strip mall for sale
328
7TH STREET EAST BROOKS, ALBERTA
Partnership. Performance.
INVESTMENT OPPORTUNITY - STRIP MALL FOR SALE Opportunity
Approximately 42,921 sf Excellent investment opportunity located in Brooks, a city in southeast Alberta approximately 186 km’s southeast of Calgary and 110 km’s northwest of Medicine Hat. Acre Square features a strong and diverse tenant mix which includes a restaurant, grocery store and many professional office tenants and services. The building is currently 100% leased. Doug Mereska D 403.942.0064 E [email protected]
Kendal Hachkowski D 403.942.7096 E [email protected]
328
7TH STREET EAST
BROOKS, ALBERTA
Approximately 42,838 sf total • 34,916 sf main floor space • 8,005 sf second floor space
LEGAL DESCRIPTION Plan: 731352 Block: 1
LOCATION
Lot: 3 to 5
Acre Square is located in Brooks, Alberta. Brooks is a city in southeast Alberta located on Highway 1 with a population of just over 13,000. The city is approximately 186 km’s southeast of Calgary, and 110 km’s northwest of Medicine Hat. Acre Square is located in a high visibility location on 7th Street East, easily accessible from Sutherland Drive, 8th Street and 3rd Avenue East.
SALE PRICE
PROPERTY HIGHLIGHTS •
•
•
Acre Square features two floors of space with a loading area and several overhead doors in rear, a private parking lots and large pylon sign Acre Square currently has 23 different tenants, ranging from a restaurant to office professionals Building tenants include: Precede, The Codfather Restaurant, Brooks Decorating Centre, Benjamin Moore, Brooks Market, Carol’s Dog Clippings, Government of Alberta, Asian Grocery, Vapor Plumbing and Heating, Hayday Gym, Brown Handyman Service, C.U.P.E., Church of Christ, Rice Bros. and Kandice Howes Massage Therapy
$3,000,0000
partnership. performance.
SIZE
PROJECTED NET INCOME $237,558 • After discounting $20,000 for repair and maintenance allowance and $12,000 for management fees
AVAILABLE Negotiable
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
328
7TH STREET EAST
BROOKS, ALBERTA
2014 (Estimate)
Revenues
Gross Rent $400,000
Expenses
Utilities $90,000 Property Taxes $36,000 Insurance $4,442 Repairs and Maintenance $20,000 Management Fees $12,000 Total ($162,442) Projected Net Operating Income
partnership. performance.
STATEMENT OF INCOME
$237,558
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
328
7TH STREET EAST
BROOKS, ALBERTA
MAIN FLOOR #109 2,380 SF #107 2,515 SF #112 2,554 SF
2ND FLOOR 655 SF
974 SF
1,000 SF
996 SF
450 SF 741 SF 554 SF
#106 2,515 SF
partnership. performance.
SITE PLAN
987 SF 1,260 SF
#105 2,200 SF
#104 2,789 SF #103 2,680 SF
617 SF
1,383 SF
987 SF
725 SF
875 SF 400 SF
#102 2,597 SF
1,000 SF
#101 2,680 SF
1,000 SF
#100 2,680 SF
836 SF
1,168 SF 640 SF
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
328
7TH STREET EAST
BROOKS, ALBERTA
partnership. performance.
AREA MAP
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
7TH STREET EAST BROOKS, ALBERTA
Partnership. Performance.
INVESTMENT OPPORTUNITY - STRIP MALL FOR SALE Opportunity
Approximately 42,921 sf Excellent investment opportunity located in Brooks, a city in southeast Alberta approximately 186 km’s southeast of Calgary and 110 km’s northwest of Medicine Hat. Acre Square features a strong and diverse tenant mix which includes a restaurant, grocery store and many professional office tenants and services. The building is currently 100% leased. Doug Mereska D 403.942.0064 E [email protected]
Kendal Hachkowski D 403.942.7096 E [email protected]
328
7TH STREET EAST
BROOKS, ALBERTA
Approximately 42,838 sf total • 34,916 sf main floor space • 8,005 sf second floor space
LEGAL DESCRIPTION Plan: 731352 Block: 1
LOCATION
Lot: 3 to 5
Acre Square is located in Brooks, Alberta. Brooks is a city in southeast Alberta located on Highway 1 with a population of just over 13,000. The city is approximately 186 km’s southeast of Calgary, and 110 km’s northwest of Medicine Hat. Acre Square is located in a high visibility location on 7th Street East, easily accessible from Sutherland Drive, 8th Street and 3rd Avenue East.
SALE PRICE
PROPERTY HIGHLIGHTS •
•
•
Acre Square features two floors of space with a loading area and several overhead doors in rear, a private parking lots and large pylon sign Acre Square currently has 23 different tenants, ranging from a restaurant to office professionals Building tenants include: Precede, The Codfather Restaurant, Brooks Decorating Centre, Benjamin Moore, Brooks Market, Carol’s Dog Clippings, Government of Alberta, Asian Grocery, Vapor Plumbing and Heating, Hayday Gym, Brown Handyman Service, C.U.P.E., Church of Christ, Rice Bros. and Kandice Howes Massage Therapy
$3,000,0000
partnership. performance.
SIZE
PROJECTED NET INCOME $237,558 • After discounting $20,000 for repair and maintenance allowance and $12,000 for management fees
AVAILABLE Negotiable
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
328
7TH STREET EAST
BROOKS, ALBERTA
2014 (Estimate)
Revenues
Gross Rent $400,000
Expenses
Utilities $90,000 Property Taxes $36,000 Insurance $4,442 Repairs and Maintenance $20,000 Management Fees $12,000 Total ($162,442) Projected Net Operating Income
partnership. performance.
STATEMENT OF INCOME
$237,558
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
328
7TH STREET EAST
BROOKS, ALBERTA
MAIN FLOOR #109 2,380 SF #107 2,515 SF #112 2,554 SF
2ND FLOOR 655 SF
974 SF
1,000 SF
996 SF
450 SF 741 SF 554 SF
#106 2,515 SF
partnership. performance.
SITE PLAN
987 SF 1,260 SF
#105 2,200 SF
#104 2,789 SF #103 2,680 SF
617 SF
1,383 SF
987 SF
725 SF
875 SF 400 SF
#102 2,597 SF
1,000 SF
#101 2,680 SF
1,000 SF
#100 2,680 SF
836 SF
1,168 SF 640 SF
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
328
7TH STREET EAST
BROOKS, ALBERTA
partnership. performance.
AREA MAP
Doug Mereska D 403.942.0064 E [email protected] Kendal Hachkowski D 403.942.7096 E [email protected]
Suite 300, 515 7th Street South Lethbridge, Alberta, T1J 2G8 M 403.330.3338 W avisonyoung.com The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed or warranted by Avison Young Lethbridge Inc. nor can it form any part of any future contract. — 2014
