WESTGROVE PROFESSIONAL BUILDING

131 First Avenue, Spruce Grove, Alberta

Transaction

Retail Sale
Building
28,615 SF

Size

28,615 SF

Features

Building Leasable Area:  Main Floor: 9,519 SF
                                               Second Floor: 9,058 SF
                                               Third Floor: 10,038 SF
                                               Total: 26,615 SF
Occupancy (as of Q2 2023): 8,544 SF


WESTGROVE PROFESSIONAL BUILDING

Land Area: 18,204 SF
Municipal: 131 First Avenue, Spruce Grove, AB
Legal Plan: 2336KS, Block 13, Lot A
Zoning: C1 - City Centre Commercial District


WESTGROVE PROFESSIONAL LOT

Land Area: 8,854 SF
Municipal: 126 McLeod Avenue, Spruce Grove, AB
Legal Plan: 812 1074, Block 13, Lot 17
Zoning: C1 - City Centre Commercial District


Sale Price: $3,750,000 ($131 PSF)
Property Taxes: $61,793 (2022) ($2.16 PSF)
Additional Rent (2023): $11.00 PSF
Utilities:
Heat & A/C: Raytherm Boiler System (distributed by radiant tube)
Hot Water: 50 US Gallon Tank, John Wood Proline (installed 2017)
Electrical: 1,200 Amp, 3 Phase (separately metered)
Parking Approximately 40 underground stalls & 35 surface stalls included

Highlights

  • 28,615 SF free standing building with underground and surface parking
  • Competitively priced 3 storey building totalling 28,615 SF of leasable area
  • Underground parking & surface parking lot included
  • Recent repairs include roof, elevator, boiler, and HVAC units
  • Direct exposure along Highway 16A with pylon signage available

 

Location Map