780-819-5191
$1,398,800 Sale
Listed 1 hour
Parsons Rd SW
· 0
· 0
· -
· 2503
Key Facts
Key facts for Parsons Rd SW
Property Type
Commercial
Parking
-
MLS®
45888404
Size
2503 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Website
-
Year Built
-
Maintenance Fee
-
Description
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. f...t. 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.
Similar Properties (No results)
Courtesy of: Sukh Somal, MaxWell Polaris