1035 & 1039 Parson Road SW Edmonton AB
Edmonton, Alberta
MLS® 45888404
$1,398,800
- Status
- Active
- Property type
- Retail
- MLS® number
- 45888404
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Photos coming soon
Listing 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.
ft. 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.
Property summary
- MLS® number
- 45888404
- Property type
- Retail
- Size
- 2,503 sq ft
- Land size
- 1089 square feet
- Days on market
- 6 days
What would this home cost you?
Based on the $1,398,800 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of MaxWell Polaris, Edmonton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.