16,200 sqft
Other, Radiant Heat
Acreage
$2,990,000
New Industrial Building | Fully Leased | Netook Crossing – Mountain View County, ABNewly constructed 9-bay industrial building located in the growing commercial area of Netook Crossing, just off the Hwy 2 corridor near the Town of Olds. This high-visibility property offers excellent access to both Calgary and Red Deer, each approximately 35 minutes away.Built with steel and concrete construction, the property is designed for long-term durability and minimal maintenance. The 16,200 sq. ft. building features nine 1,800 sq. ft. bays, each with a 16’ x 16’ overhead door and access to a fully fenced yard. The bays are currently leased is a 5 bay +1 and 3, grouping, allowing for future tenant flexibility through demising or expansion.All tenancies are secured under Triple Net leases, generating an average base rent of $19.66 per sq. ft. With a Current Cap rate of 10.99% Located in business-friendly Mountain View County, the site also benefits from extremely low property taxes. CThis is an investment that offers strong ROI and long-term income potential in a strategic location with continued commercial growth. (id:57810)
Property Details
|
MLS® Number
|
A2283669 |
|
Property Type
|
Industrial |
|
Features
|
Visual Exposure, Level |
|
Plan
|
1511332 |
|
Road Type
|
Paved Road |
|
Total Buildings
|
1 |
Building
|
Ceiling Height
|
288 In |
|
Constructed Date
|
2024 |
|
Construction Material
|
Steel Frame |
|
Exterior Finish
|
Aluminum Siding |
|
Foundation Type
|
Slab |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other, Radiant Heat |
|
Size Exterior
|
16200 Sqft |
|
Size Interior
|
16,200 Sqft |
|
Total Finished Area
|
16200 Sqft |
|
Utility Water
|
Cistern, Private Utility |
Land
|
Acreage
|
Yes |
|
Size Irregular
|
2.50 |
|
Size Total
|
2.5 Ac|2 - 4.99 Acres |
|
Size Total Text
|
2.5 Ac|2 - 4.99 Acres |
|
Zoning Description
|
I-bp |
Utilities
|
Electricity
|
Connected |
|
Natural Gas
|
Connected |
https://www.realtor.ca/real-estate/29410642/35-32580-range-road-11-rural-mountain-view-county