milner business condos -...
TRANSCRIPT
PROPERTY $
RE/MAX Commercial CapitalRitchie Mill Business Center
#300, 10171 Saskatchewan DriveEdmonton, AB T6E 4R5
780 757 1010
• Prices well below replacement cost
• Sizes range from 3,500 SF to half and full floor plates
• Great downtown location with excellent parking ratios
• High end finishing in common areas and offices
• Building being upgraded with new windows and upgraded operating systems
• Ideal investment for office users - own your own real estate for less than rent (equates to $7.50/SF rent)
10040 - 104 St, Edmonton | Alberta
Milner Business Condos
FOR SALE
Starting at$159/SF
Steven PearsonVice President,Investment & Industrial780 993 [email protected]
Julie EgertAssociate780 975 [email protected]
Jeff GrobmanVice President,Investment & Industrial780 908 [email protected]
Possible Naming Rights!
www.rcedm.ca
PROPERTY DETAILSAn opportunity to own a piece of downtown Edmonton
For Sale 10040 - 104 St
Address 10040 - 104 St, Edmonton, AB
Legal Description
67-71/4/NB
Building Size ±117,654 SF
Typical Floor ±13,500 SF
Zoning CMU
Year Built 1957
Construction Concrete/Steel frame
Parking 4 stalls/floor included
Elevators 4
Floors Available
Floors 2 - 10
Possession Summer 2019
www.rcedm.ca
PROPERTY DETAILS
• Medical Practitioners
• Law firms
• Accountants
• Architect firms
• Dentists
• Real Estate offices,
• Clothing wholesalers,
• Tailors
• Engineers
For Sale 10040 - 104 St
• Insurance Firms
• Medical Cannabis
• Private Education
services
• Religious Assembly
• Apartment Hotels
• Apartment Housing
• General Retail
Example of purchasers would be:
Property Improvements to be made:
to name a few
• Engineering work done by Arrow Engineering• Architectural done by Kasian Architecture• Property managed by Greystone
• New windows
• Additional main floor parking (approx 65 stalls)
• Upgraded chiller
www.rcedm.caFor Sale 10040 - 104 St
Partners in Lending
RENTAL ANALYSIS:
LEASING VS OWNERSHIP
Leasing Owning
LocationAn Average Office inDowntown Edmonton
10040 - 104 St, Edmonton
Average Office Size (SF) 6,750 SF 6,750 SF
Purchase Price(at $159/SF)
N/A $1,073,250
Down Payment Required N/A $214,650
Amount Financed N/A $858,600
Assumed Financing is obtained from BDC (Business Development Bank of Canada) at 5.0% interest rate, 25 year amortization and 80% financing.
Monthly Lease Rate Assumed $14.00/SF N/A
Monthly Occupancy Cost(Rent or Mortgage Payment)
$7,875/month $5,025/month
Monthly Operating Expenses Payable both options Payable both options
Savings/Month: Equity Earned $0 Average $1,475/month
Annual Cost $94,500 $60,300
Amount of Equity in the first year
$0 $17,700
Effective Annual Cost $94,500 $42,600
Effective Monthly Occupancy Cost
$7,875/month$3,550/month
(Effective rate of $6.50/SF)
Approximate Annual Savings Over $50,000
www.rcedm.ca
RE/MAX Commercial CapitalRitchie Mill Business Center#300 10171 Saskatchewan DriveEdmonton, AB T6E 4R5780 757 1010
CONTACT US
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.
For Sale 10040 - 104 St
Steven PearsonVice President,Investment & Industrial780 993 [email protected]
Julie EgertAssociate780 975 [email protected]
Jeff GrobmanVice President,Investment & Industrial780 908 [email protected]