5120 50 Avenue, Olds

Commercial Property for Sale

5120 50 Avenue, Olds, MLS® # A2216460
  • MLS®#: A2216460
  • Price: $960,000
  • Parking: 8
  • Status: Active
  • Year Built: 1977
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Excellent commercial investment opportunity located in the heart of Uptown Olds. This 2,728 sq ft standalone building is fully leased to a long-standing physiotherapy clinic that has been in business for over 20 years. They have recently signed a new 10-year lease. The lease is complete with rent escalation in 5 years, and is a full Triple Net (NNN) agreement, has the tenant responsible for all property expenses, including taxes, insurance, and maintenance, making this a low-risk, hands-off investment for the new owner. The interior is clean, bright, and exceptionally well-maintained, featuring five private treatment rooms, an office, file storage, a reception area, a comfortable waiting space, a large exercise area with two additional treatment spaces, two bathrooms (one with a shower), and a laundry room. The building was constructed in 1977 on a slab-on-grade foundation with masonry walls and is heated by two newer forced-air furnaces with central air conditioning for comfort. The property enjoys excellent exposure, with east-facing frontage and a south-facing side allowing bright, natural southeast sunlight throughout the day. Situated in a walkable and professional area of Uptown Olds, this property is ideally located for continued use in the health services sector. Current lease rates are $21.00 per square foot for years 1–5 and $23.00 per square foot for years 6–10, with an average net operating income of approximately $60,016 per year. A great opportunity to acquire a turn-key investment with a proven tenant and reliable long-term cash flow.

Contact Tessa Corley-Rae & Maria Corley About MLS® A2216460

Required Field

Tessa Corley-Rae & Maria Corley , 403.478.1232 at Real Estate Professionals Inc., 202, 5403 Crowchild Trail NW, Calgary, Alberta, T3B 4Z1

property information

  • Property Type: Commercial Property
  • MLS®#: A2216460
  • Year Built: 1977
  • Lot Shape: Back Lane,City Lot,Corner Lot,Level,Paved,Street Lighting
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Community Information

  • Address: 5120 50 Avenue
  • Neighbourhood: Olds
  • City: Olds
  • Postal Code: T4H 1A5
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interior

  • Included: N/A
  • Fireplace Details: For Sale
  • Floor Finish: Carpet, Tile
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exterior

  • Exterior Features: Back Lane, City Lot, Corner Lot, Level, Paved, Street Lighting
  • Exterior Finish: Brick, Masonite
  • Construction: Brick,Masonite
  • Roof: Flat Torch Membrane,Flat,Tar/Gravel
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services & amenities

  • Parking: (8 Total Parking Spaces)
  • Heating: Central,Forced Air,Natural Gas
  • Heating: Central, Forced Air, Natural Gas
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$960,000

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Listing Courtesy of
CIR Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.