.J.

CLIENT:

RIVERCITY DEVELOPMENTS LTD.

CHECKED BY:

D.V.

FILE No.:

1933-004ZN

MAY 15, 2012

N

COMMENTS: -- 3,038 sf -- Frontage onto Gaetz Avenue & parking lot -- High ceilings with almost full floor to ceiling windows -- Base building condition -- Vacant possession

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

DRAWING FILE NAME:

1933-004ZNC5OF6

FOR SALE 5002 - 55th Street, Red Deer, AB Second Floor Plan

N

E

KAD ND PAR

ROU

ERG UND E OF

63 3.

Unit 260

Y)

EDG

DECK

MON

(COM

PROPERT

6

40.5

0.40 60 0. 0.60

0.60 0.60

60

0.

3.62

12

22

5.

5.

210

44

16

1.

SHEET 5 O

UNIT 10

49

mm

3.

(Co

1.

on Pro

44

6.

) rty pe

1.

SCALE =

1:200

13.25

55

SURVEYOR

10

1.12

.0 8

5. 10

.08

2.07

1.76

2.20

3.04

UNIT 182 (2 Parts)

NAME:

5.89

DIRK VANDEN

3.41

24.23

88

9.

1.70

2.35

61

201

SECOND FLOOR

2.

IT 9

230

65

3.

UN

30 0.

83

UNIT 11

12.14

1.86

19

4.

3. 1.68

15.52

6.31

44

85 1.

Y

RT

91

ON

1.

MM

OPE

PR

3.11

CO

12.20

5.29 3.14

85

E

5.

39 6.

31 0.

EDG

O

PR

ON

MM

7.5

Y)

PROPERT

MON

(COM

DECK

CO

0

63 3.

KAD 89 ND PAR 7. ROUY ERG UND RT E OF PE

27

1.

6

40.5

0.40 60 0. 0.60

Y ) ON perty LC

BA on Pro

0.60 (Co 0.60 3 5.2 60 0.

mm

mm

13.25

26 2.

1

.1 24

6.

3.04 12.14

12.27 0.62 0.62

15.28

2.43 COMMON PROPERTY COMMON PROPERTY

3.20

UNIT UNIT 18 18 (In (In 22 Parts) Parts) 5.65

mm

Y ) ON perty LC BA on Pro

(Co

5.23

260

26 17.66

92

6.

.1

79

1.

UN

17

2.09

IT 30

74

4.

60

1

1.

.5

12

6.

c=

12

IT 28

0.16

12.19

mm

(Co

12.19

2.

41

21

4.

42

4. 24

5.

2.20

16

0.

Y

RT

6

.7

24

ON

98

MM

OPE

PR

CO

7.32

mm

1.

B 43

3. 12.48

3.

-- Base building condition -- Vacant possession

UNIT 15

12.27

73

2

270 0.56 1.84

8

00

5.

84

1.

FIFTH FLOOR

1.58

0.62

4.

99

4.8

0.76

4.46

15.28

2.43

0.04 4.56

COMMON PROPERTY

0.90

0.7

1.87

mm

16 5. Y ) ON perty LC BA on Pro

(Co

A

24.72

mm

0.57

73

1.

28.44

UNIT 13 Y ) ON perty LC BA on Pro

(Co

3.6

1.23

5

.1

12

IT 27

UN

2 1.7 6

87

1.

1.83

87

1.

3.75

COMMENTS: -- 1,857 sf -- High ceilings -- Frontage onto Gaetz Avenue & parking lot

Y ) ON perty LC BA on Pro (Co

4.60

23

6.

3.14

UN

44

2.

Y ) ON rty .17 BALC Prope on

24

Ar

UNIT 14

15.22

2.28

RED DEER, ALBERTA Ph. 1-888-310-1255

2.

mm

MATCHLINE

24.72

UNIT 14

85

0.76

1. .73

(Co

2.16

0.06

27.34

73

3.

2.11

4.46

27.32

3.73

4.56

UNIT 12

1.87 1 .87

99

1.

0.04 0.04

5.20

28.44

1.58

SECOND FLOOR

A

24

93

4.

6

27.32

15.52

FIFTH FLOOR

1.58

mm

16 5. Y ) ON perty LC BA on Pro

(Co

8

UN

4.75

UNIT 13

4.8

Ar

Y ) ON perty LC BA on Pro

12.48

250

28.44

73

73

11

30

5.

mm

(Co

12.20

86

1.

IT 29

BA on Pro 4.95

c=

Ar

B

UNIT 11

UNIT 13

1.

3.

2

0.7

3.9

c=

OPE

PR

(Co

3.

B

ON

MM

CO

5

BA on Pro

mm

Y ) ON perty LC

A.L.S.

DIRK VANDENBRINK

12.19

Y

Y ) ON perty LC

Y ) ON perty LC BA on Pro

4.8

NAME:

mm

(Co

2 1.7 6

3

20 Metres

3.6

5.2

.60

16

24.72

3.75

3.11

39

31

6.

0.

A

1

44

2.

Y ) ON rty .17 BALC Prope on

12

mm

12

Arc=

12

21

98

85

Y

RT

OPE

PR

ON

MM

CO

0

7.5

8

(Co

87

3.6

2.20

16

0.

1.

8

5.89

4

.1

12

IT 27

5.

6

28

60

1. 2.20

2

UN

85

3.14

89

7.

6.31

RT

6

1.

CO

5.29

27

1.

42

4.

.7

24

87

Y

0

2.

24

5.

1.

1.86

1.

OPE

PR

UNIT 182 (2 Parts)

1:200

SURVEYOR

23

30

83

3. 1.68

RT

ON

MM

4.

6.

3.14

mm

(Co

0.

19

4.

91

1.

79 1.

17

2.09

10

UN

1.70

8

5.

41

SECOND FLOOR

2.07

.0

1.76

0.16

3.41

10

Y ) ON perty LC BA on Pro

UN

2.35

24.23

IT 28

UN

2.

5.23

) rty

pe

6

.5

12

c=

Ar

88

9.

65

SCALE =

92

6.

IT 30

74

4.

UNIT 12

00.90 .90

Pro

55

6.

mm

Y ) ON perty LC BA on Pro

(Co

on

.73

24

93

4.

c=

44

3.

1.

Ar

Y ) ON perty LC BA on Pro (Co

61

IT 9

SHEET 5 OF 6

85

UN

SECOND FLOOR

240

A

IT 29

UNIT 10

4.75

1.

1.12

.08

86

73 3.

2.28

49

mm

3.

(Co

c=

Ar

44

mm

(Co

2.11

22

12

4.95

1.

3.62

5.

5.

1.

2.38

30 5.

BA on Pro

44

16

1.

1.

.60

12

Arc=

3.73

B Y ) ON perty LC

27.34

3.6

8

4.8 1

3.9

99 1.

11 3.

6

28

1.

UNIT 18 (In 2 Parts)

UNIT 14 RED DEER, ALBERTA Ph. 1-888-310-1255

DRAFTED BY:

W.E.E.J.

CLIENT:

RIVERCITY DEVELOPMENTS LTD.

CHECKED BY:

D.V.

FILE No.:

1933-004ZN

MAY 15, 2012

DRAWING FILE NAME:

1933-004ZNC5OF6

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

‘A’ Class Build Out, Fully Leased to AAA Covenant Tenants INVESTMENT CONDOS

Floor Plan - 201

UNIT

201

SIZE

13,162 sf

PARKING

19 underground stalls 35 surface stalls

TERM

Aug 1, 2014 - July 31, 2024

NOI

Aug 1, 2014 - July 31, 2019 = $363,240.00 Annually Aug 1, 2019 - July 31, 2024 = $404,754.00 Annually

OPTIONS TO RENEW

Two (2) further terms of five (5) years

PURCHASE PRICE

Contact Agent

A E L

N

D E S

Floor Plan - 103 UNIT

103

SIZE

1,616 sf

PARKING

1 underground stall 6 surface stalls

TERM

May 1, 2015 - April 30, 2025

NOI

May 1, 2015 - April 30, 2020 = $46,044.00 Annually May 1, 2020 - April 30, 2025 = $50,892.00 Annually

OPTIONS TO RENEW

Two (2) further terms of five (5) years

PURCHASE PRICE

Contact Agent

LE

N

E AS

D

Floor Plan - 101A UNIT

101 A

SIZE

3,600 sf

PARKING

3 underground stalls 26 surface stalls

TERM

Jan 15, 2014 - Jan 14, 2024

NOI

Jan 15, 2014 - Jan 14, 2019 = $107,445.00 Annually Jan 15, 2019 - Jan 14, 2024 = $118,245.00 Annually

OPTIONS TO RENEW

Two (2) further terms of five (5) years

PURCHASE PRICE

Contact Agent

LE

E AS

N

D

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

FOR SALE 5002 - 55th Street, Red Deer, AB at Rivers Edge Elements at Rivers Elements Edge - Stabilized Income Pro Forma Elementsand at Rivers Edge Stabilized Income and pro Forma Tenant Alberta Energy Regulator Dynalife Alberta Blue Cross

Area Tenant

Lease Start

Lease Expiry Area

13,179 3,600 1,616

8/1/2014 1/15/2014 5/1/2015

7/31/2024 1/15/2024 13,179 5/1/2025 3,600 1,616

Alberta Energy Regulator Dynalife Alberta Blue Cross

Annual Existing Rental Income Annual Existing Rental Income Less: Structural / Vacancy Allowance (1%) Less: Structural / Vacancy Allowance (1%) Stabilized Net Existing Operating Income Stabilized Net Existing Operating Income $2,150,000.00 -$5,759,444.75

First Year Stabilized Analysis Price Annual Net Operating Income Overall CAP. Rate

Total Price 1st Year Debt Service:

2,150,000 First Year Stabilized Analysis Price Annual Net Operating Income Overall CAP. Rate

Total Price

$

-

7,859,445

$

Interest Rate LTV 1st Year Debt65% Service: 3.00% Potential New Mortgage $5,108,639 Potential New Mortgage Equity (Initial Capital) $ 2,750,806 Equity (Initial Capital) Annual Prinicple Payments $189,687 Annual Prinicple Payments Annual Interest Payments $149,732 Annual Interest Payments Total Annual Debt Service $339,419 Total Annual Debt Service Cash Flow After Debt Service $171,445 Cash Flow After Debt Service First Year Cash on Cash Return 6.23% First Year Cash on Cash Return First Year Return on Equity 13.13% First Year Return on Equity

2 further terms of 5 years 2 further8/1/2014 terms of 5 years 2 further terms of 5 years 1/15/2014 5/1/2015

$22.85 $62,100 $24.00 7/31/2024 2 further terms of 5 years$20,340 $24.00 1/15/2024 2 further terms of 5 years$7,260 5/1/2025 2 further terms of 5 years

$22.85 $24.00 $24.00

$363,240 $106,740 $46,044

$62,100 $20,340 $7,260

$516,024 -$5,160 $510,864 $2,200,000.00 $2,150,000.00 2200000

2100000 $7,859,445 $510,864 6.50%

$

Stabilized Income and pro Forma NNN Net Rental Income - Year One Renewal Options Annual Parking Revenue NNN Net Rental Rate Lease Start Lease Expiry Renewal Options Annual Parking Revenu Rate

2,150,000

$

-$5,759,444.75

$2,200,000.00

2100000 $7,859,445 $510,864 6.50%

$ 7,859,445 Amortization (years) Interest Rate LTV 20 65% 3.00% $5,108,639 $ 2,750,806

2200000

$

Amortization (years) 20

$189,687 $149,732 $339,419 $171,445 6.23% 13.13%

*Disclaimer: This Short Financial Analysis (“SFA”) does not purport to be all inclusive or to contain all the information that the prospective purchaser may require in deciding whether or not to purchase the Property. This SFA provides selective information relating to certain physical, locational and financial characteristics of the property. The information on which this SFA isThis based has Financial been obtained from various sources considered Avison Commercial Real Estatethat Alberta Inc. makes purchaser no representations, declarations warranties, express or implied, as to the This accuracy or completeness the *Disclaimer: Short Analysis (“SFA”) does not purport to bereliable. all inclusive or Young to contain all the information the prospective may require in decidingorwhether or not to purchase the Property. SFA provides selectiveof information relating to certain information or statements contained herein or otherwise and such information or statements should not relied upon purchasers without independent investigation verification. characteristics of the property. The information onbe which this SFAby is prospective based has been obtained from various sources consideredand reliable. Avison Young Commercial Real Estate Alberta Inc. makes no representations, declarations or warranties, express or implied, as to the acc

*Disclaimer: This Short Financial Analysis (“SFA”) does not purport to be all inclusive or to contain all the information that the prospective purchaser may require in deciding whether or not to purchase the Property. This SFA provides selective information relating to certain physical, locational and financial characteristics of the property. The information on which this SFA is based has been obtained from various sources considered reliable. Avison information statements contained herein or otherwise and information or statements not be uponaccuracy by prospective without independent investigation and verification. Young Commercial Real Estate Alberta Inc. makesor no representations, declarations orsuch warranties, express or should implied, asrelied to the or purchasers completeness of the information or statements contained herein or otherwise and such information or statements should not be relied upon by prospective purchasers without independent investigation and verification.

Owner/User Opportunities UNIT

SIZE (SF)

STATUS

102

1,176

Vacant, base building condition

104

2,525

Vacant, base building condition

110

5,464

Vacant, medical built-out condition

130

3,020

Vacant, base building condition

160

2,822

Vacant, base building condition

210

9,465 w

Vacant, base building condition

230

2,827 w

Vacant, base building condition

240

3,038 w

Vacant, base building condition

w Units 210, 230 & 240 contiguous for 15,330 sf

260

1,857

Vacant, base building condition

Paul McKay, Vice President 587.293.3365 [email protected]

Mark Hartum, Principal 780.429.7557 [email protected]

Alexi Olcheski, Principal 403.232.4332 [email protected]

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

FOR SALE 5002 - 55th Street, Red Deer, AB Red Deer is the 3rd largest ciy in Alberta and the 6th largest in Western Canada with a population of 100,418 (Federal Census 2016). Located in a prime location between Calgary and Edmonton and next to one of the busiest transportation corridors in North America provides for a diverse and resilient economy. RED DEER BUSINESS ADVANTAGES

Red Deer has an excellent business environment which has many advantages for all businesses to assist them in being more competitive in the provincial, national and world markets. Some of the advantages that Red Deer businesses enjoy are: ------

No business taxes No capital tax No machinery and equipment tax No payroll tax Provincial corporate income tax of 12 percent, small business rate of 3 percent

Source: www.reddeer.ca

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Image © 2016 Google

© 2017, Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Image © 2016 Google