the shops at garneau lofts · 2020-04-21 · ampersand 27 12. varscona hotel 13. university of...
TRANSCRIPT
FOR
SALE/LEASE
THE SHOPS AT GARNEAU LOFTSUnits 2,3,4,5
Whyte Avenue & 107 Street (NW Corner)EDMONTON, AB
HIGH PROFILE LOCATION EXCELLENT OWNER/USER OPPORTUNITY
Adam MartinsonPartner780 701 [email protected]
Doug FoggSenior Associate780 554 [email protected]
Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. No warranty or representation express or implied is mad to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property for properties in question. February 25, 2020
Cushman & Wakefield EdmontonSuite 2700, TD Tower10088 102 AvenueEdmonton, AB T5J 2Z1 cwedm.com
VACANT
THE SHOPS AT GARNEAU LOFTSEDMONTON, AB
Cushman & Wakefield Edmonton is pleased to exclusively present for sale four retail condominium units located on the Northwest corner of Whyte Avenue and 107th Street.
Whyte Avenue is Edmonton’s most popular retail street and this vibrant area boasts a mix of local, national and international retailers and restaurants.
This is your chance to own property on one of Canada’s top 5 retail street fronts.
UNITS 2 & 3 UNIT 4
UNIT FOR SALE OR LEASE
original loan (nov. 2018)$2,400,000
balance (july, 2020)$2,305,175
rate4.528%
amortization25 years
maturityOctober, 2023
mortgageeCIBC
Projected net oPerating income
$227,396(July 1, 2020 - June 30, 2021)
caPitalization rate6.5%
average rental rate$30.96
MORTGAGEDETAILS
INCOMEDETAILS
municiPal address10732 & 10702 82 Avenue,
8208 107 StreetEdmonton, AB
legal descriPtionCondominium Plan 9624473, Units 2 & 3
Condominium Plan 9921095, Units 4 & 5
ProPerty tax 2018Rooster Café (Units 2 & 3) $16,476.29
Crankpots (Unit 4) $6,662.66Vacant (Unit 5) $15,574.52
unit sizesRooster Café (Units 2 & 3) 3,011 SF
Crankpots (Unit 4) 1,205 SFVacant (Unit 5) 3,128 SF
TOTAL 7,344 SF
zoningDirect Control (DC1)
constructionReinforced Concrete
year built1997 (Renovated)
Price$3,500,000
PROPERTYDETAILS
VACANT
1. Tokyo Noodle Shop
ROOSTER CAFE
2. My Tea
3. Eyecare Group
4. Choice Dental
5. Pink Sugar Hair
6. Sapphine Nails
CRANKPOTS
VACANT
7. Don Wheaton Chevrolet
THE SHOPS ATGARNEAU LOFTSTENANTS
VACANT
1. William Off Whyte (44 Units)
2. Don Wheaton Chevrolet
Buick GMC Cadillac
3. St. Anthony’s Church
4. Circle K
5. Subway
6. The UPS Store
7. Yeg Cycle
8. Aveda Academy Salon
9. Lush
10. O’Byrne’s Irish Pub
11. Ampersand 27
12. Varscona Hotel
13. University Of Alberta
39,087 Students
14,438 Staff
BUSINESSES IN AREA VACANT
cwedm.com
Adam MartinsonPartner
780 701 [email protected]
Doug FoggSenior Associate780 554 [email protected]
2019 Estimated Population (3km Radius)
80,035
Household Income
$107,161 (Average)
Traffic Count
82 Avenue East of 107 Street: 25,100
2022 Population Growth
7.8%
DEMOGRAPHICS