LOCATION: 3606/3804 50TH STREET LLOYDMINISTER, AB
PURCHASE PRICE: $10,200,000
APPRAISED VALUE: $12,135,000
DATE PURCHASED: JANUARY 31, 2018
CASH ON CASH RETURN: 7%
COMPOSITE RETURN: 14.2%
TENANCY: CO-OP FOOD STORE, CORA RESTAURANT, QUIZNOS, MARBLE SLAB CREAMERY, VERNS PIZZA, SERVUS CREDIT UNION, EDWARD JONES, MONEY MART, EASY HOME, LIQUOR STORE, GRIDIN GEARS, FABUTAN, WILLOW CREEK CLOTHING, BORDER CITY CIGAR, B&D DRYCLEANERS, CLEARVIEW SATELLITE, AND GROWER DIRECT.
OCCUPANCY: 100%
YEAR BUILT: 1980
UPGRADES: ROOF, HVAC, EXTERIOR – 2015/2016
FOOTAGE: 72,286 (5.14 ACRES)
NET OPERATING INCOME: $824,873 (BASED ON 2018 BUDGET, CURRENT RATE & EXPENSES)
HOLDING STRATEGY: HOLD FOR LONG TERM CASH FLOW AND EQUITY AND GROWTH.
JOINT VENTURE: SAFETY FIRST PROJECTS 6

Please follow and like us:
Facebook
Facebook
LinkedIn
Instagram