125 Main Street N, Airdrie, Alberta T4B 0R8
$10,880,000
MLS® Number: A2172159
27,443 Sq. Ft.
1984
Bennett Edwardson
President | Associate Broker
Property Overview
This is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area’ making it a very desirable property to own in the short and long term.This property is located on Main Street with great curb appeal, drive by visibility, on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 100% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $622,750 + amortization recovery of $57,800 which equals Total Net Revenue of $680,600 for 2025. Over the next ten years the total net revenue is projected to average $737,900 per annum.
Property Fast Facts
Total Net Revenue:
$680,600 annually (6.3% Cap Rate)
10-Year Projected Average:
$737,900 annually (6.8% Cap Rate)
Occupancy Rate:
100% (with one 900 sq. ft. unit being marketed)
Lease Security:
74% of building leased until March 2033
Total Parking:
59 on-site parking stalls
Zoning:
M3
Annual Property Taxes:
$20,400
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