Rural Red Deer County, AB T4S 2B3,4000 Landry AVE
Rural Red Deer County, AB T4S 2B3,4000 Landry AVE
Rural Red Deer County, AB T4S 2B3,4000 Landry AVE
Rural Red Deer County, AB T4S 2B3,4000 Landry AVE
Rural Red Deer County, AB T4S 2B3,4000 Landry AVE
Rural Red Deer County, AB T4S 2B3,4000 Landry AVE
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$ 2,350,000
Est. payment | /mo

4.09 Acres Lot


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$ 2,350,000
Est. payment | /mo
Save

4.09 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Blindman Industrial Park

MLS® Listing ID A2141615

Year Built 1980

Lot Size 4.090 Acres

Acres 4.09

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

State AB

County Red Deer County

Zoning MI

Interior

Heating Forced Air, Natural Gas, Radiant

Building

Dwelling Type Industrial

Foundation Poured Concrete

Structure Type Metal Frame

Others

Restrictions None Known

Tax ID 91716448

Listed by Century 21 Advantage
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4000 Landry AVE