Watched few YouTube videos, interested in learning more about it. The way they present this seems unreal though TBH
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This thread has saved me from financial ruin. I had to pass this retail opportunity after reading all the words of wisdom here. My friends were extremely interested and thought I was passing a great opportunity but they are thankful now.
This giant ghost mall appears to be a disaster for...
Financing for rentals, B 20 affect, investing from a different city (living in Calgary investing in Windsor,ON for example)
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You are right. When I talked to the leasing manager over the phone, I heard that wrong. Sent an email for confirmation, it's 100-150 per year. Now makes better sense.
Did some research on the going rental rate of retail space in Calgary. Most of the malls don't sell retail space, so wasn't
able to compare that.
Rental rate comparison:
Deerfoot meadows 3.4$ pm/sqft
Crossiron mills 8.33$ pm/sqft!! (depending on location, but they have no vanacy right now)
T&T...
Area- The list says effective area is 51%. Triple unit gross 855 sqft (net 436 sqft), double unit gross 570 sqft (net 280 sqft)
Potential rent- Single units suggested lease rate is 1500 pm (as they say).
Tenants- No idea about tenants at this point. They will probably be start up...