Realty Pro Listings: A2141615

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  • Details
  • Price:2350000.00
  • MLS #: A2141615
  • Type:
  • AgentId: 1600078
  • Address: 4000 Landry Avenue
  • City: Rural Red Deer County
  • Prov.: Alberta
  • PostalCode: T4S2B3
  • Country: Canada
  • Neighbourhood:
  • Fireplace:No
  • Acreage:Yes

MSL#: A2141615

4000 Landry Avenue, Rural Red Deer County
Alberta
$2350000.00

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:7303)

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