11402 100 Street, Grande Prairie, Alberta T8V 2N5
- $3,200,000
- List Price
- $3,200,000
- Status
- ACTIVE
- MLS® #
- A2345605
- Days on Market
- 4
- Year Built
- 2004
- Area
- Grande Prairie
- Community
- Avondale
Property Description
Aurora Plaza presents an opportunity to acquire a 26,888 SF multi-tenant retail and office investment property located at 11402-11408 100 Street in Grande Prairie, Alberta. The property is strategically positioned along one of the city's primary commercial corridors, benefiting from excellent exposure to over 42,000 vehicles per day and strong surrounding retail amenities. Currently 87% occupied, the asset generates a current NOI of approximately $234,605 and is offered at $3,200,000, representing an 8.19% cap rate. The tenant mix includes retail, office, restaurant, financial, and professional service users, with several long-term leases extending through 2035. Investors also benefit from value-add potential through the lease-up of approximately 3,188 SF of vacant space and future rental growth opportunities.
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Courtesy of Alliance West Asset and Property Management Ltd..
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