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80042 475 Avenue E - MLS® # A1025017
Investment opportunity to acquire a manufacturing-focused property with two pre-engineered metal buildings fully occupied by two separate tenants. 27,224sf combined over two buildings on 2.55 acres, representing a site coverage ratio of 22%. Lease income: $326,700 per year. 3-years of term remaining on existing leases plus tenant options to renew. Clean, well-maintained property with heavy power and crane capacity, including overhead bridge cranes. Two floors of office contracted in Building B in 2019 totaling 2,880sf at a cost of $300,000. Building A (11,961sf) built in 2008 and Building B (15,264sf) built in 2010. Total of 9 oversized drive-in loading doors, and 600amp 600volt power in each building. Located 25 minutes south of Calgary on Highway 2A in High River, Alberta. The asking sale price represents a 7.1% cap rate.
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