A strip centre near Calgary has sold for $8.5 million, CBRE Limited reports.
The two, multi-tenant buildings that comprise Mountain Ridge Plaza in Cochrane totals 29,973 square feet of leasable area across 16 units. The site is 2.76 acres with the opportunity to add a third building of 5,175 square feet. Existing tenants include Frashii, Anytime Fitness, Ace Liquor and Harmony Day Care. The site was listed for $9.5 million by CBRE. Cochrane is located just ten minutes northwest of Calgary.
The property is located at 100 Horse Creek Rd., Cochrane.
Breakdown:
Price: $8,500,070
No. of Units: 16
Price/Unit: $531,254
Lot Size: 2.76 acres
Property Type: Retail
City: Cochrane
Province: Alberta
Name of Brokerage: CBRE Limited
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