$2,240,000
$2,350,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
4000 Landry AVE Rural Red Deer County, AB T4S 2B3
4.09 Acres Lot
Key Details
Sold Price $2,240,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Blindman Industrial Park
MLS® Listing ID A2141615
Year Built 1980
Annual Tax Amount $28,154
Tax Year 2024
Lot Size 4.090 Acres
Property Sub-Type Industrial
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
Location
Province AB
County Red Deer County
Zoning MI
Interior
Heating Forced Air, Natural Gas, Radiant
Building
Foundation Poured Concrete
Structure Type Metal Frame
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