40 Riverside Way, 71 Riverside Drive, Okotoks, AB T1S 1M3
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Listed by Vincenzo P Caputo • NAI Commercial Real Estate Inc
$10,950,000
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS® Listing ID 44460911

Property Description

Willow Shopping Centre is a 26,670 SF, two-building strata retail investment featuring prominent exposure along Northridge Drive in Okotoks, Alberta. The centre is fully leased to a diversified mix of service-oriented and daily-needs tenants, generating $814,680 in stabilized NOI with a 5.12-year weighted average lease term (“WALT”) and $29.27 PSF weighted average net rent (“WANR”). Situated within an established, high-income residential trade area, the property benefits from surrounding schools, mature residential density and $871M in consumer spending within a 3 km radius.

Location

State AB


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REALTORS® Association of Edmonton (RAE VOW)

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