WESTGROVE PROFESSIONAL BUILDING

131 First Avenue, Spruce Grove, Alberta
Westgrove Building Edmonton Alberta Omada Commercial Real Estate Leasing and Sales

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