$2,350,000
4000 Landry Avenue Rural Red Deer County, AB T4S2B3
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$2,350,000
Est. payment /mo
21,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,600 sqft
Price per Sqft $108
Subdivision Blindman Industrial Park
MLS® Listing ID A2141615
Originating Board Central Alberta REALTORS® Association
Year Built 1980
Lot Size 4.090 Acres
Acres 178160.4
Property Description
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:24570)
Location
Province AB
Interior
Heating Forced air, , Radiant heat
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
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Listed by Century 21 Advantage
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