Courtesy Of Derek Claffey and Ryan Brown Of NAI Commercial Real Estate Inc
About 7 & 9 St Anne St
7 & 9 St. Anne Street is an excellent opportunity for an owner/user looking to own and occupy a building with strong rental income from existing tenants or Investors looking to create value with renovation, lease-up or potential condominiumization of the property. This property is an attractive location just off St. Albert Trail in the downtown region and overlooks the Sturgeon River. The building is currently 61% occupied by Tenants with Net Leases in place. 39% of the building is available for owner/user occupancy or re-lease to new Tenant's. The current net income of $482,000.00 per annum in place (June 1, 2024), potential Proforma income of $764,812.00 per annum. There are medical/office vacancies with a variety of subdivision options including 8,213 Sq.Ft. +/- of nicely finished main floor space (availble June 1, 2024). There are 20 covered parking stalls and 102 surface parking (2.2 stalls per 1,000 Sq. Ft.).
Features of 7 & 9 St Anne St
| MLS® # | E4377078 |
|---|---|
| Price | $8,500,000 |
| Square Footage | 47,024 |
| Acres | 0.00 |
| Year Built | 1977 |
| Type | Office |
Community Information
| Address | 7 & 9 St Anne St |
|---|---|
| Area | St. Albert |
| Subdivision | Downtown_SALB |
| City | St. Albert |
| Province | AB |
| Postal Code | T8N 2X4 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Construction | Mixed |
|---|
Additional Information
| Date Listed | March 14th, 2024 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Derek Claffey and Ryan Brown Of NAI Commercial Real Estate Inc |
|---|