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10055 120 Av
Grande Prairie, AB T8V 8H8
Office Property For Sale
·
20,872 SF
Investment Highlights
- Turnkey investment with a long-term AAA tenant in place.
- Includes kitchenette, storage space, and private restroom for added functionality.
- Strong investment appeal with income-producing asset and renewal option through 2028.
- Fully built-out second-floor unit with five private offices and reception area.
- Located in Northridge Business Centre, featuring ample paved parking and elevator service.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 12.70% |
| Sale Type | Investment |
| Cap Rate | 12.70% |
Sale Notes
This mixed-use condo unit offers a turnkey investment opportunity within Northridge Business Centre in Grande Prairie. Positioned on the second floor, the unit includes five oversized private offices, each featuring large windows for natural light, accommodating up to two workstations per office. Additional amenities include a reception area, a lunchroom with kitchenette, a dedicated storage room, and a private restroom. The property is currently leased to a long-term AAA tenant, delivering stable cash flow from day one. The center provides abundant paved parking and elevator access, ensuring convenience for both occupants and visitors. This well-maintained property offers an investor immediate income with the potential for extended value through a lease renewal option in 2028.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 201 | 1,461 SF | Office | Upon Request | $43,167.30 CAD |
Unit 201
| Unit Size |
| 1,461 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| $43,167.30 CAD |
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Unit 201
| Unit Size | 1,461 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | $43,167.30 CAD |
| Sale Type | Investment |
| Cap Rate | 12.70% |
| Sale Notes | |
| This mixed-use condo unit offers a turnkey investment opportunity within Northridge Business Centre in Grande Prairie. Positioned on the second floor, the unit includes five oversized private offices, each featuring large windows for natural light, accommodating up to two workstations per office. Additional amenities include a reception area, a lunchroom with kitchenette, a dedicated storage room, and a private restroom. The property is currently leased to a long-term AAA tenant, delivering stable cash flow from day one. The center provides abundant paved parking and elevator access, ensuring convenience for both occupants and visitors. This well-maintained property offers an investor immediate income with the potential for extended value through a lease renewal option in 2028.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 20,872 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 20,872 SF |
| Property Subtype | Office/Residential | Year Built | 2008 |
| Building Class | B | Lot Size | 1.71 AC |
| Zoning | C-A - Commercial - Arterial | ||
| Total Building Size | 20,872 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 20,872 SF |
| Year Built | 2008 |
| Lot Size | 1.71 AC |
| Zoning | C-A - Commercial - Arterial |
Amenities
- Security System
- Reception
- Air Conditioning
- Smoke Detector
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
