Fully leased retail investment offered at an approximately 6% cap rate in South Edmonton. Offered together, these two retail condominium properties comprise approximately 2,503 sq. ft.: 1035 Parsons Road SW offers approximately 1,174 sq. ft., and 1039 Parsons Road SW offers approximately 1,329 sq. ft. Occupied by an Indian restaurant and a pizza restaurant under long-term net leases, the offering features in-place rental income, scheduled contractual rent increases, and tenant renewal options. Sale includes real estate only; tenant businesses are excluded. Buyer to assume existing tenancies and leases, including the landlord’s obligations thereunder. Cap rate is based on the asking price and stated net operating income, subject to buyer verification. (id:51989)
Features of 1035 & 1039 Parson Road Sw Edmonton Ab
- MLS® Number 45888404
- Price $1,398,800
- Square Footage: 2503 sqft
Buildings
| Size Interior | 2503 Sqft |
Land
| Acreage | No | Size Irregular | 1089 |
| Size Total | 1089 Sqft|under 1/2 Acre | Size Total Text | 1089 Sqft|under 1/2 Acre |
Agents and Offices
- Sukh Somal
- Office: Maxwell Polaris