4000 Landry Ave - Industrial FOR SALE


Red Deer County, AB T4S 2B3
$2,350,000 CAD
587-815-9677
4000 Landry Ave, Red Deer County, AB for Sale
$2,350,000 CAD
Industrial - FOR SALE
1/25
null | 6.35% Cap Rate

4000 Landry Ave
Red Deer County, AB T4S 2B3


HIGHLIGHTS

  • Along hwy 2A-Fantastic Exposure
  • Most bays upgraded to LED lighting
  • 16' high OHD access with office space/ bath and undeveloped mezzanines

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,350,000 CAD

PRICE/SF

$109 CAD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

9

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4

LAND SF

174,240

ZONING

Medium Industrial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Wes GiesbrechtCentury 21 AdvantageMore Info
587-815-9677

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Wes GiesbrechtCentury 21 AdvantageMore Info
587-815-9677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.