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Land For Sale at 5480 MERIDIAN ST SE in Edmonton, Alberta

4 Sale ID #157749
Updated 03 May 2024

Asking Price

$21,960,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Rare opportunity to acquire approximately 80 acres (79.6) of IM zoned unserviced land in the Southeast Industrial submarket of Maple Ridge Industrial within city limits of Edmonton. Located adjacent to Anthony Henday Drive (Highway 14) and just north of Whitemud drive. Excellent exposure with over 1,300 feet of frontage on the Meridian Street. Almost all the Land is stripped of the top soil. Perfect for development into small industrial units or good for a major industrial storage. Three older homes rented approximately for $5,000 per month (TBV). (id:39198)

  • MLS® : #E4342385
  • Date Listed : 25 May 2023

Location

Province

Alberta

City

Edmonton

Address

5480 Meridian St Se

Postal Code

T6P1R3

Location Highlights

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Listed by

MaxWell Polaris Alberta listing

Category

land

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

3,467,376

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$21,960,000

Asking Price

$21,960,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

3,467,376

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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