Fully tenanted investment property with nearby parking lots for customer/tenant parking. Confidentiality Agreement must be provided before specific details of the property will be released. West side of the building features paving stone and concrete park area with several park benches, tables, several small trees and shrubs. There is no known or contamination of the subject site or adjacent properties. Lease on the top 2 floors will permit the Landlord to relocate the Tenant's parking to the new City parkade, thus by allowing one of the parking lots to be developed.

4819 51 Street; 5010 48 Ave

Land Description:

 0.3 acre lot with building (8 parking stalls)

0.14 acre parking lot (15 stalls)

0.29 acre parking lot (35 stalls)

Total of 58 parking stalls

Building Description: Slightly irregular shaped, 11 year old (1999) three storey building with a 8152 sq, ft, footprint and full basement. Roof mounted HVAC system, heating is also provided via geo- thermal.

Main floor 7325 sq. ft. (one tenant)

Second floor 9775 sq. ft. (8124 sq. ft. net rentable) 24 private offices, open office area, lunch lounge and lunch room, board room, file area, storage room, and file room, two 3-piece washrooms, and janitor room.

Third floor- 8755 sq. ft. (8124 sq. ft. net rentable) Front reception area, large open office area, approx. 17 private offices, board room, classroom, two storage areas, file room, lunchroom, library, and a server room.

Lower Level - 5348 sq. ft. (3036 and 2312 sq. ft. units) Large two room storage area, mechanical room, two 2-piece washrooms, electrical/laundry room. 3036 sq. ft. unit includes a front reception area, 4 offices, 4 private rooms, hydrotherapy room, and large open concept rehabilitation area. 2313 sq. ft. unit has a large open area and 3 offices.

Cap Rate 7.85%