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    For Sale - 7605 Henderson Way, Out of Area, Alberta

    Est payment $23,049/mo
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    Time on Jump  7 day

    AI Summary *

    • Prime commercial lot in Lacombe, perfect for Ontario investors looking for alternatives.
    • Income-producing properties with existing base rent of around $250,145 annually.
    • Potential for up to 10,000 SF of new professional and medical space.
    • Strategic location along the QEII corridor between Edmonton and Calgary.
    • Local property management available for ease of operation and support.




    Midway commercial lot 2 - central alberta investment opportunity ontario investors seeking a lower-cost alternative to gta commercial real estate can consider this income-producing commercial opportunity in lacombe, alberta, strategically located along the qeii corridor between edmonton and calgary.$4. 8m asking price | ~$250,145 current base rent | ~5. 21% indicative yield the property offers significant upside through the potential development of up to 10,000 sf of professional/medical space. Phase i could begin with 5,000 sf, estimated at $900k, with potential rent of approximately $150k annually at $30/sf. Upon completion and lease-up, projected base rental income could reach approximately $400k annually, representing an estimated 7. 02% yield on the $5. 7m total acquisition + phase i development cost. The medical component represents an estimated 16. 7% development yield. At a potential 6% stabilized cap rate, projected income could support approximately $6. 67m in value, representing approximately $970k of potential gross value creation. Key highlights: existing income; medical/professional development upside; phased construction; central alberta qeii location. Lower capital entry point than many ontario opportunities. Local property management available through maxwell real estate solutions in red deer. Acquire, develop, lease, increase noi, create value. All figures are approximate projections and subject to verification, market conditions, financing, construction costs, leasing and actual operating performance.
    Listing IDX13712678
    Address7605 Henderson Way
    CityOut of Area, Alberta
    Price$4,800,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Major HighwayHeating / Cooling Gas Forced Air Closed

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    Listing Brokerage: MaxWell Privé

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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