$2,350,000
FOR SALE

Industrial

4000 Landry Avenue
Rural Red Deer County, AB T4S 2B3

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:47421)
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Listed By Century 21 Advantage
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2141615
Last Updated Sep 05, 2024
Property Summary
Property Type Industrial

More like this:
Community Blindman Industrial Park
Price History

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Detailed Information
Listing Contract Date 2024-07-22
Municipal ID 0013597754
Plan 7822180
Property Type Industrial
Transaction Type For sale
Zoning Description MI
Building
Constructed Date 1980
Construction Material Steel frame
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air, Radiant heat
Size (Exterior) 21600 square feet
Total Finished Area 21600 sqft
Land
Total Size 4.09 acres
Acreage Yes
Size of Irregular Land 4.09

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