$2,350,000.00 21,600 Sq.ft

4000 Landry Avenue , Rural Red Deer County. T4S 2B3

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

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2141615
City:Rural Red Deer County
Neighbourhood:Blindman Industrial Park
Province:Alberta
Building/Unit Size: 21,600 sq.ft
Land Size:4.09 Acre
Listing Price:$2,350,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Industrial
Transaction Type:For Sale
Land Use Code:MI
Listing Contract Date:2024-07-22

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