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Dale JamesAssociate BrokerE: [email protected]: 780.341.2034
Humaira NaikyarAssociateE: [email protected]: 780.341.2035
Lakeview investment opportunity4351 Savaryn Drive SW, Edmonton AB
Opportunity to invest and have full ownership in a 3,436 SF condominium retail unit with a long-term secure tenant in place. Currently 100% leased to the Lakeview Animal Hospital. As one of the few veterinary clinics in North America with AAHA accreditation, Lakeview Animal Hospital delivers some of the highest standards of veterinary care within Edmonton through their Mercy and Lakeview locations. This unique opportunity provides for great return on investment with a stable and secure tenant in place on a long-term lease.
Located off the bustling 91th Street and Savaryn Dr, the clinic has a total of four 2-way access points off Savaryn Dr and 22nd Ave and is strategically located to serve Edmonton, Nisku, and Sherwood Park Clients The condo is situated among some of Edmonton’s most connected neighbourhoods of Ellerslie, Summerside and The Orchards.
Summary
• Investment opportunity with long term stable tenancy in place • For sale condominium unit only• 100% leased and a 8.78% cap rate• Secure tenant that is American Animal Hospital Association (AAHS) accredited since 2016• Core destination for local pet owners seeking veterinary services • Exclusive veterinary products and state-of-the-art diagnostic equipment• Full-range animal care facility (Scans, Dental, Therapy & Surgeries among others)
Property Highlights
Property Details
Address: 4351 Savaryn Drive SWLegal Description: Unit 6, Condominium Plan 1620625Unit Size: Main 1,862 SF | Second 1,574 SF |Total 3,436 SFYear Built: 2016
Current Zone: EIB – Ellerslie Industrial Business
Parking: Surface Parking StallsProperty Taxes: $14,420.73 (2019)Condo Fees: $4,593.48 (2019 budget)Current Occupancy: 100%Tenant: Lakeview Animal HospitalLease Expiry August 31, 2024Lease Type: Triple NetAnnual Base Rent: $79,027.92Purchase Price: $900,000.00Cap Rate: 8.8%
Residential neighborhoods
EllersliePlanned in the early 2000s, Ellerslie is now considered a complete neighbourhood. With an abundance of natural trees, and small parks all connected via strategically placed pathways, Ellerslie provides its residents with great open space and complete amenities. Single and semi-detached housings to row housing and low-rise apartments make up the different residential structure types within Ellerslie.Population: 5,850
P R O P E R T Y D e m o g r a p h i c s | 2 k m r a d i u s
Vehicles Per Day (2018):91 Street NW - 21,400 VPD (2018)Ellerslie Road - 26,900 VPD (2018)
Population:13,512
Average Household Income:$110,000
location
Lakeview Condo
Edmonton South Common
• Established as part of Edmonton’s Ellerslie Area Structure Plan, Lakeview Animal Hospital is situated among some of Edmonton’s most connected neighbourhoods of Ellerslie, Summerside and The Orchards. Located off 91th Street, the Animal Hospital sees over 21,400 VPD (2018) and is a local vet clinic to the surrounding communities with a population of 26,031.
SummersideConstruction of Summerside began in the early 2000s and is still underway. One significant feature of this neighbourhood is the Summerside Lake, Edmonton’s first purpose-built man-made lake, providing residents with exclusive recreational use throughout the year. Three quarters of residential structures consist of low-density residentials, with the remaining dwelling units as medium density.Population: 16,055
The OrchardsThe Orchards is one of Edmonton’s newest neighbourhood boasting a massive 500-acre master planned community. The wonderful neighbourhood designs and Club House help blossom new friendships and culture, promoting connectivity with one another. Population: 4,126
Elerslie Industrial
Sandman Signature Hotel
Southgate VolkswagonGo Nissan
Capital Crysler Dodge
Tim Hortons
Summerside
Ellerslie
The Orchards
Dale JamesAssociate BrokerE: [email protected]: 780.341.2034
Humaira NaikyarAssociateE: [email protected]: 780.341.2035
This brochure is for general information purposes only. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing condition, imposed by the principals. Interested parties shall verify all information provided herein and the Vendor reserves the right to discontinue any negotiations or discussions of the Property, at the Vendor’s discretion prior to entering into a contract. Remax Excellence Commercial Division shall not be held liable for any loss and damages arising from information provided in this brochure.
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