Rural Red Deer County, AB T4S2B3,4000 Landry Avenue
Rural Red Deer County, AB T4S2B3,4000 Landry Avenue
Rural Red Deer County, AB T4S2B3,4000 Landry Avenue
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$2,350,000
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21,600 SqFt
Active

4000 Landry Avenue Rural Red Deer County, AB T4S2B3

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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

Parking Features No

View Y/N No

Private Pool No


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Terry Langdon

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+1(403) 690-9624

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4000 Landry Avenue