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105 Main St
Airdrie, AB T4B 0R3
Retail Property For Sale
Investment Highlights
- The property features stable income backed by a diverse mix of three established tenants, each of whom demonstrate stable operational performance.
- Centrally situated in the heart of Downtown Airdrie, in the city’s established historic core
- Highly leasable, new generation retail asset offering competitive leasing advantages to tenants - location, functionality, and aesthetic appeal.
Executive Summary
On behalf of the Vendor, the Colliers Investment Sales Team is pleased to present 105 Main Street for sale. The opportunity is to purchase a 100% freehold interest in a fully occupied retail plaza in the centre of Airdrie, Alberta. The plaza is fully occupied by three strong tenants in the restaurant, communications and medical industries which support a stable and growing cash flow.
The property was originally built by Opus Developments and has been managed and maintained to an exceptional standard since its completion in 2012. The opportunity exists to renew tenants on market lease rates in the near to medium term, presenting the investor with stability of income and potential upside.
105 Main Street is strategically located at the intersection of Main Street and Center Avenue, in the heart of downtown Airdire and features strong viability with both vehicle and foot traffic. Built in 2012, the property has strong curb appeal and competitive advantages over other retails properties in the surrounding area.
105 Main Street is presented to the market at a price of $5,300,000 with Bid Date to be communicated.
The property was originally built by Opus Developments and has been managed and maintained to an exceptional standard since its completion in 2012. The opportunity exists to renew tenants on market lease rates in the near to medium term, presenting the investor with stability of income and potential upside.
105 Main Street is strategically located at the intersection of Main Street and Center Avenue, in the heart of downtown Airdire and features strong viability with both vehicle and foot traffic. Built in 2012, the property has strong curb appeal and competitive advantages over other retails properties in the surrounding area.
105 Main Street is presented to the market at a price of $5,300,000 with Bid Date to be communicated.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,078 SF
Building Class
B
Year Built
2012
Price
$5,300,000 CAD
Price Per SF
$583.83 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.41 AC
Zoning
M3 - Downtown Core Mixed Use District
Parking
25 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
128’ on Main St
Amenities
- Signage
1 of 8
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