4000 Landry Avenue Rural Red Deer County, Alberta T4S 2B3
$2,350,000
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:57810)
Property Details
| MLS® Number | A2141615 |
| Property Type | Industrial |
| Community Name | Blindman Industrial Park |
| Plan | 7822180 |
Building
| ConstructedDate | 1980 |
| ConstructionMaterial | Steel Frame |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Radiant Heat |
| SizeExterior | 21600 Sqft |
| SizeInterior | 21600 Sqft |
| TotalFinishedArea | 21600 Sqft |
Land
| Acreage | Yes |
| SizeIrregular | 4.09 |
| SizeTotal | 4.09 Ac|2 - 4.99 Acres |
| SizeTotalText | 4.09 Ac|2 - 4.99 Acres |
| ZoningDescription | Mi |
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September 05 2024 10:52:04
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