A two-year old retail centre across from the water in Sylvan Lake, Alberta, has sold for $3.2 million, reports Avison Young's Edmonton office. Tenants include Freshii, Good Earth Coffee and Undercurrent Brewery.
Breakdown:
Property type: Retail centre
Location: 5003 Lakeshore Drive
City: Sylvan Lake, Alberta
Building size: 9,351 square feet
Land size: 0.58 acres
Sale price: $3,200,000
Capitalization rate: 6.25%
Date of sale: September 19, 2019
Brokerage: Avison Young, Edmonton
Brokers: Reed Newnham, James Robertson
