$ 8,500,000
7 & 9 ST ANNE ST St. Albert, AB T8N 2X4
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$ 8,500,000
Est. payment | /mo
47,024 SqFt
$ 8,500,000
Est. payment | /mo
47,024 SqFt
Key Details
Property Type Commercial
Sub Type Office,Retail
Listing Status Active
Purchase Type for sale
Square Footage 47,024 sqft
Price per Sqft $180
MLS® Listing ID E4377078
Year Built 1977
Property Description
7 & 9 St. Anne Street is an excellent opportunity for an owner/user looking to own and occupy a building with strong rental income from existing tenants or Investors looking to create value with renovation, lease-up or potential condominiumization of the property. This property is an attractive location just off St. Albert Trail in the downtown region and overlooks the Sturgeon River. The building is currently 61% occupied by Tenants with Net Leases in place. 39% of the building is available for owner/user occupancy or re-lease to new Tenant's. The current net income of $482,000.00 per annum in place (June 1, 2024), potential Proforma income of $764,812.00 per annum. There are medical/office vacancies with a variety of subdivision options including 8,213 Sq.Ft. +/- of nicely finished main floor space (availble June 1, 2024). There are 20 covered parking stalls and 102 surface parking (2.2 stalls per 1,000 Sq. Ft.).
Location
Province AB
Community Downtown (St. Albert)
Area St. Albert
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Derek Claffey • NAI Commercial Real Estate Inc