Property Details

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7887 49 Avenue
Red Deer (A2264765)

$1,400,000
12,190 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

This multi-tenant industrial building, situated on 1.07 acres, is in the established Northlands Industrial Park, just one block east of Gaetz Avenue. Constructed in 1979 and zoned I1, the property offers a functional layout ideal for a range of light industrial users. The building consists of 10-11 units, comprised with a mix of single and multi-unit configurations. With the exception of the front office units (Unit 1 and 1A), all others feature grade-level overhead doors, ranging in size from 12’ x 14’ to 14’ x 14’. Each warehouse unit is approx 1,125 SF, however Unit 9/10 is 2,250 SF. Unit 1 and 1A forms a two-storey fully developed industrial office space fronting the building, while the remaining bays are warehouse units with minimal or no office buildout. The site includes paved customer and tenant parking at the front, with access to a shared, graveled yard along the north side of the property. There are also two fenced compounds at the east end of the site, currently one of which generates additional monthly revenue. This well cared for asset offers solid income potential and long-term value in a convenient industrial location. The property is mostly leased, providing an investor with immediate reliable cash flow and future leasing upside. Note Building Area Total includes Unit 1A (2nd floor), is approximate and not professionally measured. Building footprint is approx 11,200sf.

Property details

Basic Info

MLS® #
A2264765
Property Type:
Commercial
Subtype:
Industrial
Subdivision:
Northlands Industrial Park
Price
$1,400,000
Sale/Lease:
For Sale
Size:
12,190 sq.ft.
Year Built:
1979 (46 years old)

Building Info

Structure Type:
Industrial
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Lot Size:
1.08 acres
Zoning:
I-1

Listing Info

Possession:
Immediate
Days on Market:
39
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