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
| Address |
4000 Landry Avenue |
| List Price |
$2,350,000 |
| Property Type |
Commercial |
| Type of Dwelling |
Industrial |
| Area |
Rural Red Deer County |
| Sub-Area |
Blindman Industrial Park |
| Lot Size |
178160 Sq. Ft. |
| Year Built |
1980 |
| MLS® Number |
A2141615 |
| Listing Brokerage |
Century 21 Advantage
|
| Postal Code |
T4S 2B3 |
| Zoning |
MI |
