11 Athabascan Avenue, Sherwood Park, AB
SOLD $8,750,000.00 - Investment
Euro-Village Plaza Investment Opportunity
11 Athabascan Avenue, Sherwood Park, AB
SOLD
BUILDING HIGHLIGHTS
- 7.1% Cap Rate and 92% Leased
- Established retail plaza in high profile location
- Well maintained buildings with one owner in its history
- Three buildings on site with further development potential
- Potential for owner to vacate approx. 8,000 Sq.Ft for owner-occupier
- Owner/User or Leaseback opportunity
- Twelve long term tenants in place
PROPERTY INFORMATION
Address: 11 Athabascan Avenue, Sherwood Park, AB
Site Size: 2.25 Acres
Total Size: 27,746 Sq.Ft. Total in 3 Buildings
Varese Building – 9,224 Sq.Ft. FULLY LEASED
Daroca Building – 5,290 Sq.Ft. FULLY LEASED
Aldeia Building – 13,232 Sq.Ft. 2 BAYS REMAINING
Site Coverage: 27%
Asking Price: $8,750,000
NOI: $620,000
On-Site Parking: 122 Stalls (Ratio of 4.4 per 1,000 Sq.Ft.)
Traffic Counts: 21,000 VPD on Broadmoor Blvd, 5,000 VPD on Athabascan Avenue
Zoning: C5 – Service Commercial *Service Commercial has a FAR of 1.0*
