7 & 9 St Anne St, St. Albert, Alberta T8N 2X4 (26624164)
7 & 9 St Anne St St. Albert, Alberta T8N 2X4
$8,500,000
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.). (id:36938)
Property Details
| MLS® Number | E4377078 |
| Property Type | Office |
| Neigbourhood | Downtown_SALB |
Building
| Constructed Date | 1977 |
| Size Interior | 47024 Sqft |
Land
| Acreage | No |
https://www.realtor.ca/real-estate/26624164/7-9-st-anne-st-st-albert-downtownsalb
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March 14 2024 10:46:02
REALTORS® Association of Edmonton
Nai Commercial Real Estate Inc