$3,900,000.00 14,248 Sq.ft

5715 35 Street SE, Calgary. T2C 2H1

Description

INVESTOR ALERT! — This recently renovated and upgraded investment property has been leased by a large multinational tenant with an excellent covenant. Their initial lease term expires in 2028 and they have three options to extend for up to another 15 years. The current cap rate is approximately 5% with upside as the net rent increases annually. — Location: Foothills Industrial / Year Built: 1980 / Available: Immediately / Site Size: ~ 1.36 acres / Building Area: ~ 14,248 square feet / Zoning: I-G (Industrial General) / Loading: 3 – 14’ x 14’ drive-in doors, 2 – 10’ x 10’ drive-in doors, 1 – 12’ x 12’ drive-in doors / Ceiling Height: ~ 20’ to 26’ in shop / Power: 400 amps @ 600 volts (TBV) / 2024 Property Taxes: $60,478.56 / 2024 Assessed Value: $2,750,000 / Notes: Expertly built and recently renovated and upgraded, this building features: ~ 11,266 square feet of shop space, ~ 2,982 square feet of office space over two floors, Partly paved and fenced yard space, Make-up air system in shop, Multiple large overhead cranes, Curtained wash bay with pressure washer, Air-conditioned offices on both floors, Numerous nearby amenities, Area serviced by public transit — DISCLOSURE: Tenant has the right of first refusal to purchase the property.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2140963
City:Calgary
Neighbourhood:Foothills
Province:Alberta
Building/Unit Size: 14,248 sq.ft
Land Size:1.36 Acre
Listing Price:$3,900,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Industrial
Transaction Type:For Sale
Land Use Code:I-G
Listing Contract Date:2024-06-12

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "RE/MAX House of Real Estate" listing brokerage.

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