LOADING

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

21600 Sqft
Forced Air, Radiant Heat Acreage

$2,350,000

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:57594)

Property Details

MLS® Number A2141615
Property Type Industrial
Community Name Blindman Industrial Park
Plan 7822180

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 Sqft
Size Interior 21600 Sqft
Total Finished Area 21600 Sqft

Land

Acreage Yes
Size Irregular 4.09
Size Total 4.09 Ac|2 - 4.99 Acres
Size Total Text 4.09 Ac|2 - 4.99 Acres
Zoning Description Mi