$1,600,000
High River
61008 11 Avenue, High River, Alberta, T1V1P2
This office property in High River is for sale offering roughly 4,897 sq ft of space. It has been on the market 51 days, fresher than the High River average of 70 days.
AMAZING INVESTMENT OPPORTUNITY! This well-designed 4,897 sq. ft. commercial building, as well as, a fully occupied 4 Plex located next to the daycare. The commercial building is home to an established daycare with a long-term tenant and a lease in place for approximately 3 more years. The property is leased on a triple-net basis, providing the owner with an attractive and predictable income stream while minimizing landlord operating expenses. The building is ideally configured for daycare operations and features a welcoming lobby, multiple offices, 2 kitchens, 7 dedicated play areas, 9 two-piece bathrooms, laundry room and 2 large outdoor play areas. The functional layout and extensive improvements make this an excellent facility for the existing tenant and provide strong appeal for future daycare use.The current lease provides a competitive cap rate, making this an excellent opportunity for an investor seeking stable commercial income with an established tenant. This property is being offered for sale in conjunction with the adjacent 4 Plex property. Both properties are separately titled and must be purchased together as a package. Please see additional linc as supplied. 4 Plex, TURN-KEY INVESTMENT OPPORTUNITY IN HIGH RIVER! This solid 4-plex offers an excellent opportunity for investors looking for a fully rented, income-producing property with long-term tenants. Each spacious one-bedroom unit features its own in-suite laundry, additional storage, a 4-piece bathroom, large living area and a spacious, functional kitchen. All four units are currently rented, generating a total monthly rental income of $4,950.00. A great addition to any investment portfolio with four self-contained units and dependable rental income. Call today to view this great investment opportunity and start building your portfolio! (id:66096)
Long Listed: 51 days on market, against an average age of 70 days across the listings currently for sale in this city
This office in High River has been listed for 51 days, which is 19 days fresher than the city average of 70. Act while there is still low competition.
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