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9804 104th St 9,850 SF 100% Leased Office Building Fort Saskatchewan, AB T8L 2E6 $1,599,000 CAD ($162.34 CAD/SF) 6.19% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Investment – 4 commercial units + 5 residential suites.
- Strong Returns – 6.6% cap rate, upgraded and turnkey condition.
- Downtown Fort Saskatchewan – High visibility with 18 parking stalls.
EXECUTIVE SUMMARY
This mixed use building is in incredible condition and a great investment property. Main floor commercial consists of 4 tenants while the upper level has 5 residential suites. The suite make up is Four 2 bedroom plus One 1 bedroom units. The owner has built a single car garage at the back of the property. The property is fully leased with great tenants. Excellent location in old down town Ft Saskatchewan plus plenty of parking. The upgrades and maintenance of this property structurally and mechanically have it presenting Like New ! Just completed, the building has now been outfitted with solar panels!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,850 SF
Building Class
B
Year Built
1984
Price
$1,599,000 CAD
Price Per SF
$162.34 CAD
Cap Rate
6.19%
NOI
$98,934 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,925 SF
Building FAR
0.75
Lot Size
0.30 AC
Zoning
CC-D - Core Commercial - Downtown
Parking
18 Spaces (1.83 Spaces per 1,000 SF Leased)
AMENITIES
- Natural Light
1 1
Walk Score®
Very Walkable (84)
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9804 104th St
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