LOCATION: 5 Strachan Bay SE, Medicine Hat, Alberta
PURCHASE PRICE: $3,500,000
DATE PURCHASED: January 29th, 2021
CASH ON CASH RETURN: 7.1% Average over 5 years
COMPOSITE RETURN: 14.3% Average over 5 years
TENANCY: Mobil 1, PPG 9Delux Paints, Associated Engineering
OCCUPANCY: 87.38%
YEAR BUILT: 2006
FOOTAGE: 12,398 Sq. Ft.
JOINT VENTURE: Safety First Projects 15 Ltd.

 

THE STORY:

A new Commercial Associate with Sundance Realty & Management Inc, Dan Nielsen, sourced the opportunity to purchase this property from another Joint Venture group that had built and owned the building from new. Due Diligence on the property clearly indicated that the property was located in particularly good newer commercial area of Medicine Hat called Southland Power Centre. The location of the property should bode well for it as a commercial cash flowing property well into the future.