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Data was last updated 2021-04-20 at 18:24:17 PM (MDT)

80042 475 Avenue E - MLS® # A1025017

Property Details


List Price
$4,600,000
Living Area
0 sqft.
Bedrooms
Bathrooms
Lot Size Area
111078 sq.ft.
Taxes
N/A
Type
Industrial (Commercial)
Style
Basement
Year Built
2008

Description

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.

Listing Provided By

VIRTU REAL ESTATE

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

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 Real Estate Listing provided by
  • RE/MAX SOUTHERN REALTY
  • PO BOX 5337 - 19, 3 AVENUE SE
  • HIGH RIVER, AB
  • T1V 1M5
 Real Estate Listing provided by
  • RE/MAX SOUTHERN REALTY
  • P.O.BOX 5337- 19, 3 AVENUE SE
  • HIGH RIVER, AB
  • T1V 1M5