21600 sqft
Forced Air, Radiant Heat
Acreage
$2,350,000
TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 7 units , (FULLY TENANTED) w/ NNN leases in place, Situated on just over 4 ACRES, and a current 6.35% CAP RATE, GENERATING $237,240 in GROSS RENTAL INCOME (or $19,777/month). Bay sizes ranging from 30'x80' or 2,400SQ FT (5-single bays) to 60'x80' or 4,800 SQ FT (2-double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with offices, baths, and mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Total 2023/2024 Operational costs are estimated at $87,912 for 2024 or $4.07/PSF. Visit REALTORS® website for more details (id:36938)
Property Details
MLS® Number
|
A2141615 |
Property Type
|
Industrial |
Community Name
|
Blindman Industrial Park |
Plan
|
7822180 |
Building
ConstructedDate
|
1980 |
ConstructionMaterial
|
Steel Frame |
FoundationType
|
Poured Concrete |
HeatingFuel
|
Natural Gas |
HeatingType
|
Forced Air, Radiant Heat |
SizeExterior
|
21600 Sqft |
SizeInterior
|
21600 Sqft |
TotalFinishedArea
|
21600 Sqft |
Land
Acreage
|
Yes |
SizeIrregular
|
4.09 |
SizeTotal
|
4.09 Ac|2 - 4.99 Acres |
SizeTotalText
|
4.09 Ac|2 - 4.99 Acres |
ZoningDescription
|
Mi |
https://www.realtor.ca/real-estate/27203896/4000-landry-avenue-rural-red-deer-county-blindman-industrial-park