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10580 115th St NW 18,097 SF 100% Leased Retail Building Edmonton, AB T5H 3K6 $4,600,000 CAD ($254.19 CAD/SF) 7.04% Cap Rate
Investment Highlights
- Features include separate tenant demising, metered services, and rooftop HVAC.
Executive Summary
Mezzo offers the opportunity to acquire a fully leased, multi-tenant commercial asset situated on a prominent 0.52-acre DC2-zoned corner site in central Edmonton. The ±18,000 SF single-storey building is 100% occupied by four established tenants, providing stable in-place income supported by a diversified mix of retail, medical, fitness, office, and service-oriented users.
The property benefits from exceptional corner exposure along both 115 Street and 106 Avenue, strong surrounding residential and commercial density, and long-term redevelopment optionality under DC2 zoning. With limited tenant concentration risk, stable tenancy, and future repositioning potential, Mezzo represents an attractive long-term hold opportunity for private and institutional investors seeking durable cash flow with embedded land value.
The asset features separate tenant demising, metered services, rooftop HVAC, and flexible access via street frontage and rear lane, supporting long-term operational efficiency and tenant retention.
The property benefits from exceptional corner exposure along both 115 Street and 106 Avenue, strong surrounding residential and commercial density, and long-term redevelopment optionality under DC2 zoning. With limited tenant concentration risk, stable tenancy, and future repositioning potential, Mezzo represents an attractive long-term hold opportunity for private and institutional investors seeking durable cash flow with embedded land value.
The asset features separate tenant demising, metered services, rooftop HVAC, and flexible access via street frontage and rear lane, supporting long-term operational efficiency and tenant retention.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,097 SF
Building Class
B
Year Built
1958
Price
$4,600,000 CAD
Price Per SF
$254.19 CAD
Cap Rate
7.04%
NOI
$324,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.57 AC
Zoning
DC2 - Direct control
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 15
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10580 115th St NW
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